Calculate your Mortgage Rate
Your mortgage in 3 easy steps
…about your desired property and financial situation with me.
…for financing within 24 hours. Check out my competitors – I am the best.
Signing the contract
…secures your mortgage. I’ll be on-call 24/7 until you receive the keys to your property.
German Mortgages Explained
After working several years in the Real Estate industry, I decided to become a mortgage broker.
From personal experience I noticed that it is still very complicated and often quite expensive to get good mortgage rates in the market, especially if you are not a native German. This is why I decided to fill that gap and help more people become a homeowner.
This is why you should choose me:
I work on my own and can advise you remotely wherever you are in Germany. I can offer you the best rates since I don’t rent an impressive office building where my assistant would bring you fresh latte when you visit. With me, you get what you are looking for: The best rates in the market. And all the support to make it as easy as possible.
I work transparently and if necessary very quickly to find and apply for the best mortgage, comparing rates from more than 400 banks.
You want to know more about me? Find out on my about page.
1: Let’s get started: All you need to do is share some details about your situation and the desired property. Remember: my consultancy is free and non-binding. You should compare the rates I offer you with other brokers. I sincerely doubt you will find better conditions. If this is the push you need, get started now!
I am available almost 24/7 via text and video here. (though I’d prefer to chat with you during business hours).
2: Comparison of mortgage rates After receiving your request I will get back to you within 24 hours with the mortgage rates and options that are relevant for you. Again, comparisons of the mortgage rates I offer with competitors are encouraged.
3: We talk, you choose: After finding out my mortgage rates are the best and you really want to buy, lets talk. I will guide you through the German mortgage process and explain requirements. My job will be to make it as easy as possible for you. All you need to to is getting me documents I am asking for and choosing a mortgage option. Then I can apply officially to the bank for a mortgage.
4: Secure your mortgage: I am doing all the paperwork now for you and keep you posted on any update in real- time. Once your mortgage is secured I will be at your side throughout the following process. This is not part of the job as a mortgage broker but I want to make sure you are in safe hands. Call me whenever you need me or have questions!
The short answer is: Yes!
Most mortgage brokers in Germany are paid directly by the banks that offer the mortgage.
So am I. You will never get a bill from me.
You can be assured I will choose the rate that is best for you, not the bank that pays me more.
The fee is included in the mortgage rate and is a tiny share. After my mortgage rates are highly competitive you can be sure to get the best deal possible.
I have access to mortgage rates from more than 400 banks. From major German lenders, such as Deutsche Bank or Commerzbank, to small regional banks, I cover almost any bank that offers mortgages. Every bank offers different rates and certain banks prefer certain types of borrowers, so it is a good thing that, with me, you are able to “shop around” and compare to get the best rate available.
I get back to you within 24 hours.
If it is urgent, just send me a short text to +4917622234333 and I will call you back immediately.
I can get you a mortgage in 48 to max. 72 hours once you have given me all the documents that we need to apply.
Your personal situation is decisive for getting approved for a mortgage in Germany.
For example, having a lot of cash on hand for a big down payment is not a guarantee for approval. It is also not a pre-requisite!
There are some things you should consider when applying for a mortgage. I can help you understand how the process works and what is a good solution in your specific case.
In most cases, you only have to pay the “Nebenkosten” out of pocket as the minimum requirement.
It is around 8 % of the price of the property.
But as soon as a real estate agent comes into play, you also need to pay them- which ups the amount to around 15 % in total that you have to pay out of pocket. The reason: banks in Germany will only lend you money with the property as collateral. The amount for “Nebenkosten” like paying a real estate agent’s fee is not secured by the worth of the property.
Still in some cases, even for this you can find some flexibility, for example if you buy real estate way under current market prices. In this seldom case, you can take out a mortgage that covers the entire costs without any down-payment or out of pocket expense.
That depends very much on the price of the property you want to buy.
German banks won’t like it if your monthly mortgage rate amounts to, lets say, 80% of your net income. This is too risky for the bank, since any unforseen event in your financial situation could prevent you from fulfilling your side of the contract.
Banks in Germany like security, and are always interested in you paying back the mortgage. Whereas in other countries it is a business model to speculate on the borrower defaulting on their loan (subpar lending), the cancellation of the contract and then subsequent acquisition of the property, this is definitely not the case in Germany.
This is why banks in Germany are so strict when approving a mortgage.
These are some of the most important documents:
- Proof of equity
- Income tax assessments
- Last 3 Payslips
- Certificate of wage tax deduction
- Annual bank statements
- Property documents
- Purchase contract
But don’t worry, I will guide you through the entire process comfortably.
“Mortgage” in German means “Immobiliendarlehen” or “Immobilienkredit”.
In the past it was also translated as “Hypothek” but today, this is technically not the right term to translate “mortgage”.
The “Annuitätendarlehen” is the most common type of mortgage for private individuals who buy property in Germany.
The main characteristics are that you pay back the same amount of money each month. In the beginning that amount is comprised of a sizable chunk of interest and a bit of the amount you owe. In time, this reverses where you mostly pay back the amount you owe and a tiny bit of interest. This type of mortgage is a great way to ensure your cashflow and guarantee liquidity.
You usually translate “Fixed term of interest rate” as “Sollzinsbindung”.
The fixed term of interest rate defines how long the interest rate is guaranteed in the contract.
Now, interest rates are on a historical low. This is why many people decide to apply for a long fixed term of interest rate of 20 years and more.
Of course, the longer the term, the higher the interest rate.
I will answer any question within 24 hours! My pleasure.
I am a mortgage broker, registered and regulated by §34c, §34i GewO under supervision of BaFin. As in most cases, my services are free of charge. My fee is included in the mortgage rate and will be paid by the bank. I can offer the lowest rates in the market since I won’t make you pay for a fancy building where you sign the most important contract of your life. We will sign it in your house or in mine. My specialty is advising non-German speakers through the property buying process. Rest assured, with my expertise on your side we will make the entire process transparent, understandable and affordable. I work with the market leading tools ensuring safety, affordabilty, and best rates.
Mortgage Calculator for Expats living in Germany
Germany belongs, within the EU, to the more strictly regulated markets to ensure stability and protect the banks in Germany from crashes. Banks in Germany are
strictly regulated and under the supervision of the BaFin (Bundesanstalt für
Finanzdienstleistungsaufsicht). For you, this means there are precisely defined regulations
for approving a mortgage. If you want to buy a property you will learn that
quickly. This is why it is a good idea to have a mortgage broker by your side who is like a secretary organizing all the paperwork for you.
Property Owners, Mortgage lenders, anybody with a bank account can benefit from that.
As we saw in the last decade in the US, subpar lending (banks going bankrupt when they lend to people who cannot pay back) is not exactly a desirable situation. In Germany, we have rules and regulations in place to prevent that. For this reason, to get a
mortgage you have to apply with documents making clear you have enough
household income, a stable financial history and so forth, and are very likely to be able to afford your mortgage rates in the future.
So if you get a mortgage to buy real estate in Germany approved by a bank you can be sure you really can afford it. To get a first idea of how much you can afford / you can expect to be
approved by a German bank, use the mortgage calculator.
How do I get a mortgage in Germany?
There are a couple of sites out there that offer mortgages for expats, just like I do. They use their own fancy tools.
On my website, I offer to those who are really interested, the original German tool to learn how much they can afford. I will find the best rates for a morgage for you. Your submission is directly querying the biggest German database with over 430 banks and original mortgage offers.
These are the live data for the best mortgages available right now.
Note: with the right financing strategy and some governmental support (Förderungen) we can likely even lower this rates, depending on your situation. Also, rates can individually differ. Get in touch and I will find out how much you can afford. Those are the interest rates directly from the platform I work with so this is in German. Working together I will translate anything in the process making it understandable and easy for you to compare and choose.
How much can I afford?
How much you can afford depends on many factors. There are many options to consider, like what kind of mortgage you want to apply for: There is the famous “Annuitätendarlehen” where you pay of the same amount every month (fix rate). Then there are “Ratenkredite”, where you pay higher rates in the beginning of the mortgage, but are cheaper than the Annuitätendarlehen in the long run.
The total cost of the mortgage is also determined by the term of the fixed rate. A bank will charge you a slightly higher interest rate if you choose a fixed interest rate for 25 years than if you choose to have a fixed rate for 10 years.
Given that rates are at a historical low, many people these days chose to apply for a longer fixed term.
But this is not necessarily the best option. It depends very much on you personal situation, your preferences, and the mortgages available for you.
I am happy to advise you and explain all the details, so get in touch!
Here you can access the direct database to the German mortgages of over 430 German banks for buying real estate.
Should I buy property in Germany?
You should buy property if you can afford it. If you are paying rent you could also be paying off a mortgage. You, too can become a homeowner.
But of course, there is more to consider. Sometimes it can be more interesting to keep renting while buying real estate to rent it out to someone else. If you focus on the long-term, there are big advantages to this approach, because, for example, the interest rate is tax deductible if you buy property to rent it out.
These pointers could give you a broad idea of whether you should buy or rent property by using this tool here that gives you direct access to the German mortgage market. Find out how much you can afford if you take your monthly rent and instead use it to pay off a mortgage. The more you can invest in your mortgage rate each month the higher loan amount you can get. However, most people choose to pay more for a mortgage than for their monthly rent, since they see it as an investment more than an expense.
Example Cases I've worked with (anonymized)
- Jason D. from New York State living in Berlin
- Works as a software developer for a mid-size start up
- Wants to buy an apartment in Berlin Mitte near work
- Has a permanent contract and wants to invest in real estate as a financial opportunity even if he goes back to the states some day.
- Eli F. from Chile
- Works as a consultant for a DAX company in Munich
- She is a freelancer
- She's lived in 4 different countries in Europe and has a Blue Card
- Buying property in Germany to rent out means a great income opportunity for the future.
How does the German mortgage calculator work?
Answer a few questions and get a individualized advice, as to how much you can afford and what options you have. On the top of this page, you will find a mini questionnaire (takes 3 minutes). I will email you within 24 hours.