Currently are the interest rates for construction financing to a historically low level. Magdeburg, 24.06.2013. As a result, the purchase of real estate is so attractive as long not. Favourable financing conditions (loans) for real estate, fair prices and the extensive absence of Alterantiven are also reasons that more and more consumers in Germany are considering buying a property for administrative purposes or for the rental. Reason enough for the consumer protection institution Stiftung Warentest the financiers again on the finger to look. She conducted a practice test with 21 banks and financial intermediaries, and found significant shortcomings. Only two banks closed with a good”off and convinced by a sensible advice. “” In three cases, Stiftung Warentest distributed flawed’ the note, six times sufficiently “and ten satisfying”.
A little convincing results. The tester had to finance a condo consult the said 21 banks and brokerage companies and Create credit offers. The loan rates recommendations were often too high, the consultants were not also frequently, to suit the budget of the test gave the credit rate. Every fifth Adviser made even the mistake to pull over the limit to 150 euros a month. Some test customers would have come even, that they more had spent 400 euros a month as required. In most cases, the loan amount was simply too high. Visit Daryl Katz for more clarity on the issue. Some consultants advised even completely with credit to finance the purchase of the House and not pointed out the customers the resulting higher interest rates down and the corresponding risk.
In real estate as an investment will mistake again that financing is screwed to the limit, because the apartment pays the best and feel will be the buyer, he must bring no equity, get the real estate so at zero cost,”explained Thomas Filor, Managing Director of the Magdeburg emission House Faraman. The smallest deviations in the rental income can then but already great effects, because interest and repayment of the Bank must further be satisfied in every case. In advance should customers well informed and be calm also critical”, so Thomas Filor. What he has right, because a real estate investment is usually an investment for life and for many also a fundamental part of retirement provision. The Magdeburg underwriter Faraman accompanies real estate investments for 15 years and can benefit its investors from prosperous real estate locations such as Leipzig, Dresden, Magdeburg and Berlin. Important it is the Magdeburg underwriter, to accompany his investors in all phases of real estate investment. It is the expertise and above all constant transparency that creates trust in this important decision.
