What is the interest rate lock period in construction financing?

  • Erstellt am 2021-03-03 15:27:05

Tolentino

2021-03-10 15:54:43
  • #1
Banks nowadays no longer accept less than 2% and even then, not all of them.
 

motorradsilke

2021-03-10 16:32:42
  • #2
That is not true. We have just agreed on 2%, but can also go down to 1%.
 

Tolentino

2021-03-10 16:43:00
  • #3
Weird bank. Do you have a lot of equity/income?
 

motorradsilke

2021-03-10 16:45:07
  • #4
The strange bank is ING. What is a lot? From construction costs + incidental costs + land, a generous third through the land and some equity.
 

motorradsilke

2021-03-10 16:48:43
  • #5
However, we have said from the beginning that we do not want to repay anymore. We will not pay off the house anyway, and it does not matter how much is left in the end. We do not want to restrict ourselves now.
 

Zaba12

2021-03-10 16:50:49
  • #6
Would have guessed the strange ING :-)
 

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