Start by making a preliminary study of your borrowing capacity before committing yourself. You can consult a mortgage broker who will optimize your financing plan and detect the assisted loans to which you are entitled (0% rate loan, 92 housing loan, Paris housing loan, PAS loan, etc …).
What are your tips for preparing your mortgage loan?
Then, take care of the presentation of your loan file by highlighting the positive points: your professional stability, your ability to save, your good account, your evolutionary profile, etc … If you have several consumer loans or credits revolving in progress, the ideal is to repay them before making your mortgage. If you are a business owner, you will need to justify 3 complete balance sheets.
What difficulties can one encounter when editing his file?
We can meet several types of difficulties. The most important is debt. For most cases, monthly mortgage payments must not exceed 33% of income. If this is your first purchase, the load jump between your current rent and the future monthly loan is an important criterion. Then there is the account keeping. If your last 3 statements of accounts are debtors, it is prohibitive for banks!
Similarly, if you do not have a personal contribution to finance notary fees and warranty fees, some banks may refuse to take charge of your file. However, this is not systematic especially if you show a saver profile.
Regarding the price of your acquisition, it must be consistent with the geographical area of purchase. In case of doubt, the bank can request an expertise of the property, and if it is not in conformity, it can refuse the funding. . If the banker thinks the difference is too high, he may refuse your request.
What does a bank charge for a concession on the rate?
The lending bank will ask you to open an account at home and to house your income there. The banks are ready to grant you an advantageous mortgage rate provided you count among its new customers. Some banks may also ask you to repatriate all or part of your savings or buy their home insurance.
What advice could you give us to get a mortgage on the best terms?
Give your case to a free broker * like Inspector Bucket who will negotiate the lowest rate and the cheapest and most appropriate loan insurance for your profile. Privilege the deposit rather than the mortgage to secure your home loan because it will avoid you to pay the costs of release in case of resale of the property. Borrowers who are civil servants will be able to benefit from a “mutual servant” guarantee which is reserved for them.
Last tip, ask your company. You may benefit from salary savings or a subsidized loan (eg 1% housing). Remember, in addition to the mortgage rate, it is good to negotiate the characteristics of your loan offer such as the exemption of prepayment penalties, the modulation of your maturity or portability.