Best Technique For Mortgage Lending at Low-interest Rates
Mortgage lending
Whether you’re building a house, buying an apartment, or investing in real estate, mortgage lending is the biggest investment in life for most. That is why a strong financing partner is particularly important. We have therefore summarized all the important information on all aspects of mortgage lending at comdirect for you.
With real estate financing to the property
Whether building finance, real estate finance, building loan, building loan, or house loan – what is meant is always the same thing: the financing of the construction or purchase of a house or apartment. Hardly anyone can do such a project with their reserves alone. That is why most future property owners resort to a loan: In addition to your equity, you take out a loan that you repay the lender plus interest.
Our tip:
comdirect will find the financing offer for you that best suits your planning and your financial possibilities. That is why we also check for you whether you can use state subsidies from KfW, regional interest discounts, or free special repayment options for your construction loan. Combination models with building society contracts may also make sense for you.
Modernization loan: refurbish and renovate cheaply
Would you like to beautify your home with a new kitchen? Do you need to renovate the heating or the roof? The reasons for a modernization loan can be very different. The right loan also depends on the question of which renovation or refurbishment measure you are planning.
For a major modernization, classic real estate financing can make sense. In this case, you can benefit from low-interest rates. If you want to use all or most of the loan to increase energy efficiency or if you want to make your property barrier-free, you can use a loan from KfW. For smaller installations and conversions, the comdirect installment loan at fair interest rates can also be a good alternative. The comdirect financing experts will be happy to advise you on your individual project and find the right solution for you.
Follow-up financing: Building financing is taken one step further
Financing a home usually extends over many years. When you take out real estate financing, you agree on a fixed interest period, for example, 10 or 15 years. If the fixed interest period has been reached and there is still a residual debt, you have the choice: You can take out follow-up financing with your previous lender or you can switch lenders. It can be worthwhile to consider alternative financing offers. With a so-called forward loan, you can secure low-interest rates for your follow-up financing at an early stage. This also applies if your current home loan does not expire until the next 12 to 60 months. So it’s worth taking action early on.
Good to know: comdirect will also find the best offer for you when it comes to follow-up financing with a loan comparison. And if you need to switch lenders, rescheduling is easy. Because we support you with the formalities. (A prepayment penalty may apply.)
Cheap construction financing with a KfW subsidy
The state credit institute for reconstruction – KfW for short – supports the development of municipal infrastructure, housing construction, and the associated energy-saving technologies with various funding programs and grants. Private individuals can also benefit from KfW funding if, for example, they want to build an energy-efficient property or redesign an existing property in an energy-efficient manner. In addition, KfW supports renovation and modernization projects that promote age-appropriate living. As a rule, however, a KfW loan is only used for part of the construction financing and is therefore not given to the borrower, but to the financing partner. This will then pay you the funding amount.
Our tip: If you combine your financing for the construction, purchase, or renovation of a property with a cheap loan from KfW, you will often achieve noticeable interest savings. And some financing partners even offer you an interest discount of up to 0.25 percentage points for selected KfW programs.
Information and tips on mortgage lending
Mortgage lending often raises many questions among borrowers. We provide answers to important questions about your mortgage lending.
What can I afford with a home loan?
At the beginning of every mortgage loan, there should be an honest examination of your own finances. Get an overview of your income, expenses, and any reserves. Take into account not only your monthly expenses but also costs that arise annually, for example, the payment of insurance contributions. This gives you an initial overview of your financial flexibility and your reserves.
Plan interest on mortgage lending
In addition to an initial overview of your financial scope, far-sighted planning is also important. Therefore, try to adapt your real estate financing as optimally as possible to your life. Perhaps you would like to start a family soon or change your career in the medium term. Then you should structure your financing in such a way that you can afford the monthly installments for your home loan even with a lower income – for example through a loan with a long term of 15 or 20 years.
That means: you have agreed to a fixed interest rate for a certain period of time. You will then pay more interest overall, but the monthly installments are lower than with a short-term construction loan. If you want to get out of debt faster, however, a high repayment rate is beneficial.
Good to know:
Use our free mortgage calculator to precisely record your financial possibilities and to run through various financing options, interest rates, and any special repayments.
Mortgage lending without equity – is that possible?
In principle, it is advisable to bring a certain amount of equity into the mortgage loan. However, some banks also offer mortgage lending without equity. As a rule, however, above-average liquidity and/or a sufficiently secure and high income is required for this. Since mortgage lending without equity capital usually incurs significantly higher interest costs, this form is rarely recommended.
Good to know: In the case of construction financing without equity capital, a distinction is made between 100% and full financing (also called 110% financing). In the first case, the bank finances the full purchase price – with full financing, the ancillary purchase costs, such as real estate transfer tax or notary fees, are also financed.
Compare mortgage lending: A neutral comparison of offers saves money
When it comes to mortgage lending, there is a wealth of possible forms of financing and loan types. The many technical terms such as annuity loan, repayment, and fixed interest period are not immediately understandable for everyone. And the building rates on offer change almost daily. It is therefore often difficult for consumers to compare the offers from banks, savings banks, insurance companies, and building societies with one another. This is exactly why comdirect mortgage lending is there.
With comdirect, you benefit from an independent broker and advisor: We compare offers from over 400 financing partners for you. This gives you a good overview of the financing concepts that are the cheapest for you. Because even small interest rate advantages can mean great savings over the long term of your loan.
Free online live advice with your comdirect finance advisor
At comdirect you have a personal finance advisor who will check for you which loan best suits your financial possibilities and your life situation. Because it is important to us that your home loan has a solid foundation.
With our free online live consultation, you always have a full overview: During the phone call with your advisor, you can see various financing solutions and a comparison of the current building interest rates on your PC, and you can try out different variants – for example, the duration of the fixed interest rate or the amount the repayment. Together you then optimize your financing step by step until it fits your needs exactly. After the interview you will receive your personal financing offer. We will then prepare the financing application for you and support you in putting together all the necessary documents.
Our tip: Simply request your financing offer online and make an appointment for the online live consultation. Then all you need is a PC or laptop with an up-to-date browser and an Internet connection – you can start your mortgage with your financial advisor.
Best Technique For Mortgage Lending at Low-interest Rates
Mortgage lending
Whether you’re building a house, buying an apartment, or investing in real estate, mortgage lending is the biggest investment in life for most. That is why a strong financing partner is particularly important. We have therefore summarized all the important information on all aspects of mortgage lending at comdirect for you.
With real estate financing to the property
Whether building finance, real estate finance, building loan, building loan, or house loan – what is meant is always the same thing: the financing of the construction or purchase of a house or apartment. Hardly anyone can do such a project with their reserves alone. That is why most future property owners resort to a loan: In addition to your equity, you take out a loan that you repay the lender plus interest.
Our tip:
comdirect will find the financing offer for you that best suits your planning and your financial possibilities. That is why we also check for you whether you can use state subsidies from KfW, regional interest discounts, or free special repayment options for your construction loan. Combination models with building society contracts may also make sense for you.
Modernization loan: refurbish and renovate cheaply
Would you like to beautify your home with a new kitchen? Do you need to renovate the heating or the roof? The reasons for a modernization loan can be very different. The right loan also depends on the question of which renovation or refurbishment measure you are planning.
For a major modernization, classic real estate financing can make sense. In this case, you can benefit from low-interest rates. If you want to use all or most of the loan to increase energy efficiency or if you want to make your property barrier-free, you can use a loan from KfW. For smaller installations and conversions, the comdirect installment loan at fair interest rates can also be a good alternative. The comdirect financing experts will be happy to advise you on your individual project and find the right solution for you.
Follow-up financing: Building financing is taken one step further
Financing a home usually extends over many years. When you take out real estate financing, you agree on a fixed interest period, for example, 10 or 15 years. If the fixed interest period has been reached and there is still a residual debt, you have the choice: You can take out follow-up financing with your previous lender or you can switch lenders. It can be worthwhile to consider alternative financing offers. With a so-called forward loan, you can secure low-interest rates for your follow-up financing at an early stage. This also applies if your current home loan does not expire until the next 12 to 60 months. So it’s worth taking action early on.
Good to know: comdirect will also find the best offer for you when it comes to follow-up financing with a loan comparison. And if you need to switch lenders, rescheduling is easy. Because we support you with the formalities. (A prepayment penalty may apply.)
Cheap construction financing with a KfW subsidy
The state credit institute for reconstruction – KfW for short – supports the development of municipal infrastructure, housing construction, and the associated energy-saving technologies with various funding programs and grants. Private individuals can also benefit from KfW funding if, for example, they want to build an energy-efficient property or redesign an existing property in an energy-efficient manner. In addition, KfW supports renovation and modernization projects that promote age-appropriate living. As a rule, however, a KfW loan is only used for part of the construction financing and is therefore not given to the borrower, but to the financing partner. This will then pay you the funding amount.
Our tip: If you combine your financing for the construction, purchase, or renovation of a property with a cheap loan from KfW, you will often achieve noticeable interest savings. And some financing partners even offer you an interest discount of up to 0.25 percentage points for selected KfW programs.
Information and tips on mortgage lending
Mortgage lending often raises many questions among borrowers. We provide answers to important questions about your mortgage lending.
What can I afford with a home loan?
At the beginning of every mortgage loan, there should be an honest examination of your own finances. Get an overview of your income, expenses, and any reserves. Take into account not only your monthly expenses but also costs that arise annually, for example, the payment of insurance contributions. This gives you an initial overview of your financial flexibility and your reserves.
Plan interest on mortgage lending
In addition to an initial overview of your financial scope, far-sighted planning is also important. Therefore, try to adapt your real estate financing as optimally as possible to your life. Perhaps you would like to start a family soon or change your career in the medium term. Then you should structure your financing in such a way that you can afford the monthly installments for your home loan even with a lower income – for example through a loan with a long term of 15 or 20 years.
That means: you have agreed to a fixed interest rate for a certain period of time. You will then pay more interest overall, but the monthly installments are lower than with a short-term construction loan. If you want to get out of debt faster, however, a high repayment rate is beneficial.
Good to know:
Use our free mortgage calculator to precisely record your financial possibilities and to run through various financing options, interest rates, and any special repayments.
Mortgage lending without equity – is that possible?
In principle, it is advisable to bring a certain amount of equity into the mortgage loan. However, some banks also offer mortgage lending without equity. As a rule, however, above-average liquidity and/or a sufficiently secure and high income is required for this. Since mortgage lending without equity capital usually incurs significantly higher interest costs, this form is rarely recommended.
Good to know: In the case of construction financing without equity capital, a distinction is made between 100% and full financing (also called 110% financing). In the first case, the bank finances the full purchase price – with full financing, the ancillary purchase costs, such as real estate transfer tax or notary fees, are also financed.
Compare mortgage lending: A neutral comparison of offers saves money
When it comes to mortgage lending, there is a wealth of possible forms of financing and loan types. The many technical terms such as annuity loan, repayment, and fixed interest period are not immediately understandable for everyone. And the building rates on offer change almost daily. It is therefore often difficult for consumers to compare the offers from banks, savings banks, insurance companies, and building societies with one another. This is exactly why comdirect mortgage lending is there.
With comdirect, you benefit from an independent broker and advisor: We compare offers from over 400 financing partners for you. This gives you a good overview of the financing concepts that are the cheapest for you. Because even small interest rate advantages can mean great savings over the long term of your loan.
Free online live advice with your comdirect finance advisor
At comdirect you have a personal finance advisor who will check for you which loan best suits your financial possibilities and your life situation. Because it is important to us that your home loan has a solid foundation.
With our free online live consultation, you always have a full overview: During the phone call with your advisor, you can see various financing solutions and a comparison of the current building interest rates on your PC, and you can try out different variants – for example, the duration of the fixed interest rate or the amount the repayment. Together you then optimize your financing step by step until it fits your needs exactly. After the interview you will receive your personal financing offer. We will then prepare the financing application for you and support you in putting together all the necessary documents.
Our tip: Simply request your financing offer online and make an appointment for the online live consultation. Then all you need is a PC or laptop with an up-to-date browser and an Internet connection – you can start your mortgage with your financial advisor.
