Real estate credit: your 6 assets for a concrete file
The cost of mortgage has never been so low with falling interest rates, but to take full advantage of it, you have to present the best possible file! We have listed for you 6 assets to put forward to reassure the lending institution and get the best mortgage rate.
1. Demonstrate the sustainability of your income
There is no secret. What the funding organizations will look for first is your income. The borrower or co-borrowers will have to put forward resources that are both sufficient and sustainable. Sufficient to repay without difficulty the monthly payments which must not exceed a third of the income. Pérennes because the bankers will be reassured by candidates for the loan on permanent contracts or civil servants.
2. Post your contribution
If with a historically low real estate rate, it is possible to buy a real estate without contribution, indicate in his file that we have a consistent contribution reassures again the banker on your ability to save, and ultimately, to manage your budget well. A contribution also makes it possible to finance the deposit, the notary fees and / or the cost of any work.
3. Domicilize your income
It does not seem like anything but to put in the balance that by contracting a mortgage, your wages and other income will elect domicile within the establishment is a real plus for obtaining a loan, even for negotiate even more favorable terms.
4. Manage your accounts
What does a banker analyze before offering you a loan offer ? After your pay slips and tax notices, he will inquire about the keeping of your accounts. An overdraft will not necessarily alert him, but a repeat of overdrafts will indicate a delicate account management. Also, make sure not to go into the red for several months even for a few cents.
5. Highlight your good health
You can also highlight your youth and, for example, your healthy lifestyle. Specifying that you are not a smoker may allow you to reduce the insurance rate and reassure the financier.
6. Build on a coherent project
Present in your mortgage application file your project as concretely as possible. When resources are limited or irregular, it is for example better to position yourself on a property to renovate or on a new apartment to benefit from reduced notary fees, or even a zero rate loan (PTZ).