House building without equity the dream of your own four walls must not fail due to missing equity. Currently, the interest rate of the European Central Bank with only one percent is very low, which facilitates borrowing for home builders. According to the latest polls, think every fourth German about a real estate purchase. Often, there are families with children who want a home. Among the better paid, even each second is considering to take advantage of the current interest rate low for buying or building a House. The finance portal geld.de explains how the funding without equity. Front of house-building future builders must worry about the construction financing. A real estate purchase is of course not to do without any risk.
However, there a golden rule, which says that about 20 to 30 percent of the total capital out of his own pocket should come. A real estate value of 300,000 euros, that would mean including the equity of 60,000 to 90,000 euros. However, it is a sum, the many builders do not directly can muster. Some banks see themselves carried out construction work as equity. Who to little time or two left hands who must nevertheless not on the building or purchase without. It is in principle possible to finance a property without equity. For this, special mortgage loans are offered, covering 100 per cent or more of the purchase price.
Of course, the interest on such a loan are very high, the banks finally bear a significant risk. With a comprehensive risk analysis, as well as the creation of an opinion on the quality of the House is to be expected in any case. More information: blog.geld.de/baufinanzierung/…