Your path to your dream house
Discover tailored mortgage financing at nextsure. Plan your property financing securely with low interest rates and flexible conditions – digital and transparent.
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The Foundation of Your Property: Basics of Construction Financing Clearly Explained
Individual Loan Amounts
Flexible Duration Options
Fixed or variable interest rates
Transparent Repayment Plans
Understanding interest rate trends and choosing the optimal fixed interest period for your home financing
Current mortgage interest rates are a crucial factor in the overall cost of your property financing. They are influenced by various aspects, including the monetary policy of the European Central Bank (ECB), the inflation rate, and your personal creditworthiness. A longer fixed interest rate offers you planning security through constant repayments, even if market interest rates rise. Shorter fixed interest periods may initially be cheaper but carry the risk of higher interest rates for subsequent financing. nextsure works with you to analyse the current interest landscape and your financial situation to determine the ideal fixed interest period for your mortgage financing and to present options like forward loans for early interest rate security.
Our Services
Tailored mortgage solutions
Needs Analysis
Together, we will determine your financing needs and possibilities.
Interest Rates
We compare top offers from numerous banks for you.
Consultation
Personal expert consultation, digitally or over the phone, for your optimal strategy.
Application
Efficient and digital support in the application process.
Funding
Examination and integration of government grants and KfW loans.
Insurance
Suitable insurance solutions for you and your property.
Connection
Secure optimal conditions for your upcoming follow-up financing.
Modernise
Financing solutions for renovation, refurbishment, and energy-saving measures.
DigitalPlus
Fully digital process with secure document upload and online status tracking.
From planning to payout – your reliable partner.
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Equity: The key to better terms for your property financing
Equity is the portion of the total cost of your property (purchase price plus additional costs) that you cover from your own funds. The higher your equity share, the lower the risk for the bank, and the more attractive the interest conditions for your construction loan usually become. As a rule of thumb, at least 20-30% of the total cost is considered a solid equity share; ideally, you should at least cover the additional purchase costs from this. Sources of equity include savings, credit balances from building savings contracts, securities, gifts, or even personal contributions to the construction, known as sweat equity. Careful planning of your equity deployment is essential for a sustainable construction financing.
Government funding and subsidies: How to save on your construction financing
The state supports the purchase or construction of residential property through various funding programs. First and foremost, the Kreditanstalt für Wiederaufbau (KfW) offers low-interest loans and grants, for example, under the Home Ownership Program (124) or for energy-efficient construction and renovation (Programs 261/262, 297/298). Federal states and municipalities also implement their own funding programs. The conditions and application procedures are specific; often, the application must be submitted before the project begins. nextsure provides you with information on suitable funding opportunities for your construction project and assists you in integrating these funds into your financing plan to sustainably reduce your construction financing costs.
Not to be underestimated: The additional costs when buying property in detail
In addition to the pure purchase price, significant ancillary costs arise when acquiring real estate, which can often amount to 10-15% of the purchase price. These include the property transfer tax, whose rate varies depending on the federal state (between 3.5% and 6.5%), notary and land registry costs (approx. 1.5-2%) for the notarisation of the purchase contract and the entry in the land register, as well as any applicable estate agent commissions (which vary regionally, often 3-7% including VAT). These costs must be taken into account in your construction financing planning and ideally covered by your own funds, as banks are reluctant to finance them. A precise calculation helps to avoid unpleasant surprises.
Repayment strategies for your mortgage: Become debt-free faster
Repayment is the amount with which you repay your construction loan monthly. The level of the initial repayment rate significantly affects the total duration and interest costs of your financing. The most common form is the annuity loan, where the rate remains constant over the interest fixing period, with the repayment portion increasing and the interest portion decreasing with each payment. A higher repayment (e.g., 2-3% p.a. or more) significantly shortens the term. Options such as special repayments (one-off additional payments) or the ability to adjust the repayment rate during the term offer flexibility and can help reduce the remaining debt more quickly. nextsure advises you on optimal repayment strategies.
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Mortgage Financing for Freelancers and Self-Employed: Key Aspects
Self-employed individuals and freelancers often face particular challenges when it comes to real estate financing, as their income can be more variable than that of employees. Banks examine creditworthiness particularly carefully in these cases. Important documents include meaningful business evaluations (BWAs), summary and balance lists, income tax assessments from recent years, and, if applicable, an audited balance sheet. A stable business development, sufficient equity capital, and a plausible future forecast are crucial. nextsure understands the specific needs of self-employed individuals and supports you with tailored solutions and a professional preparation of your documents for successful real estate financing.
Follow-up financing and forward loans: Secure favourable interest rates early
Most mortgage loans have a fixed interest period of 10, 15, or 20 years. When this period expires and there is still an outstanding debt, you will need follow-up financing. It is advisable to take care of the terms and conditions 12 to 60 months before the fixed interest period ends. You can choose between an extension (renewal with the current bank) or refinancing with a new provider, potentially offering better interest rates. A forward loan allows you to secure today's interest rates for financing that will not be needed for up to five years. This provides protection against rising interest rates.
Essential Protection: Important Insurance for Your Mortgage Financing
A construction financing is a long-term commitment. Therefore, it is essential to comprehensively insure yourself and the property. A term life insurance protects your dependents in the event of death from financial strain due to the continuing loan installments. Building insurance is indispensable for property owners and covers damage to the building caused by fire, water leakage, storm, and hail. During the construction phase, a builder's liability insurance (protects against third-party claims in case of accidents on the construction site) and a construction performance insurance (covers unforeseen damage to the building itself) are fundamental. nextsure advises you on suitable protection solutions.
How much equity do I really need?
nextsure is revolutionising the path to your property financing with a fully digital yet personal process. Benefit from transparent online comparison calculators to determine initial conditions. Upload required documents conveniently and securely from home. Our experienced financing experts offer you tailored advice via video, phone, or chat and find the optimal offer for you from a wide range of banking partners. We accompany you from your initial inquiry to the disbursement of the loan and beyond. Discover how simple and efficient property financing can be in the digital age without forgoing expert advice. Data protection and security are our top priorities.
