Credit

Financing a condominium

If you want to buy an apartment in Berlin, you will be confronted with high real estate prices. However, the excellent lending situation and the unbeatable potential of Berlin real estate ensure that your investment will be a complete success despite the high prices. As already mentioned, most properties are not paid for out of equity. Instead, savings are used to cover part of the purchase price and to pay for the additional costs of buying an apartment. The apartment purchase calculator helps you to work out all the additional costs to be paid and the loan amount on the basis of a property purchase price.
Your estate agent is responsible for helping you find an apartment. He will present you with suitable listings, carry out appraisals and help you negotiate with owners. They will also give you valuable tips on taking out a loan when buying a home.

What documents are required to take out a loan?

If you are looking for the right bank and offer, there are several things you need to consider. In one of our magazine articles on real estate loans, for example, you can find out how to find the perfect bank for your real estate purchase. Many people tend to turn to their house bank for this. After all, you know the advisors at this bank, already have an account and have been able to build up trust over the past few years. However, other banks may have much better offers that allow you to finance your property much more cheaply. For this reason, we recommend that our customers compare several banks. When buying a home, you will need numerous documents for the bank. First of all, the bank will check your solvency. Depending on your profession and the property you already own, you may be offered personalized loan conditions. The property will also be checked. Its size, location and features must match the purchase price. The documents you need to submit depend on the bank.

What do you need to look out for with real estate loans?

Anyone thinking about buying their first property has hardly ever dealt with credit and loans. At first glance, the process of buying a home is very confusing and complex. However, with the right advice, you can quickly gain an overview.
The offers from banks initially look very promising. Banks have to pay interest on their capital if they do not put it into circulation. For this reason, it is worthwhile for banks to grant loans. However, if you want to take out a loan, you should not accept the offers made by banks, but seek individual advice. Because if you describe your financial situation and your life situation, the bank will tell you the real conditions of a loan. In addition to the amount of interest, the fixed interest rate and repayment installments also play a key role. For this reason, we recommend obtaining concrete offers from several banks and subjecting them to a direct comparison. You can find helpful tips on all aspects of construction financing in our magazine articles.

What state subsidies are available for real estate purchases?

The state subsidy for buying a home should not be underestimated in any way. We therefore dedicate an article in our magazine to this topic, in which we go into detail about the subsidies available to people who want to buy property. This plays an important role when financing a property. Sometimes you can take advantage of several subsidies at the same time and reduce the amount of your property loan as a result.