Should the entire equity be contributed in property financing?

  • Erstellt am 2017-12-16 15:25:40

HilfeHilfe

2017-12-18 07:40:09
  • #1


Are you frustrated because I no longer comment on your funhouse? Better stick to your shift work and take your pills.

Briefly to the OP

It is always difficult to "unlock" equity again during house construction so that you have liquid funds again.
 

Zaba12

2017-12-18 10:52:50
  • #2
So... We partially financed our property variably (with a land charge entry) and now fully paid it off in early December with a special repayment. A very big advantage of a variable financing is—and many forget this—the option of full special repayments at every interest adjustment date. In our case, we used this twice and paid exactly €333 in interest on a loan of €55k. So we are now entering the house financing phase with the paid-off property and still have €9k equity left. What is currently becoming clear, however, is that apparently every bank calculates its "internal" loan-to-value ratio on its own. Thus, it can happen that the purchase price of the property is not the basis for valuation. A Sparda seems to calculate very conservatively here (since today really cool conditions, 1.71), a PSD (with still good 1.9%) rather less so. I can report to you at the end of the week whether it made sense to put almost all equity into the property. Because the application will go out by the end of the week.
 

Stivikivi

2017-12-18 19:05:57
  • #3


Looks like someone really has problems :D.

I even agreed with you and you're whining here. Such people must really be frustrated with their lives if they become so snappy on the internet haha.

Well, do as you think, little stinker. :)
 

Neu-Bau-Ling

2017-12-20 21:19:39
  • #4


Yes, that sounds good. Keep us updated ;)
 

Neu-Bau-Ling

2017-12-23 15:08:13
  • #5


Are there any updates?
 

Zaba12

2017-12-23 16:58:12
  • #6
The loan application was sent out via the intermediary on Thursday. Since the bank apparently calculates using a converted room price of 400€ and we are above that, the bank made a repayment rate of 3% a condition. Nothing more was required. We are now waiting for approval from the bank or the internal service.
 

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