Home financing – loans for house construction and house purchase
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Who wants to buy or build a house that is almost always include the question of how he can make his request. Here then comes the home financing in the game and it is important to look out for low-interest loans for home construction and home purchase. This has now also the journal “financial test” and have found the best long-term construction loans with low interest rates.
Home financing: the best loan deals with long term low interest rates
“In the home financing with a maturity of approximately 20 years Building societies hit with combined loans of each bank offer, the magazine identified financial test in its April issue. For the 150,000-euro loan in the model case, the LBS Rheinland Pfalz required by the Riester-variant in early February only an effective interest rate of 3.87 percent. The best traditional Riester loans with fixed interest rate offered comparable Allianz, at an actual rate of 4.46 percent. Who uses for the building society or bank offering the Riester-saving variant can, by utilizing state allowances and tax benefits. The study has financial test, the rates for housing loans from 89 banks, building societies, insurance companies and brokerage companies.
Some building societies offer loans to their Riester combination even at preferential interest rates. The LBS Rheinland-Pfalz awards the Riester-interest loan with a discount of just 0.3 percentage points. Combination loans are a combination of a savings agreement and a loan. The interest is defined in the rule for the entire term. The top offers the building societies are only for borrowers in question have a sufficient level of equity of 20 to 30 percent of total financing.
Who wants to finance his home purchase with a bank loan and a KfW promotional loan does also a good idea to compare the offers carefully. In the event of a financial model test of the interest differential was a bank loan of 180,000 € and a maturity of 15 years between the cheapest and most expensive providers in around 36,000 €. And the loan with flexible exchange rates with the same bank loan and a 10-year fixed interest rate for interest-rate difference was the financial test model case between cheapest and most expensive providers 13,000 €.
The detailed test home financing is published in the April issue of financial reviews and online. “
