Baufi24 gives an overview to the usual costs using the effective interest rate loan buyers can compare the offers of different banks. This includes – price indication regulation – the borrowing rate for the mortgage more price components such as interest binding time, the repayment rate, fees, discounts, commissions, etc. But fees lenders further, which make the construction financing more expensive and must be considered when comparing interest about it. Deployment interest deployment interest accrues when the loan from the Bank is already pledged, the borrower but not completely take the summer within a certain period of time. Is the case especially when building, as builders pay the work normally after the construction progress. In this respect, these costs are then hard to avoid. Deployment rates often 0.25 percent and incurred after a certain number of elapsed months on the after the loan commitment not called off part of the loan. Some Banks demand interest payable on deployment for example after two months, others charge him only after seven or nine months.
Additional costs arise from deployment cost at a considerable height. Must the customer on a loan amount of for example, 100,000 euro for four months to 0.25 per cent pay, arises from the fact the sum of 1,000 euros. Credit those interested should try to negotiate a longer period or a lower interest rate with the Bank. Some banks require partial payment surcharges for practice, to pay off the mortgage in several parts additional fees or interest-rate spreads – known as part payment surcharges. To complete payment, the borrower must pay a higher nominal interest rate on the amount of already received part. The cost also depends how fast the construction is progressing and how long the time span includes the additional interest will be charged by the Bank from the. Account management fees for any completed mortgage credit Institute have so far a Loan account set up and this requires an additional account maintenance fee.