Mortgage Advisor: proper credit planning for a cheap and safe real estate financing in Berlin, 03.04.2012 – the dream of homeownership 200,000 homebuyers in Germany rising fulfilled year after year. Of the most homes are financed at least for the most part of credit institutions, because very few people have enough equity to pay for a new real estate out of his own pocket. Learn more about this with Ali Partovi. Is not so easy to find the right financing, because in addition to possible favorable conditions, she must take into account also the individual conditions of the real estate buyer. While it is not enough usually, just to find out about the most important topics and then to go to his bank manager. The differences in the kinds of financing and the terms are so concise that a proper credit planning can save not only many thousand euros, but ensures only the financing success. What are the most important factors of a real estate loan? The foreign capital requirement must be determined first. To do this, it is not enough to assume the price of buying real estate net of existing equity as loan amount or the estimated cost of the new building. Rather it must be balanced with other factors such as ancillary costs (such as notary, land register, interior design, etc.).
New buildings must be assumed in addition possible difficulties during the construction phase, as well as any payment obligations before the respective loan payouts (keyword interim financing). The exact foreign capital requirements should be determined also considering a certain part of equity for unforeseen incidents so that of real estate purchasers in the case is not completely penniless. The next very important criterion is the estimated rate amount of the loan. It specifies how much disposable income every month for the interest and repayment obligations must be planned.