sveba
2012-08-19 01:31:17
- #1
Hello everyone,
briefly about the situation: My wife, my daughter, and I live rent-free in my parents-in-law's second house. We have invested almost 25,000 euros in renovations, and in addition, I have paid nearly 20,000 euros for further education. The current equity is 25,000 euros, so rather low. However, we have no debts, etc.
Since I currently commute 230 km daily, I am looking for something closer to work and additionally a place where I can relax with my family. The property we have viewed is located in a weekend area with 90% permanent residents in a wonderfully quiet location. The plot is 560 sqm, living space 90 sqm. The total cost should be 99,000 euros. I would live there year-round, and my wife and daughter would stay there 4 days a week.
I want to use 10,000 euros in equity plus incidental costs and finance the rest with 3% repayment. That would result in an installment of about 550 euros. Income is about 3,000 net. Is there a bank that would finance this? We will meet with the seller soon and would like to take a step further, towards purchase completion.
briefly about the situation: My wife, my daughter, and I live rent-free in my parents-in-law's second house. We have invested almost 25,000 euros in renovations, and in addition, I have paid nearly 20,000 euros for further education. The current equity is 25,000 euros, so rather low. However, we have no debts, etc.
Since I currently commute 230 km daily, I am looking for something closer to work and additionally a place where I can relax with my family. The property we have viewed is located in a weekend area with 90% permanent residents in a wonderfully quiet location. The plot is 560 sqm, living space 90 sqm. The total cost should be 99,000 euros. I would live there year-round, and my wife and daughter would stay there 4 days a week.
I want to use 10,000 euros in equity plus incidental costs and finance the rest with 3% repayment. That would result in an installment of about 550 euros. Income is about 3,000 net. Is there a bank that would finance this? We will meet with the seller soon and would like to take a step further, towards purchase completion.