Construction finance, follow-up finance and project finance
Selection of the suitable financing partner
When looking for the right lender, the first glance almost always falls on the annual interest rate to be paid. In many cases, interest rates are advertised that have a certain basic characteristic in common: they assume ideal conditions (double income, first-class collateral, first-class credit rating, certain repayment modalities, etc.).
You have decided to purchase a property.
In addition, an interest rate is advertised that is often not the effective annual interest rate (including additional costs) but the nominal interest rate (plus additional costs). The effective annual interest rate is largely determined by the amount of the nominal interest rate, the repayment, the payment rate (Damnum / Disagio) and the fixed interest period.