jayrock
2019-08-13 21:57:27
- #1
Short update:
I took care of it on Saturday and contacted some companies with my data and have already had conversations yesterday and today. Currently, we have 2-3 more offers, the best even at 0.89% with almost the same conditions. Although this is still up for debate due to my current probation period, the next best offer is at 1.23%. The only change here would be that we cannot increase the repayment, but it is fixed (3%). Despite everything, this is much better for us because the rate is much cheaper. Tomorrow I will attend a personal appointment and am curious to see where we end up. In any case, it is cheaper and we are very relieved that we haven’t signed anything yet. Thanks again to everyone!
Regarding the topic "paying for the house alone"... that is always a risk. I could carry the house on my own, but it would be very difficult. We had, which I hadn’t mentioned before, already the idea before buying the house to bring someone in. That means renting out 1 room. We have almost 150 sqm or 5 rooms for two people and we both have lived in shared flats before. Especially as a transition period until my girlfriend starts working, that would be a great option. Above all, because we can also offset the rental income against the bank rate for tax purposes. Since we are still young and were students ourselves, that is totally acceptable to us – but we would only do that for a maximum of 2-3 years, after all we are buying the house for both of us. By the way, my daughter is 13 years old and I will certainly be paying for several more years, logically, but that is more foreseeable than if she were just 5 or so. My train ticket will also eventually be covered by the company, so that cost will disappear as well. All in all, we have thought this through well, otherwise we wouldn’t have done it. Furthermore, I bought my first property at 23 and sold it for double back then. That is also the reason why we can afford this in "our younger years," otherwise, due to equity and a healthy buffer in the bank, it wouldn’t really be something that I or we would feel comfortable with.
I took care of it on Saturday and contacted some companies with my data and have already had conversations yesterday and today. Currently, we have 2-3 more offers, the best even at 0.89% with almost the same conditions. Although this is still up for debate due to my current probation period, the next best offer is at 1.23%. The only change here would be that we cannot increase the repayment, but it is fixed (3%). Despite everything, this is much better for us because the rate is much cheaper. Tomorrow I will attend a personal appointment and am curious to see where we end up. In any case, it is cheaper and we are very relieved that we haven’t signed anything yet. Thanks again to everyone!
Regarding the topic "paying for the house alone"... that is always a risk. I could carry the house on my own, but it would be very difficult. We had, which I hadn’t mentioned before, already the idea before buying the house to bring someone in. That means renting out 1 room. We have almost 150 sqm or 5 rooms for two people and we both have lived in shared flats before. Especially as a transition period until my girlfriend starts working, that would be a great option. Above all, because we can also offset the rental income against the bank rate for tax purposes. Since we are still young and were students ourselves, that is totally acceptable to us – but we would only do that for a maximum of 2-3 years, after all we are buying the house for both of us. By the way, my daughter is 13 years old and I will certainly be paying for several more years, logically, but that is more foreseeable than if she were just 5 or so. My train ticket will also eventually be covered by the company, so that cost will disappear as well. All in all, we have thought this through well, otherwise we wouldn’t have done it. Furthermore, I bought my first property at 23 and sold it for double back then. That is also the reason why we can afford this in "our younger years," otherwise, due to equity and a healthy buffer in the bank, it wouldn’t really be something that I or we would feel comfortable with.