What credit rating is required for a €100,000 loan?

My parents have a mortgage. The remaining balance currently amounts to about €100,000. I'm earning €2,200 after my apprenticeship, plus a €500 part-time job (although I wouldn't count that). So, roughly €2,200.

Would it be realistic for me to get this loan if it were in my name and my parents were out?

What creditworthiness/requirements do you need for €100,000 construction financing (remaining loan)?

(3 votes)
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hilflos99
1 year ago

Construction finance only gets the one in the basic book. You can appear as an additional borrower but your parents don’t come out

Dachzelt24
1 year ago

As long as you can specify the property of your parents as security, this is absolutely no problem. Must be out of the trial period and must not have negative Schufa entries and must not be already in debt.

MichaelSAL74
1 year ago

Let us take you into the building finance, so ask for three, raise the chance

Rainer135
1 year ago

Why should the credit be rewritten to you? You can just pay the rates and everything is good, right?

SeniorSteward
1 year ago

With 2K net there is no 100K credit.

christl10
1 year ago
Reply to  FragenAsker15

My daughter and her boyfriend earn 4,000€ net together and get only a financing of over 300,000€.

theCapsicum
1 year ago
Reply to  FragenAsker15

There are two reasons for this:

1. Other times. Two years ago, the banks wanted to get their money out of the devil and not have to pay penal interest.

Two. Lug and Trug, probably they didn’t tell you the whole truth. You probably don’t have any real information about the (earned) equity, the actual purchase prices and the real income.