First and foremost: comparison is important. Every bank offers the best construction financing from. What the banks forget to say: they meant for themselves. The principle is identical, but there are very serious differences that the prospective buyer must take into account. Because not every real estate financing is actually recommendable.
But even before the financing there are various factors to consider. How high may be the sum of money for the house construction and which further possibilities are available to the prospective customer?
The Internet and its advantages – why the construction financing comparison is important
The Internet offers some advantages in the area of financial services. Especially when it comes to comparing different offers. When looking for construction financing for a property, one comes across various options. Many banks offer corresponding construction financing and promise to have the best offer. But the best offer for the bank does not mean that this is also the best offer for the prospective customer. Many construction financing lure with favorable interest rates – but have high additional fees.
When comparing, the customer should therefore not only pay attention to the interest rate. Important is the total burden after the redemption. This is the only way for the prospective customer to see whether the financing is favorable or not.
Portals like baufinanzierung.org offer a non-binding comparison of the offers. Here you can request a free comparison from an expert. For it some data suffice to the height of the loan, financing reason, purchase price etc.
Low interest rates do not mean a favorable loan
High processing fees (which are not always permissible), account management fees or other fees drive up financing costs. When comparing simply compare the passage "total credit" and determine whether the financing is actually favorable, or in the end will be expensive. Because favorable interest rates do not mean that the financing is favorable. On the other hand it is important that with the comparison also something is played.
How high should the construction financing be? How long should it last? Here the prospective customer receives different data and possibilities. Of course, it is advantageous if the customer at home – without stress and pressure – play through the different scenarios. In addition, the interests in advance – before the first conversation with the bank adviser – know what options are available.
Inform in advance
This means that the bank consultant does not score with any high interest rates or other "problems" with the customer. This has by the previous information gain very well an idea of the construction financing and knows what it comes down to. In construction financing, among other things, the sum is also important. With how much is calculated – how does the disbursement work and are different disbursements at different sums possible? Often a construction financing is a complicated calculation – and probably also somewhat more complicated than an ordinary loan. In the end, however, the construction financing can also be more favorable. For example, if funding commitments or other subsidies replace the costs and the real estate financing is not attacked.
The conclusion
Fact is: Only those who compare in advance, will find the right financing. There are dozens of offers and possibilities of a construction financing – the customer should not accept the first best offer. Only those who are familiar with the various conditions and options will be able to find the right financing for themselves in the end.
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