Wohn Riester financing

  • Erstellt am 2011-05-07 19:59:47

fischaqua

2011-05-07 19:59:47
  • #1
Hello,

I would be interested to know if anyone has done this [Wohn Riester] financing and what they can tell me about it!?

Regards Matthias
 

JoS

2011-05-10 10:29:05
  • #2


Hello Matthias,

"Diese Wohn-Riester..." hmm, which one?
Two fundamentally different ones come to mind immediately.
1. Wohnriester loan, classic annuity loan; the subsidy flows as an additional repayment into the contract.
2. Riester advance loan; a combination of advance loan and home savings loan. Here your allowances initially flow as special savings payments into the linked Wohnriester home savings contract. The contract matures faster and your total costs decrease (significantly).

Attention: Not nearly all institutions offer this in the same way!
Questions? Gladly.
Regards
JoS
 

fischaqua

2011-05-10 20:52:32
  • #3
Hello JoS,

no idea which one! But the combo sounds better :-) !?
Do you know more details about it?

Regards Matthias
 

JoS

2011-05-11 09:18:50
  • #4


Of course :)

I still can’t give you a concrete recommendation at the moment because I simply don’t know your case and from my point of view financing should be like a tailored suit – meaning it must be specifically adapted to your project and your family. I don’t believe in standard recommendations that you sometimes read (in the sense of definitely KfW, or similar) because these recommendations OFTEN don’t fit the specific case.

Here are a few facts you need:
Purchase/build
how many employees in the family
civil servants?
net income each?
Children? How many, when born?
equity capital? How much of it will be used?
other loans?
max. possible mandatory burden?
What is most important to you in the financing?
monthly burden? / nominal interest rate / security (interest and total) / flexibility / term / total costs and so on...

So please don’t be mad if I now give you no concrete recommendation.:o

I understand if you don’t want to share all the above facts here. Feel free to send a PM as well.
Kind regards
JoS
 

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