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Future provisions for building society savings contracts: this is the financing plan
Future provisions for building society savings contracts: this is the financing plan

Video: Future provisions for building society savings contracts: this is the financing plan

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You finance real estate with a mix of equity, home savings and mortgage loans from Sparkasse.

requirement

You have to show 20-30 percent equity. Rule of thumb: The more you contribute to the financing, the lower your monthly mortgage burden.

Combine well

The next 20-30 percent of the financing is building society contracts that are ready for allocation. The savings phase is still running? An LBS pre-financing or bridging loan is bridged. Third building block of 40-60 percent: the mortgage loan.

Tip:

Interest and repayment shifts have an effect. With 5 percent interest and 1 percent repayment for 100, 000 euros in credit, a residual debt of 87, 060 euros remains after 10 years, 81, 100 euros, however, with 4.5 percent interest and 1.5 percent repayment. They will pay off 5, 960 euros more in 10 years. You are currently setting long loan terms and repaying more thanks to low interest rates.

Also read:

All about financing with the LBS

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In this post you read:

  • Future provision home loan savings contract
  • Expert advice
  • That is the financing plan

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