What financing is suitable for new construction in 2018?

That's how it is, the general score has no significance for real estate loans. There are also several specific ones for banks, but to my knowledge, they don't play a major role either. The bank retrieves the data to find out if there are any hard criteria (private insolvency, affidavit, etc.), then it becomes, for good reason, very bleak very quickly at normal banks. Moving rarely helps, but the score doesn't have to drop as drastically as mentioned by . I simply don't believe that they don't do geo-scoring, no matter what they claim. And yes, a score below 98.5% is already a medium risk and can be a hindrance in some matters.

I didn’t say that it is like that, but that it could be. It also depends on other factors.

And whether you recognize that 96% is rather moderate or not is completely irrelevant. Risk categories are assigned based on this percentage, and with 96% you are no longer considered a low or very low risk. At just over 90%, you are already considered a significantly increased risk. Believe it or not.

And only above 98.5% is really good.

Dear Hausbauer1, in the end, it should also be important to you that your Schufa score is high, maybe even more important than other things that are more important to others, but does this belong here? Does this benefit anyone?

The statement was factually incorrect, and I think that should be corrected.

Schufa gives the go-ahead, but at almost no bank does it determine or influence the terms.

My dear Rumpelkopf, the name seems to be program. The statement certainly belongs here, because anyone who wants a real estate financing should also consider such things. The base score is not taken into account by banks, but most banks have scores from [Schufa] in their model. However, the base score gives an indication of how the bank-specific scores are doing. It is worth paying attention to that. You are welcome to continue disputing it. I stick to my statement. You can certainly stick to your (wrong) assessment - I don't care. Whoever wants to use the information, does so. Whoever does not want to use it, doesn't. However, I certainly will not continue to discuss with you whether it is so or not. Use the info to your advantage or leave it. Not my problem.

One should constantly be busy improving the score... does it help? In the case of construction financing, rather less. Banks look at other things.

Back to the topic: Building society savings contracts of that size and length are hardly worthwhile and too inflexible. Classic annuity with special repayments, term 15 - 20 years.

And try to bring the loan-to-value ratio down to 80%. Then it’s only about €390k loan. But it should still bring something with the interest rates. And possibly also free repayment changes, if possible.

My dear Rumpelkopf, the name seems to be fitting. The statement definitely belongs here, because anyone who wants real estate financing should also consider such things. The base score is not taken into account by banks, but most banks have scores from Schufa in their model. However, the base score gives an indication of the state of the bank-specific scores. It is worth paying attention to that. You are welcome to continue to dispute this. I stick to my statement. You can gladly stick to your (wrong) assessment – I don't care. Those who want to use the information do so. Those who don't want to use it, don't. However, I will certainly not continue to discuss here with you whether it is like that or not. Use the info to your advantage or don't. Not my problem.

Sorry, I didn't mean to offend you.

I want to clearly state that the internal score at the banks, namely letters, has no influence on the conditions at 95% of the banks. I think this information should also suffice; of course, you can see or present it differently.

Otherwise, among other things, the condition plateaus at the banks would not exist, because they would have to take the score into account, which is unthinkable.

At Deutsche Bank, and partly at the Commerzbank, an individual determination of conditions taking the score into account is possible; at DB it is even common, but that’s about it.

I do not want to deny, dear Hausbauer1, that in individual cases it can always happen that individually, in exceptional cases, special conditions with lower margins can be created based on an extraordinarily good score value in combination with very good creditworthiness, but this does not affect at least 90% of the daily business of banks concerning mortgage loans and is only possible at a few banks. Overall, one can state that the score value between 95% and 99% does not make a difference, if you take this score value as a gauge for what it reflects at the banks (letters).

Are you the bogeyman with a new account?