Partial financing, full financing, follow-up financing

Partial financing, full financing, follow-up financing:
What is still possible with rising mortgage rates?

For the financing of one and the same property buyers must pay today significantly more than at the beginning of the year, because the financing rates have almost doubled. In addition it comes that banks consider due to the high inflation with the credit examination higher living and housing auxiliary costs lump sums, whereby the financing budget of the buyers sinks.

Before prospective buyers make however cutbacks with their search criteria, they should examine a few points. Because there are some adjusting screws, at which can be turned. In addition to an increase in equity, for example, through the parents, the reduction of the repayment and thus also the monthly installment represents a possibility. A further option can be the combination of the financing with an interest-safe building savings contract.

Also full financings are still possible, because banks make their financing decision above all dependent on the load-carrying capacity of the monthly load. Prerequisites for this are an exceedingly good income situation of the customer and a positive difference between monthly financing rate, net income as well as cost of living. However, the interest rate rises as soon as the equity ratio falls. In the currently rising interest rate environment, full financing is therefore more difficult for many customers.

Even owners who, for example, concluded a construction financing ten years ago and still owe the bank a residual amount, now require follow-up financing at the construction financing interest rate that applies now. The discrepancy between today's interest and that from 2012 is however to date still small, because also at that time the interest rates already amounted to between 2 per cent and 3 per cent. For current follow-up financings the present interest situation is thus not yet necessarily problematic.

To know all options exactly, it is in view of the volatile market surrounding field up-to-date all the more important to let accomplish by professional financing advisors early a financial feasibility examination as well as a comprehensive interest comparison of several lenders.

Are you on the search for a new home or a capital investment? Branch manager Ariane Gräfenstein and her team will be happy to advise you on all aspects of real estate brokerage. On request, the affiliated VON POLL FINANCE team offers optimal support in financing matters in conjunction with a best interest rate check from over 500 lenders.

You can reach the VON POLL IMMOBILIEN experts in location by calling 030 65 66 0 5000 or you can visit the store directly at Bölschestr. 106-107.