The mortgage must be accepted for almost every conceivable house construction. The costs are enormous, the own funds not even begin to rich out to the construction fund.
The mortgage must be accepted for almost every conceivable house construction. The cost is enormous, the own financial resources are not even enough to finance the construction of houses. Then a mortgage financing becomes inevitable. However, in this case, interest must be paid especially to the mortgage loans. The mortgage loan interest varies depending on the bank, but sometimes considerably, which is why a comprehensive comparison of the mortgage loan interest is inevitable. Also, mortgage lending should be built on different pillars to allow for lower costs.
In the first place stands the equity. The higher this is, the lower the loan may turn out, which will automatically lower the mortgage loan interest rates. As a rule, banks grant interest-free mortgage loans if the loan amount is not more than 60 percent of the mortgage lending value. Up to this amount a first-rate can not mortgage the land register are entered, making it once again possible for the bank in the event of foreclosure is served first. This allows them to grant cheaper mortgage loans interest in this case.
However, most builders will be able to raise at most 20 to 30 percent of their capital from their own resources. Then, the mortgage loan interest rates can be lowered even further, if alternative loans are used. These include in particular home savings loans, which are characterized by very low mortgage interest rates. The prerequisite for this, however, is that there is a Bauspar contract that is ready for rationing. He should therefore be completed on time.
Furthermore, the mortgage loan interest rates can be reduced when a loan from bank is taken. These are state-subsidized loans that are offered at particularly low mortgage interest rates. Prerequisite here is that the loan is applied for before the house construction or purchase. The application to bank is usually made via the company’s own bank. It can also provide advice on which combinations of mortgage lending incur the lowest mortgage loan interest.
Also, many home builders rely on a mortgage loan interest rate comparison on the internet. This gives very good information about the approximate mortgage loan interest rates. However, these are calculated by the banks very individually, so that the personal requirements of the borrower must be taken into account. The better the credit rating, the lower the mortgage interest rates. However, this also means that the mortgage loan interest comparison on the internet can not have any concrete but only approximate cost of the loan. In this respect, one should never rely 100 per cent on a mortgage loan interest comparison on the Internet, but rather view this as a first opportunity to obtain information, but not as a basis for decision to take a loan.