EN | GA
Financing a house or apartment with a mortgage
–
Find your new home at an affordable price with fluxcreidi.com!
Financing a house or apartment with a mortgage
150 000 € Immediate loan
120 months Fad
1 380 € monthly payment

Fixed nominal interest rate of 2% for the entire loan term. Effective annual interest rate: 2%. Net loan amount: EUR 2,000 to 200,000. Loan duration: 6 to 120 months. Example: Fixed nominal interest rate of 2% for the entire loan term. Effective annual interest rate: 2%. Net loan amount: EUR 25,000. Loan duration: 72 months. Monthly payment: EUR 369. Total interest: EUR 1,568. Total payment: EUR 26,568.

FREE loan application
PROFESSIONAL Advice
Reliable service

Real estate mortgages: The most important elements at a glance

Real estate mortgages: The most important elements at a glance

  • A mortgage helps you finance your own home . You can use the loan to build or buy a house or to buy an apartment .
  • We offer financial loans for real estate from EUR 50,000 to EUR 300,000. The loan amount can exceed the loan-to-value ratio by up to EUR 50,000.
  • fluxcreidi.com also offers mortgages without the need for ownership , so you too can fully finance your dream home.
  • Even with a negative Schufa history, you don't have to give up on real estate financing. Thanks to our good relationships with partner banks, we can help you get a mortgage despite Schufa, even in difficult times.
  • Use the free loan comparison at fluxcreidi.com and get the best mortgage conditions for your property - guaranteed without any deposit.
"Hi! I'm Fabian Krüger and I'm a financial expert at fluxcreidi.com. I'm glad you chose Fluxcreidi to apply for a personal and affordable mortgage."

Compared to many other types of loans, a mortgage for a property is a complicated thing, but you shouldn't worry about that! Below, I explain everything you need to know step by step if you want to finance a property with a loan .

Fabian Kruger

Financial expert , fluxcreidi.com

  • A mortgage helps you finance your own home . You can use the loan to build or buy a house or to buy an apartment .
  • We offer financial loans for real estate from EUR 50,000 to EUR 300,000. The loan amount can exceed the loan-to-value ratio by up to EUR 50,000.
  • fluxcreidi.com also offers mortgages without the need for equity . So you can finance your dream home in full.
  • Even with a negative Schufa account, you don't have to give up on mortgage financing. Thanks to good relationships with partner banks, we can help you get a mortgage despite a negative Schufa account, even in difficult times.
  • Use the free loan comparison from fluxcreidi.com and secure the best mortgage conditions - guaranteed and without initial costs.
"Hello! My name is Fabian Krüger and I am a financial advisor at fluxcreidi.com. I am glad that you have decided to choose Fluxcreidi and arrange a personal and affordable mortgage loan."

Compared to many other forms of credit, real estate credit is a relatively complex loan, but that shouldn't worry you! In the following text, I will explain step by step everything you need to know if you want to finance real estate with a loan .

Fabian Kruger

Financial expert , fluxcreidi.com

Apply for a favorable mortgage now!
Search now!

Content

Contents

 

What is a real estate mortgage?

A real estate loan is also known as real estate financing , construction loan, or construction loan . A real estate loan is a loan that is used specifically to finance real estate.

Whether it's a new build or the purchase of a house or apartment, only a handful of people have the financial means to purchase a property with their own capital. That's why mortgages have always been one of the most important support tools for moving into their own home.

When you take out a mortgage, the interest rate is fixed for a long period of time. This is called a fixed rate . This gives you a good amount of security to plan for many years and not let rising interest rates fool you.

The loan is secured by real estate , so banks are willing to offer much lower interest rates. However, if the borrower is unable to repay the interest, the lending bank can sell the property and thereby repay the outstanding debt.

REAL ESTATE FINANCING

What can I finance with a mortgage?

If you want to build a house, you can use a construction loan to finance both the construction and land costs. You can also use a mortgage to pay for the external elements that are part of your new home. This could be paving stones, landscaping or a garage. Therefore, you should include these costs in your loan calculation.

If you are buying a house that has already been built, the purchase price can of course also be covered by property finance. If it is an older house, renovations are usually necessary. A mortgage can also help cover the costs of renovations and improvements.

  • House construction
  • Relevant property and external facilities
  • New building
  • Old building
  • renovation
  • Restoration

Required documents for a real estate mortgage

In addition to the standard documents for a regular installment loan, such as proof of salary or pension, you will need additional documents related to the property. Each bank requires different documents, so they may vary depending on the lender and the purchase or construction project.

However, we at fluxcreidi.com will inform you about the documents you need to submit for a mortgage offer. This may include the following:

  • Purchase agreement
  • Construction plan
  • Floor plan
  • Calculate living space
  • Calculation of usable area
  • Description of the building
  • Overview of construction costs
  • Construction insurance or building insurance
  • Personal contribution
  • Calculate additional living expenses
  • Cost estimate for construction and reconstruction measures

A real estate loan application is in progress.

Mortgage repayment: detailed instructions

Determine the amount of your construction loan: The amount of a real estate loan is determined
based on the purchase price or construction costs. Don’t forget the additional acquisition costs, which can easily reach ten percent or more of the purchase price. Depending on the state, the amount of property transfer tax, notary fees and any brokerage fees vary. You should always take these costs into account. To ultimately determine the amount of your construction loan, subtract your equity from the total costs.
Calculating your monthly mortgage payment:
Your monthly mortgage payment depends on the loan amount and the repayment period. The longer the repayment period, the lower your monthly payment. To find out how affordable your payment is, it's a good idea to create a budget. Compare your income and expenses and find out how much money you have available. Calculate a reserve to cover unexpected expenses.
Free mortgage application:
Once you have determined the loan amount and monthly payment, you can submit a free and non-binding mortgage application to us. Within a few minutes, you will enter all the necessary information into the online form. We will then immediately contact our partner bank and find you the best and most affordable loan offer.
Mortgage application:
You will usually receive an offer with the best mortgage terms within 24 hours. You will receive the offer in writing by email to speed up the process. This offer is non-binding, guaranteed and has no upfront costs. You can then view the loan offer at any time and see the advantageous terms for yourself.
Receive your mortgage payment:
If you have decided to finance your mortgage, you can send us your signed loan agreement and the necessary documents. You can usually scan or take a photo of the documents and send them to us by email. You can also send the documents to us by post or fax. The bank will then carry out a final check before making the payment. The mortgage payment is then made quickly – often within one day – so you can secure your dream home.

Mortgage tips: How to improve your conditions!

"Interest rates on construction loans are currently lower than ever. So, take advantage of the opportunity and take advantage now, even though property prices are currently quite high. Property is considered a good investment for retirement and after repaying the loan you only have to pay maintenance costs. Even if you are not sure if you really want to use a mortgage, you can apply for a loan at fluxcreidi.com."

Since the construction loan offer is customized to your needs with no upfront costs, you are taking on no risk . The interest rate trend is still favorable for borrowers in 2019 , so you still have time to consider such a long-term decision. Since mortgage loans involve high amounts, you can significantly reduce your financial burden with the following tips for real estate financing:

Main conditions for favorable conditions

The purchase or construction price determines the amount of the mortgage on a property. However, the maturity period can have a significant impact on the monthly payment. Therefore, use the individual adjustment on the maturity period to keep the payment as low as possible. The longer the maturity period you choose, the lower the monthly payment. At fluxcreidi.com you can choose a maturity period between 12 and 120 months. Since mortgages on property involve very high amounts, it makes sense to choose a long-term payment.
We usually arrange a free special repayment for you with our partner banks. This means that you have the opportunity to put excess capital into repayment. If you want to enjoy additional income, for example from a salary increase and the like, you can use it thanks to the free special repayment option for repaying real estate loans. The total credit costs are reduced.
As a builder or real estate buyer, it is wise to contribute equity. This reduces the risk for both the lender and the borrower. The banks are ready to offer better conditions with a higher equity capital. The following values ​​can be used as equity, for example:

  • Savings and cash balances
  • Payout from life insurance
  • Building plot

Equity capital is not absolutely necessary. Even if you don't have any equity capital, you don't have to worry about obtaining real estate financing at fluxcreidi.com.

If you want to build a house, you can improve the conditions by adding your own labor. The labor you put in during the construction process can also add equity. This includes, for example, the following:

  • Painting and wallpaper work
  • Carpet installation
  • Laminate or parquet flooring
  • Gardening and paving work

However, you should only claim as your own contribution the work that you can actually do. As an unskilled craftsman who does the work himself, you can contribute up to 15% of the financing amount as your own contribution if you do a large part of the work yourself. However, banks usually limit this amount to 30,000 euros. Skilled craftsmen also have more flexibility in this regard.

You can get government subsidies for both buying and building a house. You should first contact your local municipality or city to find out what services are available. These may vary from region to region. Government subsidies are also available through KfW (Kreditanstalt für Wiederaufbau). If you have children and meet the conditions, you can apply for a house extension for the purpose of building a house. This opens up the following financing options:

  • Delivery from the city/demo
  • Program 153: energy-efficient construction from KfW for housing construction
  • Program 124: Private ownership program by KfW for the purchase of housing or apartments
  • Child benefit for and and and

You have the best chance of finding a good mortgage if you compare different offers. However, due to the large number of lenders, this can be difficult. We at fluxcreidi.com are the ideal partner because we compare offers for you free of charge. Simply fill in your loan application using our online form and we will take care of the rest - guaranteed without a deposit and without any obligations. We will give you a personal offer with the best conditions and you only have to decide whether you want to accept it. This makes finding the most affordable mortgage as simple and straightforward as possible.

PROPERTY LOAN FROM SCHUFA

Is it possible to get a mortgage with or without Schufa?

fluxcreidi.com is committed to being there for you even in difficult times. If your bank does not approve your loan application due to a low Schufa score, you do not have to give up on real estate financing. Thanks to our cooperation with partner banks, we can provide you with real estate financing even if you have a low Schufa score.
We will check whether you meet the conditions for receiving a real estate loan despite a low Schufa score .

If this is not possible, we will try to get you a loan without a Schufa check so that you don't have to give up your dream of owning your own property. So don't hesitate to submit a free and non-binding loan application at fluxcreidi.com.

what is it

Is it possible to get a real estate loan without equity?

A real estate mortgage is usually tied to a portion of the equity to buy or build your dream home. Depending on the purchase price, the equity portion is estimated to be between 10 and 30 percent. However, at fluxcreidi.com you can buy your own home with no equity . This type of real estate financing is also called full financing .

However, lack of equity can affect the conditions. However, you should not miss the free loan application at fluxcreidi.com. Even if your bank has already rejected your loan application, you have the opportunity to get full financing from us.

Frequently asked questions about mortgages

Real estate mortgage FAQs: Common questions about real estate financing

Can I use a mortgage from fluxcreidi.com for later financing?

Yes, you can also use the fluxcreidi.com loan comparison for further financing. After the fixed interest rate period has expired, you have the option to repay the remaining part of the mortgage with a new low-interest loan that we will arrange for you. Here, too, you benefit from all the advantages of fluxcreidi.com - from the free loan application without a deposit to the loan without a Schufa check.

What documents do I need for a mortgage?

How much can I get for a mortgage?

Is it possible to finance a property despite a negative Schufa rating?

Do I have to provide equity to finance the property?

How long does a mortgage last?

What happens if the loan amount is not used to fully finance the property?

Are there government funds for building or buying an apartment?

Is it possible to get a loan for real estate even with a temporary employment contract?

What additional costs arise when purchasing a property?

REQUEST A LOAN WITH LOW INTEREST AT fluxcreidi.com!

You can find low interest rates for construction work directly at fluxcreidi.com. Our free and risk-free loan comparison guarantees you the best conditions for your real estate mortgage. We offer loans from 50,000 to 300,000 euros for the purchase or construction of a house or apartment. We also offer property financing if you have a negative credit rating.

Apply for a personal mortgage today!
Apply for a mortgage!