What interest rate do you pay on your construction financing?

2016-01-17 10:46:31

The best offer we actually received was from a local savings bank: 20 years at 1.87% effective.

But then fully amortizing, right?

2016-01-17 10:51:31

We got KfW at 0.75% and the main loan at 1.25%, ...

Wow - I want that too. Dream.

In the end, you should also close the topic and be satisfied

That's how it is. You have closed it and can't change it afterwards anyway. Even though interest rates have sometimes dropped significantly since the completion - I am happy that I still financed better than 80% of the other construction loans. My sister had an interest rate of about 7-8% around 2000 and still 5% at the renewal in 2010. Everything is always relative.

2016-01-18 10:11:13

No, not fully amortizing. 3.5% repayment, freely adjustable between 3.5% and 5.5% – anytime free of charge and as often as we want

2016-01-18 10:51:10

Wow - I want that too. Dream.

That's how it is. You have signed the contract and can't change it afterwards anyway. Even though interest rates have sometimes dropped significantly since the contract was signed - I am happy that I still financed better than 80% of other mortgages. My sister had an interest rate of about 7-8% around 2000 and still 5% at the extension in 2010. Everything should always be seen in context.

Better think of those who had to struggle with over 10% 25 years ago. Sure, everyone wants it as cheap as possible, but would you rather go to an online bank to save a few hundredths???

2016-01-18 21:38:36

Better think about those who had to struggle with over 10% 25 years ago.

Savings interest? Federal savings bonds were something around 8% when I first heard about them ... You could really save up equity back then, everything was better in the past :P

2016-01-18 22:29:13

Better think about those who had to struggle with over 10% 25 years ago. Surely people want it as cheap as possible, but rather go to an online bank to save a few hundredths???

Hm - I am just wondering whether you agree with my post or are arguing against it. Although you actually can’t argue against it, since we are making similar statements.

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What interest rate do you pay on your construction financing?

MaJu2016

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Peanuts74

Bieber0815

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