Online construction financiers compare

compare online construction financiers: via online platforms, independent tests and personal contact

Who wants to buy today a real estate, is confronted with rising prices. Therefore, a particularly favorable construction financing loan appears to be an essential building block to realize the dream of the owner-occupied property. In order to find the most favorable loan possible, the majority of interested parties now use the internet. Because they know that one should not rely only on the house bank , but at least 2 further offers to catch up. In this internet research, one question always arises at the beginning: "how to compare the offers of online construction financiers?"? And which offer components to look out for? The most favorable interest offer or nevertheless rather the best consulting quality? And how important are test seals and satisfied customer testimonials as a criterion for making your own choice??

Search for online construction financiers via comparison platforms

There are many ways to start your research. The easiest way: consult the search engine. And then see what results are displayed for the search. Or simply one of the many announcements and the multicolored banner advertisement click, which offer favorable building financing conditions? There are google ads and seemingly neutral article in the reactionary environment, very small and barely visible marked as an ad. And many blogs that deal with financing issues. Last but not least, there are comparative tests by magazines and institutes that regularly select germany's best, cheapest, fairest or most service-oriented online construction financiers. So what to do? And if one can trust, whose offers one found by means of search machines, because they are indicated in the results on the first expenditure sides.

Rule 1: you won't find the best online construction financier on the first page of search engine results, and you won't find it via the cheapest offer either

Especially on online comparison platforms, the most favorable offer is clicked particularly gladly. Simply because the most favorable offer is always at the top of the recommendation list. Some online construction finance providers outdo themselves in placing special lure offers. But be careful: the most favorable offers are in most cases not the ones that fit your financial situation. These particularly favorable offers require a lot of equity that you can invest in the purchase of the property. In addition, a very high credit rating. And the term of the loan is often limited to 5 years. In addition, a minimum repayment rate is set. Who wants to compare online construction financiers, should pay attention to other criteria.

Compare online construction financing providers – best with a checklist

Construction financing is a complex business. Ultimately, the aim is to finance the debt securely and as quickly as possible until the construction loan is repaid in full. Also not insignificant: some comparison calculators are so-called affiliate programs, d. H. The construction financing offerer invests into an advertising network, in order to be presented with large range in the suitable surrounding field z. B. Gladly also in the surrounding field of allegedly neutrally arranged interest calculators, which are indicated on various web pages.

The most favorable monthly rate is not the yardstick for a suitable financing offer. Much more important are key points such as

  • The term of the contract,
  • The amount of the initial repayment,
  • The equity share,
  • Redemption-free periods,
  • Special repayment options,
  • Rate adjustments during the term or
  • Interest-free period until disbursement.

As a rule, the on your financial possibilities, your life planning and on special cases (z. B. The most flexible construction financing option (e.G., unscheduled repayment) is usually the safest. These are usually somewhat more expensive than the most favorable interest offers, the offerers fighting on market places for top positions, but in the allermeistensten cases for you better, since exactly on your personal life planning adapted. Keep in mind that a construction financing will normally accompany you for at least 20 years. The development of the own financial situation is hardly plannable on this long period, for it the life holds too many surprises and some unforeseen things ready. Therefore it is always advisable "not to sew the financing on edge".

Online construction financing providers compare with the help of reputable comparison tests

Independent institutes such as the institute for german service quality (DISQ) and stiftung warentest, as well as media such as focusmoney, n-tv and wirtschaftswoche, regularly compare the offers and services of banks and online mortgage providers. These tests usually help as an orientation, because the most favorable interest rate does not necessarily play a role here. Rather, the quality of the service, the advice and the professional competence are highlighted. It is advisable not only to use the results of one year, but to research how the online provider in question has performed over the course of 3-4 years. These past results can be found mostly on the online platforms of the testers.

Other test deal only with the average interest rates offered by the respective provider over a long period z. B. One year. This has the advantage that it is never the moment that counts, but continuity. Recommendable are these interest comparison tests of the magazine finanztest. These are based on plausible assumptions about reasonable terms (10 years, 15 years, 20 years) as well as sensible repayment rates and equity ratios. In the current low-interest phase, the favorable offers of the top providers vary only in the range of decimal places. These offers can provide orientation. However, one should not base one's decision for or against a top-listed provider on this alone.

Online construction financiers compare – try goes over study

After you have done the online research, choose 3 to 4 providers. To do this, use an inquiry form that can be found on the relevant websites. Or perhaps even better, you can seek personal telephone contact. Also important: after a comprehensive conversation should receive a first overview offer without obligation and free of charge.

Things get interesting when it comes to personal contact. You should be prepared for this. You should know what kind of cash you have, what kind of interest and principal payments you can afford approximately per month and what kind of property in what kind of location (house – apartment, city – country, purchase price) you want to buy. Evaluate precisely how much time the telephone consultant or. The advisor takes how well informed they are about subsidies and loan combinations and whether you understand your wishes and your financial situation. Just like in real life: in addition to expertise, it always comes down to "gut instinct" as well. Also important: will you be the barater resp. Accompany the consultant during the whole financing process – or do you have to deal with different people each time you call; the latter should already be a criterion for exclusion.

Online construction financiers – usually also partners of your local agent

What many do not know. All private mortgage brokers – such as insurance brokers, financial advisors or wealth planners – make use of online platforms. In the vast majority of cases, these platforms are also operated by the providers you will find when you compare online construction financiers. So the construction loans you request through these brokers mostly come from the business portals of online construction lenders. This is another reason why it always makes sense to check the offer of your private investment advisor or mortgage broker. Compare an insurance broker or your local bank with a quote from one of the major online construction lenders.

As a rule, online construction financiers, who also get their brokered loans from banks, get better conditions than the local broker or the bank branch around the corner, because they receive further interest rate discounts due to the large contingents they accept. By the way, reputable online construction lenders don't charge you any commissions or fees; in fact, they've already priced those into the interest rate they offer; even if their offers are still cheaper than those from brick-and-mortar banks.

Compare online construction financing providers – always with identical information

Finally, particularly important: all construction financing offers that you obtain must be based on identical information. Only in this way you can seriously compare. These key points include:

  • Details of monthly household income
  • Your current employment status
  • Amount of the available equity or. Assets
  • The expose of the property or. Of the new building incl. Location information
  • Exactly comparable term of the loan agreement
  • Amount of the initial repayment
  • Comparability of unscheduled repayment options
  • Repayment and rate adjustments during the term of the loan
  • Information on the prepayment penalty if the loan should be terminated before the end of the term (because you z. B. Want to sell the property)
  • Information about the interest-free period until the loan is paid out in full (important especially for new construction projects).
  • Amount of remaining debt after the contract expires

If these data, which you supply on the one hand and inquire on the other hand with the baufinanzierer, correspond exactly, you can be only safe that you receive then absolutely comparable offers. Therefore, it makes a lot of sense when you compare online construction financing providers that you put a lot of time into research and selection. This is the only way you can be sure that you will end up with the most favorable loan, as it is tailored to your needs.

Fairest construction financier 2021 – the award encourages accedo to offer tailor-made financing concepts with personal advice, competence and fairness.