Which financing option to choose?

I would also not recommend a loan with deferred repayment, but an annuity loan with parallel saving of a home savings contract can be cheaper compared to a full repayment variant. It is definitely more flexible, as you are not tied to the burdens in case of difficulties.

The question is always what the consumer wants, whether they want 100% interest rate security without planning/can plan special repayments, then the full repayment variant can be wonderfully compared with the annuity loan with parallel saving of a home savings contract.

If one does not want 100% interest rate security and/or plans special repayments, the comparison becomes somewhat more difficult.

However, it is rarely possible to generally assess from afar which financing variant is the best; rather, it should be considered individually, and I always find it difficult to make general recommendations, as everyone has their own personal ideas of what the ideal real estate financing should look like.

But I always find it good, contrary to Zaba’s astonishment, if the consumer is offered all variants in order to individually decide which one is the most sensible.

Now this is starting up again, Thomas.

If the option with the [Bausparer] had been sensible, I would have written it already.

Zaba, with all due respect, really!

No one can judge that, the information available is far too little and the person behind the thread is not known either.

Maybe a question for understanding, are you now deciding what is most sensible for the consumer? I need to know, not that I make enemies here just because facts, data and figures are not the basis for how to assess something.

Guys, I need 300. The financial advisor, the friendly one, only with my best interests in mind, recommends 300 through Versicherung Volkswohl AG end of term and through Bausparkasse Glück im Grünen a 300 contract. For repayment. Great, two fat contracts, twice the big commission. He babbles it to me so that I even think it’s cheap. The advisor at the Sparkasse is now so cheeky and asks me if I don’t have about 40 of the 300 myself. Unbelievable, he considers equity sensible, even though today they sell Mallorca flights on credit without any money, and dishwashers for sure. Well, I have 40 myself. Ok, he says, we’ll give you 300 annuity, fixed for 15 years, full repayment. Phew, proud installment. Yes, but then debt free. I know now what I would do....

Guys, I need 300. The financial broker, the friendly one, only has my best interests in mind, recommends 300 through Versicherung Volkswohl AG as a bullet loan and a 300 contract through Bausparkasse Glück im Grünen. For repayment. Great, two fat contracts, twice the fat commission. He talks it up so much that I still think it’s cheap. The advisor at the Sparkasse is now so cheeky and asks me if I don’t have about 40 of the 300 myself. Unbelievable, he thinks equity capital makes sense, especially since nowadays even Mallorca flights are sold on credit without money, and dishwashers anyway. Well, I have 40 myself. Okay, he says, we’ll give you 300 annuity, fixed for 15 years, full repayment. Phew, steep rate. Yes, but then debt-free. I know now what I would do…

Good post, but seriously, some people here would actually know what to do, but why and on what do they base their knowledge? Another thing, as long as no suggestions (counterproposals) for financing come up, isn’t it pointless to discuss it, right? You absolutely cannot make general statements; there is no THE financing, and even Bausparen can, if used sensibly (including the choice of tariff from all providers), have a justification in financing. Not fundamentally, as Sparkassen, Volksbanken, and partly also the Commerzbank see it, but you should never completely exclude it, at least not entirely, and anyone who refrains from considering and getting to know the consumer individually can gladly question, make suggestions, urge, or point something out, but why is there constantly a position taken and acted as if there were only this one solution, as if one’s own opinion is fixed and universally valid?? I really don’t understand that, really don’t!

My statement is a hint to the OP to consider whether the 40 that his savings bank wants to see as equity might actually be reasonable, whether there might be a reason why he is only being offered such wild things and insurances in his financing, whether he might rather approach it more frugally and then conclude a serious annuity. The OP will have to answer these questions himself. Yes, I am extremely conservative when it comes to money matters, but I have always done well with it.