Financing, credit and loans

Tips on financing, credit and loans for your property.

Tip. Learn for free in the guide with checklists. You can find more on the topic here: Real Estate Financing Guidebook.

Building

Different variants of hire purchase

You dream of owning your own four walls, but you lack equity capital, which is the prerequisite for favorable financing? In the following article, we will introduce you to an alternative to the classic real estate purchase. You will learn everything you need to know about hire purchase, how this model works and what advantages and disadvantages it entails.

Alternative to a real estate loan? To apply for real estate financing, you usually have to contribute 10 to 20 percent of the purchase price as equity. For the bank, existing capital reduces the risk; in addition, the ancillary costs are not co-financed and must be paid separately by you. Of course, there are also institutions that fully finance real estate. However, interest rates and requirements are significantly higher for full financing.

Building a house: Cost

Home Building – There are many questions when building a home. As real estate agents, we receive emails and phone calls from prospective home builders all the time: “How much does it cost to have a house built?”, “How much does a cheap house cost?” to more specific questions like “How long can you live in a prefab house (keyword substance)?”. – we have answers to your most important questions.

For most people, building a house means creating a home; for 35%, the focus is on self-fulfilment. The chart shows selected data on the topic of “building a house”.

Have a house built: Developer and new construction

New construction projects – The dream of owning your own home is closer than ever before. Favorable interest rates as well as a good offer at building plots and new building projects let the desire become true after the own four walls. In the Hessen and Rhineland-Palatinate are already many new building projects in the advanced building phase. Numerous new building plans are already in the starting blocks. Secure yourself a condominium or your own home at a low price.

Free-standing or in a row? All building forms have their advantages. The terraced house convinces with a particularly favourable price per square metre, the detached single or multi-family house with plenty of garden and scope for new ideas. If you are looking for a condominium, we have numerous very attractive new construction projects on offer. Close to the city, in the city centre or in the suburbs – we will find the right apartment for you.

Buying a house: Cost

The dream of owning your own home, living independently within your own four walls, being able to design everything yourself and furnish it according to your individual wishes. But with this wishful thinking it is far from being done, because there is much more to buying a house. There is a long way to the goal of being able to lean back, relax and enjoy life in your own garden. To make this as easy as possible, here are the best tips & tricks, what you should pay attention to when buying a house, and what pitfalls you can avoid.

Financial planning, brokers, commission, loans and ancillary costs

When first thinking about buying real estate, many questions immediately arise. What is the best way to proceed? Do I need a real estate agent or should I search on my own? How big should the house be, how many square meters and rooms does it need? In which area do I search and above all how much budget do I need? We will now get to the bottom of all these questions.

Funding

Building savings explained

The decision to save with a building society is a long-term and well thought-out consideration. In addition to comparing different tariffs and building societies, other things should be taken into account. A building savings contract is usually aimed at a smaller sum and is only intended to supplement the actual real estate financing. You can find out everything you need to know about building savings now in our big guide to building savings!

Every building society consists of different phases. In most cases, there are three different phases that have to be passed through. First, a certain amount is saved, then the loan is allocated and finally repaid. But how exactly do these phases work and which key figures have to be determined during the respective phases?

Building money: 9 tips for financing

After you have decided to buy your dream property, the question of the right financing comes up. Here you should inform yourself about all the options, because you will have to live with the decision about financing for the next few years. So think over your decision well and consider the following tips.

In order to approach a successful financing and also really find the best for you, you should consider some points. Especially for the inexperienced, it is a big step to go into debt, so you should be especially sure that you find the right offer. The following tips will help you approach financing the right way and pay attention to everything. You can find a list of all the costs that you will have to pay here:

  • Building money tips

Land charge

The book mortgage is a common means of underpinning a borrower’s creditworthiness and is used to secure a loan.

  • Land charge

Mortgage Bank

Hypothekenbank is an obsolete name for a Pfandbrief bank since 2005. In purely legal terms, mortgage banks are Pfandbrief banks. However, some mortgage banks were allowed to keep their name. Pfandbrief banks are credit institutions whose banking business is to acquire mortgages, pool these mortgage Pfandbriefe and place them on the capital market.

  • Mortgage Bank

Sell property: Credit?

Current loans.

Divorce: What happens to my property

Those who decide to get married and marry, in most cases, intend to spend life with their spouse forever and share everything that belongs to them. When getting married, no one thinks about the fact that there will eventually be a divorce and possibly even a dispute over belongings. But in 2017, the divorce rate in Germany was over 36 percent, which shows that unfortunately not all marriages last forever. Often cheating, daily life including routine or even financial problems are the reasons for divorce.

When a divorce leads to a home sale, you should be well informed. Are you in the process of a divorce or would you like to file for one? Ideally, you have the opportunity to talk reasonably and objectively about the separation with the partner to be divorced? Then the question now becomes: who owns what? If you own a joint property such as a house, you should now ask yourself: who owns the house and how can this be divided after the divorce?

Tip. Learn for free in the guide with checklists. You can find more on the topic here: Real Estate Financing Guidebook.