Business , Finance , Investment

The topic construction financing is only difficult very extensively and therefore for laymen to check up. The different offerers have different achievements, also the kinds of loan differ substantially.
The probably usually used kind of loan is the annuity loan. Here the customer with its bank agrees upon a firm interest rate and a rate, the annuity. This rate contains both interest and repayment. The further the repayment progresses, the load from the interest is the lower.
The amount of interest for a certain running time, usually are fixed this 10 or 15 years. At expiration of this time the interest must again be specified to usual market conditions. Straight ones today are still comparatively low the interest, even if the interest increases already progressed. Nevertheless it is worthwhile itself to use to time a rather long-term interest fixing.

The interest with annuity loans depends on different factors. These are the general zinsniveau and the interest policy of the European central bank, in addition, things like the personal soil quality and the value of the real estate are decisive.
In order to determine the soil quality of a customer, different data are consulted. Thus for this beside the income data also data are needed for the employer whether an unlimited or limited work contract is present and like for a long time the occupation persists already. Customers, who are busy over years with their employer, employees in the public service or officials can usually achieve a good soil quality.
The value of a real estate is determined on the basis by land register data and regional occurences. For this each bank editor has tables, as are to be set much per square meter floor space or per cubic meter for umbautem area. The value determined from this is at the same time the loan to value ratio. The loans are most favorable, if the height of the loan does not exceed 60% of the loan to value ratio. The risk of the bank with inability to pay of the credit debtor is small in this case, because by an auction of the object the loan amount can be attained. The thereby small risk costs pass the banks on to the customers.