With the recent signing of the sales agreement for my first rental investment last February, I took the next step: looking for the Holy Grail, a mortgage to finance my (future) apartment building. But even more, how to obtain the best possible conditions according to my project. Take the time necessary for this crucial step, it is an opportunity to optimize your investment for the next few years. Negotiating your credit well is an interesting challenge. This article does not claim to present you with a miracle technique to obtain unbeatable rates, but to give you the path I followed to negotiate my mortgage . Through my experience, I hope that you will understand the importance of certain fundamental elements, which will allow you to put your banker in the best position to follow you in your investment projects.
Note: for reasons of readability and so as not to put you to sleep, I prefer to split this rather long article into 2 posts. The sequel will be posted tomorrow.
The hook may seem trivial, but it is one of the cornerstones necessary to obtain the most advantageous conditions for its loan . Who better to know your project than yourself? You know it, so dig into everything you need to know about your investment and put it forward during your discussions with our friends from the banking world. And when I say everything, it’s a lot of things! For my part, I put forward:
In general, anticipate the questions that your interlocutor will not fail to ask you. Finally, reassure your banker by your mastery of the subject , he will be all the more inclined to respond in the most favorable way to your financial solicitation.
After the preparation, it’s time for action…
It all started on a beautiful day in January…. I tap on my mobile screen a few numbers, it rings at the other end. The muffled tones from the handset ring in my ear. A few seconds pass, a voice is heard:
There you go, the appointment is set, just have to wait a few days. Time passes, the hour of the meeting arrives. After a few courtesies as is customary, the bank asks me about the presence of transfers to a Fortuneo and/or Boursorma account, I don’t really know. I then explain to him that the latter offer me more than what my physical bank allows me, all for 0 euros. She tells me that a gesture is possible. The contours of the balance of power are emerging .
…..
That’s it for today, see you tomorrow to find out more!
What do you think of this first part? Do you have any advice for successfully negotiating your mortgage? Feedback?