f-pNo
2013-10-22 11:31:49
- #1
@Musketier
I think I know what @HilfeHilfe is getting at.
He fears that the OP will receive 2 x 50,000 for KFW 153, but will lose the KFW 124 due to partial rental. I find this hard to judge, but I could imagine that maybe the KfW 124 can only be applied for the owner-occupied portion. After all, you can also get KfW 124 for condominiums, which are usually located in multi-family houses. Since I’m not deeply familiar with this, I’d like to point out again that a financing specialist should be consulted for this. Perhaps a phone call with a targeted inquiry at KfW could also help.
Regardless, the question also arises how far the interest rate for the KfW 124 is from the current market conditions of the banks – i.e., is KfW 124 actually worthwhile? The KfW 124 is somewhat inflexible in certain points (e.g. special repayments only possible entirely with prepayment penalty).
I think I know what @HilfeHilfe is getting at.
He fears that the OP will receive 2 x 50,000 for KFW 153, but will lose the KFW 124 due to partial rental. I find this hard to judge, but I could imagine that maybe the KfW 124 can only be applied for the owner-occupied portion. After all, you can also get KfW 124 for condominiums, which are usually located in multi-family houses. Since I’m not deeply familiar with this, I’d like to point out again that a financing specialist should be consulted for this. Perhaps a phone call with a targeted inquiry at KfW could also help.
Regardless, the question also arises how far the interest rate for the KfW 124 is from the current market conditions of the banks – i.e., is KfW 124 actually worthwhile? The KfW 124 is somewhat inflexible in certain points (e.g. special repayments only possible entirely with prepayment penalty).