Single-family home financing through stocks

2020-04-20 11:37:07

(I am currently more on my Alternative2)

And why did you not respond to my criticism on this? You want to turn 380k for the house into about 480k and then how much rent do you want to charge for the 50sqm granny flat to experience the amortization? And as a bonus, strangers in your home who sit close enough to you while sunbathing to easily apply sunscreen while watching RTL II?

2020-04-20 12:58:43

In the calculation examples in the first post, the house without a granny flat costs exactly as much as the house with a granny flat.

I have not yet consulted any bank, my outline here serves as preparation for the bank conversation. I do not want to have no answer at the first question of the banker...

Without a concrete property, the conversation at the bank will probably remain rather superficial anyway. It is important that you ask for your maximum credit limit that they would normally grant you, and in your variant with minimal repayment. Everything first calculated without a granny flat, and then you ask how a granny flat would change that.

-Edit- And then please report back here

2020-04-20 14:29:09

In the calculation examples in the first post, the house without a granny flat costs exactly as much as the house with a granny flat.

Oh, I see... well then

2020-04-20 14:32:13

Apparently my strategy is not so simple. In very simple terms: I do not want to contribute 200 or 300k as equity. Additionally, I can save about 42k without interest over the first 5 years. Instead, I want to repay as little as possible and let the capital markets work for me. The interim volatility (+2-7%) should not bother an investor. We are talking about investment horizons of at least 10, rather 20 years. I consider the transfer of the portfolio nonsense. If I become insolvent, I will be liquidated and enter personal bankruptcy. The property will be foreclosed.

My question was how the bank responds to such financing or "what one has to bring".

My wish (I am currently rather at my Alternative2):
240k (2x 120k kfw, 96k are to be repaid. 0.95%, 5 repayment-free years, term 30 years, burden with repayment 2x 396€)
260k bank loan, 20 years, 1% repayment, interest of 1% is possible according to the internet, burden with repayment 434€/month.

Total monthly burden 1226€/month after the 5 repayment-free years.
Remaining debt after 20 years 208k bank, 2x 38400 at kfw.

No bank will cooperate. They all want a minimum repayment.

2020-04-20 16:04:38

Price for a single-family house and with an additional granny flat are identical. The property is on a slope, half of the basement would be very easy to develop. I am aware that this costs about 100k more. I am currently assuming "a good prefabricated house with heating costs about 250k," so the granny flat should still be included. It doesn't need to amortize for us either; we see advantages in liquidity and that an extra storage room and the technical equipment are not upstairs.

As I understand most people here, the bank will only accept 2% repayment? With Alternative2 (2x KfW 120k, 260k bank), that means a total monthly burden of €1441/month. That is manageable, but of course poison for our flexibility... We'll see, once the property and price are certain, I will negotiate with the bank.

2020-04-20 16:28:39

Price for a single-family house and with an additional granny flat are identical

That is total nonsense.

a good prefabricated house with heating costs about 250k

But it even exceeds that...

I strongly recommend that you thoroughly deal with the costs for your single-family house, your figures are miles away from reality.

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Single-family home financing through stocks

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