Tips on credit options

Have you clarified the payment modalities (especially because you are putting over 100,000 into the renovation) or is the process clear to you? Which documents need to be submitted and what documents each respective bank requires? You can't get that part all at once credited to your account.

And why do you only need 330,000 from dsl / Hanseatic; but 335,000 from Sparkasse?

And do you really receive the housing construction bonus?

At the house bank, yes. Photo of the invoice, WhatsApp to branch manager, now need money, he transfers it, I pay, later give him a photocopy of the invoice. It must, of course, have something to do with the house. The inspection invoice from VW does not count. Karsten

Banks handle this very differently. With overall similar conditions, I would also prefer a local bank. For me, it was also the Sparkasse. The clerk was noticeably more relaxed, also regarding cost estimates and similar matters. If the DSL Bank were now significantly cheaper, I would choose them.

Have you clarified the topic of payment modalities (especially because you are investing over 100,000 in the renovation) or is the process clear to you? Which things need to be in place and what documents does each bank require? You can't get that amount transferred to your account all at once.

And why do you only need 330,000 from DSL / Hanseatic, but 335,000 from Sparkasse?

And do you really get a housing subsidy?

I don't think we will get the subsidy.

We have a company carrying out the entire renovation; there is an overall offer for this, which is then submitted to the bank after the work is completed.

So I looked at it again calmly. But I am just a consumer. 1. Obviously, the security over 30 years costs a lot of money. 2. Working with today’s interest rates with 1 or 1.5% repayment is almost negligent (but this is compensated here by the building savings contract). 3. The €16,000 with WHAT interest rate? Wow! I guess that’s the 2% above the 100% loan-to-value. I did a rough calculation. At an interest rate of 2.5% p.a. and 2.5% repayment, I come to a rate of €1,375. An interest rate lock-in of 15 years should be possible. I would honestly get further offers. But the stumbling block for you is the absolutely desired security with [Bausparvertrag]

So I looked at it again calmly. But I am just a consumer.
1. Security over 30 years obviously costs a lot of money.
2. Working with 1 or 1.5% repayment at today's interest rates is almost negligent (but this is compensated here by the home savings contract)
3. The 16,000€ at WHAT interest rate? Wow! I guess that's the 2% above the 100% loan-to-value.
I did a rough calculation.

At an interest rate of 2.5% p.a. and 2.5% repayment, I come to a rate of 1375€. Fixed interest period of 15 years should be feasible.
Honestly, I would get further offers.
But the stumbling block for you is the absolutely desired security with the home savings contract

Hello joerdreck, are you now talking about Mr. Buhmann’s offer or the offer from the Sparkasse?

Would you not want the security, based on the low interest rate? What would you do?
If I take this security, I know what costs I will have until the end. Without this fixed interest, I only have a crystal ball view, right?

Yes, the 16,000€ then have to be bought expensively, unfortunately we don’t have the equity now. Sure, in 10 years no problem, but we want the living space now and not in 10 years. That hurts and also makes it so complicated to find a suitable loan.