What is the interest rate lock period in construction financing?

Yes, ING is strange. For an old loan, I'm also at 1%, as I want to rent it out then. But I wouldn't have thought that they still allow that for new ones. And more than 30% equity is definitely a lot on average for all real estate financings. That's good, I'm glad you got that.

And more than 30% equity is definitely a lot on average for all real estate financing.

The rapidly rising land prices worked to our advantage.

;)

We said from the beginning that we don’t want to repay anymore. We won’t pay off the house anyway, so it doesn’t matter how much is left in the end. We don’t want to restrict ourselves now.

What does "in the end" mean? Fixed interest period? Retirement? Funeral ;)?

;)


What does "in the end" mean? Fixed interest period? Retirement? Funeral ;)?

I don’t know that yet. I hope it’s a funeral. Or you have to move again because you can no longer manage the house and garden.

Retirement is not the end, but the beginning. The beginning of free time.

I wouldn't have thought they'd still allow that for new ones.

Why not? Nothing is better for the bank than when the customer pays more interest than he actually repays. And if he wants to commit for 20 or 30 years right away...

I will probably take the following loan

both bank loans with 24 months interest-free provision period, as the construction will still take 2 years until handover

at 80%

120,000€ KFW with 0.95 interest rate, 30 years term, 10 years fixed interest, 18,000€ repayment subsidy

250,000€ bank with 0.90 interest rate, 10 years fixed interest, 2.5 repayment

at 20%

120,000€ KFW with 0.95 interest rate, 30 years term, 10 years fixed interest, 18,000€ repayment subsidy

250,000€ bank with 1.1 interest rate, 15 years fixed interest, 2.5 repayment