An own house belongs for many firmly to the life planning. Finally, property has many advantages: No landlord dictates what is allowed and what is not, and there is no need to fear rent increases or the loss of one's own four walls.
On the contrary, those who own a house provide not only for themselves but also for their children. However, such a house is also an enormous financial burden, especially if it is to be newly built. So it takes smart home or construction financing to keep costs as moderate and predictable as possible. Providers such as Baufi24 have made it their business to support future homeowners in financing their own home. But which possibilities of the house financing are there actually? We provide you with a brief overview.
Home financing with and without capital
Hardly anyone has the cash to buy a house just like that. The usual way to the house is therefore through the bank to take out a loan there. This is then paid off over the long term, with the repayment amount consisting of the repayment installment (which depends on one's ability to pay) and the interest amount. The more equity that goes into it, the lower the interest rates will be in the process. In general, it makes sense to bring in as much equity as possible to reduce the amount and duration of repayments. But what if there is no equity?
Straight young borrowers had finally often not yet the possibility of putting aside much money. For such cases, there is the construction financing without equity, the so-called full financing. In this case, the bank assumes the entire price of the property and some of the ancillary acquisition costs, but also charges a higher interest rate in return. To get full financing, you need to have an appropriately high income – after all, the bank wants to make sure it gets its money.
To ensure that, according to advisors such as Baufi24, it is extremely advantageous to have at least a little money on the "high edge" to compensate for financial bottlenecks, if z.B. the car needs to be repaired or the job is lost.
Baufi24: Professional help in the search for suitable financing
So it turns out: the choice of home financing should be made thoughtfully. Personal budget and expected costs need to be narrowed down carefully. In addition, a look beyond the edge of the house bank is worthwhile, because often the optimal offer is found only when comparing the construction financing. Baufi24 offers its users a variety of useful construction financing calculators, with which a variety of important factors such as the budget, interest rates or repayment can be estimated more accurately. Comparing different deals is also possible. In addition, in addition to general information about construction financing and loans, you will also find constantly updated information about mortgage interest rates. If you want, you can even access free advice. Who needs help and orientation with the purchase of its first house, is here thus well advised.