Should the entire equity be contributed in property financing?

  • Erstellt am 2017-12-16 15:25:40

tomtom79

2017-12-17 15:04:40
  • #1
If now a 1000 euro installment is applied for 100k, how high should the installment for the house be later?
 

Alex85

2017-12-17 15:22:14
  • #2
One thing has nothing to do with the other.

I would also contribute the existing equity capital now, provided that it is also intended to flow into the project later and is not used for furnishings, etc. It improves the conditions and saves interest.
 

tomtom79

2017-12-17 15:46:23
  • #3
Why should one have anything to do with the other? If he decides now, he is bound to the bank. Or do you think someone will finance his house if he is in 2nd place on the ranking? Paying off early will also be more expensive, etc.
 

Alex85

2017-12-17 15:49:56
  • #4
The home loan is to be renegotiated, the repayment can be newly determined.
In addition, this concerns short-term or even variable loans. This has the advantage of being able to look for a new partner for the large loan without major costs.
Last but not least, a prepayment penalty depends, among other things, on the outstanding debt and the remaining term. It should be manageable.
 

Fuchur

2017-12-17 16:36:37
  • #5
That is why I mentioned financing without a mortgage. This exactly avoids this dependency and the back and forth with the land registry office, which demands payment every time.
 

Neu-Bau-Ling

2017-12-17 21:40:11
  • #6


Why, I can renegotiate everything in the new loan anyway.



With a variable loan, I am not binding myself to the bank right now. After any period of time, I simply refinance, and the new bank will be registered first in the land register while the old one is removed.



There will be no prepayment penalties as I will either take a variable loan or one with a short fixed interest period.
 

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