So logically the heading of this article at first glance may seem, the majority of all accounts is completed today, without actually thinking about a later construction financing. The consumer focus rather on the bonuses in the form of Arbeitnehmersparzulage or housing bonus. The promotions are not particularly high, but at least 8.8 per cent subsidy per annum on deposits of up to 512 euros in the housing premium or subsidy of 9 per cent per annum on deposits of up to 470 euros at the Arbeitnehmersparzulage noticeable but quite pleasant during the mostly seven-year savings period of funds. In sum that yields may arise, approaching the current money market accounts. A good day money account is interest rates currently at 4.50 percent.
A value, also good savings can reach. Much more interesting is to use a contractor, what he actually designed: to the building society savings. During the accumulation phase, the future owner will benefit from the State subsidies to the contractor, and can then later a building society loan claim, which is located in the interest rate significantly below the level of interest rates traditional mortgage loans. For this loan are required back then however much faster, as a mortgage loan. The latter is usually about 20 to 30 years, so the building society loan must be repaid in 7 to 11 years, implying a much higher repayment. Through this parallel reduction of both loans, higher monthly charges which but become apparent below-the-line in a lower overall burden arise for the client in the first years. But not every client can make a savings for the financing of the allotment of the loan takes place only if the contract with 40 to 50 percent agreed method be saving? Therefore, a concept first and foremost as part of a combined construction financing for builders who plan in advance and the dream of your own four walls in the suitable next 4-8 years want to implement.
