Favorable follow-up financing to the real estate loan?

You can choose between three different financing options for follow-up financing. Experts will check the best conditions for you and advise you in detail on the forward loan, the prolongation and the rescheduling of the real estate loan. Which follow-up financing is suitable for you depends on various factors and requires optimal planning.

The most frequent questions in consultations

• How high are the interest rates for follow-up financing?
• How does the follow-up financing work?
• What does follow-up financing cost?
• When can you do a follow-on financing?

Roughly speaking, the following applies to follow-up financing (rule of thumb)

If the new interest rate is at least 0.2% below the previous one, the debt restructuring is worthwhile.

What do I have to consider?

• Early start of planning
• Save equity capital
• Check offers thoroughly
• Negotiate with your bank advisor
• Tip. Not only interest rates, also pay attention to the ancillary conditions
• Set monthly installments
• Optimize them so that you make all repayments safely, regularly
• If possible, make additional special repayments
• Tip. Also use your special termination option

After 10 years, you can reschedule and make use of your special termination right, more on this in a moment, after the tips the next bank appointment.

Real estate financing: How the bank thinks – Video Tip

The following two videos give good insights into the mindset of banks with “Internals on Lending” and “How to Prepare for a Bank Appointment”.

Video: Internals on lending

For more information, check out this video by Alex Fischer:

Video: How to prepare for the bank appointment

Follow-up financing before expiry of the fixed borrowing rate

Would you like to refinance earlier due to an older and high-interest property financing and not wait until the fixed interest rate expires?

After 10 years, you can reschedule and make use of your special termination right without your desire for a cheaper loan for your property being accompanied by an early repayment penalty for the bank. In terms of follow-up financing, low interest rates are the first choice of our customers. Keep in mind that a low interest rate alone is not enough if the terms and conditions elsewhere do not suit you. We will find your personal follow-up financing and make you an offer that suits you in its entirety.

Compare the advantages of individual follow-up financing

Identifying the best terms on an offer requires a lot of know-how and core expertise in evaluating follow-up loans. Your lender will take this task off your hands and recommend a loan that matches your desire for follow-up financing in terms of its orientation and contractual basis.

Each lender’s condition offer is unique and tailored to your needs.

There is no blanket, for every property owner equally suitable follow-up financing with primary advantage. First and foremost, it depends on the right choice of loan and on the conditions and terms of flexibility that suit you.

Calculator: rate, repayment rate, residual debt

What will your planned construction financing cost you? But much more important in everyday life, how high will your monthly burden be and what happens if the repayment rate changes later? How high will the remaining debt be at the end of the fixed interest rate? Many questions, this rate calculator gives you all the important answers to rate, repayment rate and residual debt.

• Rate calculator

Der Beitrag Follow-up financing: Favorable real estate loan, interest, forecast & full repayment + calculator erschien zuerst auf ℄ Real Estates.

Budget calculator: possibilities

Now it is hardly possible to plan a period of up to 25 years in advance with any certainty. There are many life events that can occur unexpectedly and upset the planning. Nevertheless, solid financing is possible if you do not overstretch yourself with the loan and allow for a buffer. Equity also plays a very important role in the budget. In addition, there are life events that can definitely be planned for. These include professional qualifications or the birth of a child. Include these areas of life in your planning. A budget calculator is helpful if you want to bring order into your finances. If the calculator determines a possible loan amount, you should not overdraw it. Only then will you have a good chance of completing your financing safely over the course of years or decades.

Use budget calculator correctly

The budget calculator uses your income to determine the value that remains each month after deducting all costs. You enter your earnings and subtract all running costs and fees. If you want to get an authentic result, it is important that you enter all items realistically. It won’t help you if you gloss over your income or deliberately keep costs low. Rather, the opposite should be true. Calculate very generously by rounding up all items. Then build in a buffer. 25 percent is realistic. Also, keep in mind that as a homeowner, you need to build reserves. Costs incurred for repairs will have to be borne by you alone. A monthly savings rate should therefore also be included in the budget.

Allow for buffers

The buffer serves to secure the rates if an unforeseen life situation should occur. This could be an illness or unemployment. You can’t plan for these things, but you can’t rule them out either. If you have or want to start a family and are planning to build a house or buy a property, taking out term life insurance is very important. If one partner passes away at an early age, you will get paid the sum insured. Ideally, this should be high enough to repay the bank loan and any development loan taken out. This makes it possible for the surviving spouse to keep the house. Once you have entered all the expenses, you will be left with a monthly amount. You can use this for the construction financing.

Determine construction financing with the help of the budget calculator

The amount that you can invest in your construction financing after deducting all costs is the same as the monthly rate with which you service the loan. However, it is a prerequisite that you have also entered the ancillary costs for maintaining the house. These include the costs for the energy suppliers, property tax, waste charges and fees for the chimney sweep.

Use a loan calculator to determine a loan amount from the remaining amount. Use the calculator by entering the open amount determined by the budget calculator as a monthly rate. Research the current interest rates and fees for taking out a home loan and enter the values accordingly. You will be shown an amount that you can use for construction financing. Then find out what kind of property you can buy or build for that amount.

Calculator at a glance

Calculator – Exact planning of the construction financing

Calculators are necessary in relation to construction financing to accurately determine the cost of buying or renovating a property. A calculator is also used to determine the cost of the loan. The credit costs are composed of the interest and the repayment portion for the current loan amount. The interest plays an important role. Since the term of a real estate loan is usually ten years, the interest payment is spread over a long period. If an offer from a bank is only half a percentage point cheaper in their interest, you can already save several hundred euros a year. This is also due to the high loan amounts, which for most construction financing a six-digit amount. Before taking out a loan, an individual consultation is important. Often the construction financing consists of several pillars and not just a single loan. A building savings contract, equity capital and development loans come before taking out the classic bank loan. The reason for this is that these financings are significantly cheaper than the bank loan in terms of their costs. The calculator helps you to divide the financing into different elements and thus determine the costs with certainty.

• Learn more about the calculator.

Offer comparison calculator – advice & options

The offer comparison calculator is an important tool when it comes to choosing a partner for taking out construction financing. Many builders are dependent on taking out a classic loan at a bank or savings bank, because the funds from the equity, a building savings contract and a subsidized loan are not enough. Although the comparison possibilities of the indication by the Internet are very simple and transparent, many owners trust only in the offer of their house bank.

• Learn more about the quote comparison calculator.

Interest calculator – Construction financing

The interest rates are a very large item in a construction financing. It is recommended that you compare the various offers and conditions well in advance. In this way, you will find out which construction financing is particularly favorable. Since the interest is a very large part of the monthly loan payment, especially in the first years of real estate financing, it is important that you try to save costs.

• Learn more about the interest calculator.

Purchase additional costs calculator – Relaxed to the house possession

The ancillary purchase costs are very often neglected in the context of construction financing. At the latest during the financing discussion and the discussion of the financing offers, the ancillary costs are then put on the table. Many builders and real estate buyers calculate only with the price for the construction of the house and the outbuildings and the design of the garden. However, depending on the size, location and features of the property, the service charges can account for quite a large percentage. Often a five-figure sum comes together, which is due with the move into the house.

• Learn more about the ancillary purchase cost calculator.

Der Beitrag Budget Calculator – Equity & Income erschien zuerst auf ℄ Real Estates.