Sabine Krauß, Finanzberaterin

Listen, this is important if your loan will expire soon and you will have an amount to be lock in, again. Then it might makes sense to lock in a binding interest today. The contracts starts to today, however, the new interest will start with the date the old contract will expire on. This is on one hand a calulation, on the other hand a personal expectation of the future interest development. If you have any questions on this, feel free to contact me.

Podcast von Sabine Krauß anhören:

In today's podcast I give you an overview about the real estate financing market. I also give the recommendation going to an independent partner providing you an overview about the whole market, making the research for you and - if honest - trying to give you the best financing available for you in the market. Any questions - just contact me.

Podcast von Sabine Krauß anhören:

This podcast is about the amortization: Normally banks require a minimum repayments of 2-2,5%, there is also a bank, which accepts 1% and there are some requesting 3%. However, a 2-2,5% is reasonable, for some customers with for example high bonus, it also makes sense to have a lower amortization, and shortens the tenor to a reasonable tenor by extraordinary repayments.

Podcast von Sabine Krauß anhören:

This is one of the most discussions and explanations, I have with customers. Here we have to differentiate very strict: if the total running time is nearly 40 years, the lock-in period only 10, the customer takes a pretty high risk on his book. This can be ok, depending on the salary, alternative saving volume, bonus per year etc. At the end the customer can have this combination and accept the risk, if the risk is affordable for him, meaning the risk should only lead with a higher rate in a renewal case to a longer tenor, not to the sale of the object. Let's talk about this!

Podcast von Sabine Krauß anhören:

This topic nearly comes up in every conversation: I would like to give you the different aspects of Corona which could be impact the realization of your real estate dream. You will discuss this further more along with your real estate investment? Just get in touch with me.

Podcast von Sabine Krauß anhören:

Last week I talked about a mortgage in principal, this week I would like to go further in detail in different kind of loans, so annuity loan, repayment loan (with a repayment substitute like Bausparvertrag or life insurance) and variety loan.

Podcast von Sabine Krauß anhören:

Today is the first sequence of my Finance ABC about the characterics of a mortgage. Any questions left, please contact me.

Podcast von Sabine Krauß anhören:

This week is only an announcement of my Finance ABC, which will start next week. In the following weeks I would like to look over the basis descriptions of descriptions and processes around the real estate financing in Germany. If there are any open questions, please contact me.

Podcast von Sabine Krauß anhören:

Help is only possible if the partner has the same information, regarding good and bad news - at the end it will come out. Our cooperation should be based on truth and fairness. A financial planing is long-term, so in the end it ONLY works if we both work in the same direction based on the same knowledge. At the end we build on your future. Looking forward hearing from you.

Podcast von Sabine Krauß anhören:

One of the most questions, I am asked. A pretty easy question, a very complicated answer, because a lot of "It depends on....". An finally it fluctuates. Even if we had a slow market for a long time, now it seems to start moving.

Podcast von Sabine Krauß anhören:

This is the question is most often asked at the beginning of every consulting. The question is not the "can" , it is more "how much do I want to afford" without having to much burden for the future. A budget planing with six numbers is done quick, however, the content behind is much more important.

Podcast von Sabine Krauß anhören:

A difficult question, because there is more behind than only 9 words: Tenor, login-period, personal creditworthiness, kind of object, building year of the object and your personal requirements regarding a real estate financing.

Podcast von Sabine Krauß anhören:

This is - especially for foreigners - always a secret, which is very often not sufficient explained by the agent. The potential buyer always thinks that he buys cheap! Let me explain a little bit.

Podcast von Sabine Krauß anhören:

There are plenty of advantages like know how transfer, intermediary, independency, market research, best conditions, flexibility - just hear into it.

Podcast von Sabine Krauß anhören:

A little background for a Riester along with a real estate - and the advice, do not sign anything without having understood it completely.

Podcast von Sabine Krauß anhören:

There are situations where a Bausparvertrag might make sense - for a very long interest security, sometimes for better eveluation at some banks or for a better worst case cost calculation at a bank. However, it is not always recomendable and the most important thing: You have to understand what you are signing!

Podcast von Sabine Krauß anhören:

I always see that international customers sign up for Bausparvertrag or Rister shortly before they buy a real estate with the argument the financing is then easier. Please, try to understand what your are signing! I try to give you a brief overview.

Podcast von Sabine Krauß anhören:

The comittment Fee is always a difficult topic to understand. Most people are not concerned. Please find in the podcast an explanation of the comittment fee.

Podcast von Sabine Krauß anhören:

How does it work with the credit process? How does it work with the notary process?

Podcast von Sabine Krauß anhören:

Yes, the market is currently a seller and not a buyer market. Yes, you should be good prepared, you should be motivated, full of passion, quick. And - don't let other people make to much pressure on yourself. It might take some time til you find your real estate, but don't buy every real estate to every price.

Podcast von Sabine Krauß anhören:

This is an overview over the main risk. You do not have to cover everything 100%, however, you should be aware of the existing risks and you decide how far you would like to cover them. The main point is definetely paying back your loan.

Podcast von Sabine Krauß anhören:

One of the main thing in the credit approval process is the bank evaluation of your future real estate. Especially in times of increasing prices this becomes - next to your own creditworthiness- very important.

Podcast von Sabine Krauß anhören:

Every bank calculates different, this is the main point in the credit approval process on the personal side. The object side will come next week.

Podcast von Sabine Krauß anhören:

Even if the financing is relatively safe, I can promise, a bank may often see it different. There are a few examples for non-approval in the podcast.

Podcast von Sabine Krauß anhören:

An overview through the jungle, how to finance best in which situation and what kind of financings to exist in the real estate world.

Podcast von Sabine Krauß anhören:

The logic is based on your personal needs, being described by the magic triangle of the asset management with the 3 edges rentability, flexibility and security and is also valid for the real estate financing side. Furthermore the different objects for a real estate financing are highlighted.

Podcast von Sabine Krauß anhören:

Overview over the additional costs in a real estate financing (real estate agent fee, notary costs, taxes)

Podcast von Sabine Krauß anhören:

Sorry, I do not explain it here, you have to listen to the podcast, however, it is really important. Enjoy the podcast.

Podcast von Sabine Krauß anhören:

Currently, we see increasing interests and also increasing cost for building materials (like wood, insulation material, steel...). What should you do now?

Podcast von Sabine Krauß anhören:

The target would not be only doing a quick real estate financing, however to be your partner in the whole process, which might be very different, denpending on your personal situation (salary, equity, single vs. familiy etc) and real estate (appartment or house, new or used)

Podcast von Sabine Krauß anhören:

Before starting with a real estate search/financing there are a few preconditions which should be fulfilled. Please let me tell you about.

Podcast von Sabine Krauß anhören:

This is the most important step at the beginning, so that you know, what kind of object you start looking at.

Podcast von Sabine Krauß anhören:

The main steps from the first decision til the moving into the dream object. The single steps will be described deeper in the upcoming podcasts.

Podcast von Sabine Krauß anhören: