While your parents used to save many years to buy a property, more and more people are buying or building a house today – even if they have little or no financial reserves. We’ll tell you how you can get your own home now. Use the online comparison calculator free of charge and find the right real estate financing!
As a borrower, take advantage of the tougher competition in the real estate financing market: numerous new real estate financing providers have also increased the range of real estate financing offered, and existing banks have to act more flexibly in order to remain competitive in the competition . The monthly charge for a borrower is low with construction financing despite full financing, the interest level is favorable.
Until a few years ago, 20 to 30 percent of the purchase price had to be available as equity when buying a property. Nowadays it is possible to finance up to 117 percent through real estate financing. Real estate financing is therefore particularly recommended for those interested in buying or building who have so far saved little or no equity, but at the same time have a high and secure income.
A home savings contract is still the usual offer from a bank to a future homeowner, but a home savings contract is always accompanied by a demand for long savings. We do not recommend this, because the average seven-year savings period on a certain amount of equity means that favorable interest rates cannot be used. Real estate financing is also possible much earlier, namely now.
Insurance: Builders need real estate financing and builders’ liability
A builder’s liability insurance repels unjustified claims and settles justified claims for damages – and thereby protects some proud builders from financial ruin.
Building owner liability would apply, for example, if a skater fell on the sidewalk soiled by the construction site and a leg broke or children who were unauthorized on the building shell were injured by insufficient protection. In the event of personal injury, she pays treatment costs, loss of earnings, pain relief and, if necessary, a lifelong pension. The builder’s liability insurance applies until the completion of the insured construction project and without deductible, even minor claims for damages are covered by the insurance.
The client is insured, all employed contractors, architects and craftsmen as well as friends, relatives and friends who help with the construction. Remember, a builder not only needs good real estate financing, but also a builder’s liability insurance!
Our tip: The online interest calculator will find the best real estate financing for you in the shortest possible time!
Insurance: Baufi protection secures your real estate financing in the event of unemployment
Fear of unemployment is the most common reason why people choose not to buy property. Of course, this fear is justified in the face of high unemployment and bankruptcies, but any real estate financing can be protected by building protection, which takes over the monthly loan payments in the event of unemployment or inability to work on the part of the client , thus guaranteeing real estate financing.
An early decision is important here, Baufi protection can only be concluded in connection with construction financing. Once taken out, the insurance period is five years and then automatically extended for another year if the Baufi protection is not terminated with three months’ notice to the next expiry date.
Compare real estate financing – follow-up financing
If a loan from an existing building loan needs to be extended, a good follow-up loan can save a lot of money, often even amounts of several thousand dollars.
Follow-up financing with a forward loan: The word “forward” already says it – “preliminary run”. If your current fixed interest rate ends within the next twelve to sixty months, you can already take out a forward loan and benefit from the current interest rate level.
The forward loan is a classic annuity loan with special agreements. The special agreements state that you are already concluding the follow-up financing contract, but payment and installments will only be made at a later, contractually agreed time. A forward loan does not incur any additional costs.