That’s it ! You are ready to take the plunge to achieve your life project, whether it is the purchase of your first residence, the renovation of your home, or the establishment of a real estate investment. And good news: in 2018, interest rates are still close to their historic lows, which should encourage the most reluctant to apply for a mortgage. However, before committing, it is essential to know the laws of the market in France and to take precautions in order to avoid sleepless nights. Discover without delay the ways to successfully take out a mortgage loan in 2018.
Clearly defined in the new 2018 home loan texts, this component allows bankers to deduct, for a maximum period of 10 years, large fees related to account maintenance, bank cards, as well as commissions associated with your new account. . Indeed, the banks are authorized to require the domiciliation of your income so that they can manage the evolution of your financial state as they see fit. At the end of the 10 years, you can choose to transfer your income to another banking establishment. On the other hand, if you still wish to domicile your income in another bank before the end of the 10 years, the lending bank reserves the right to cancel your individualized advantages.
Having become one of the pitfalls to avoid when choosing your mortgage, this insurance is not at all compulsory. However, without borrower insurance, banks may refuse to grant your mortgage. As a reminder, this type of coverage makes it possible to cover monthly payments in the event of a drop in income or loss of work following death or disability. However, with the significant drop in interest rates, borrower insurance costs have increased in recent years. Fortunately, you are not required to take out your insurance with the lending bank itself: you can completely compete by comparing the costs with several insurers.
Over the past few years, application fees have increased considerably to compensate for the general decline in interest rates. Again, you will have a chance to negotiate the bill for the file by taking out any insurance offer from your lender. Do not hesitate to compare all the coverage offers via the le-pret-immobilier.com website.
Many borrowers think they can’t afford to buy their dream home without going through the mortgage box. However, some aid schemes allow you to build a credible loan file to seduce your banker: the State PTZ, the PAS (Social Accession Loan), the housing action loan, the schemes put in place by the local communities…
In truth, most lending banks play on time to make their decision on a loan file. With the reduction in staff and the administrative slowness, you have to be patient in order to be able to complete a real estate financing. On average, it will take 4 weeks from the date of the first appointment with the banker to obtain the loan. That said, some establishments nevertheless excel in the processing of loan files, in particular BNP Paribas (12 days on average), Banque Populaire (17 days) and Caisse d’Epargne (14 days).