REAL ESTATE CREDIT : YOUR 6 ASSETS FOR A CONCRETE FILE !


REAL ESTATE CREDIT !

REAL ESTATE CREDIT : YOUR 6 ASSETS FOR A CONCRETE FILE !
REAL ESTATE CREDIT : YOUR 6 ASSETS FOR A CONCRETE FILE !


Despite a very low cost of real estate credit, you need a solid record to convince the lending institution and enjoy the best mortgage rate.

THE FOCUS ON THE LENDER'S INCOME

For the study of the loan file, the lender will focus on the borrower's income. Indeed, the borrower or co-borrower must present safe and regular resources to guarantee repayments of monthly payments.

 As a reminder, these monthly payments must not exceed one third (33%) of revenues.

The majority of banks expect a borrower with a permanent contract or an employee status.

However,

 if the borrower has a CDD, allowances and other regular income, the banker will take into account in order to grant a mortgage.

THE IMPORTANCE OF THE CONTRIBUTION FOR A MORTGAGE

A file linked to an interesting contribution allows the banker to evaluate the capacity to save and manage his budget in a healthy way. In addition, the contribution is used to finance the deposit, notary fees and the cost of the work if necessary.

DOMICILIATION OF INCOME

To put the odds on his side on a mortgage, it is recommended to domicile his income from the lending bank.

 One can domicile his wage income, allowances, complementary income. Thus, it facilitates the steps when one projects a mortgage because all the justifications are already integrated and known by the bank.

It also helps to increase the regularity of income over the long term. This is a guarantee of seriousness and loyalty for the financial institution.

GOOD ACCOUNT MANAGEMENT

When applying for a home loan, the banker conducts a thorough analysis of the borrower's proposal and statement of accounts.

This analysis is based on the keeping of the accounts. Care must be taken to clean up the accounts before applying for a loan.

Avoid delays, late payments and other sensitive overdrafts.

Good financial management is recommended over a period of 4 months before any mortgage application, to show good management of accounts and ensure its reliability.

GOOD HEALTH IS AN UNDENIABLE GUARANTEE

A borrower in excellent health is a surefire guarantee for a lending bank. To obtain a mortgage, one can value his youth, an excellent physical condition, a healthy lifestyle.

Indeed, a non-smoking borrower can get a lower insurance rate. A borrower in good health reassures the banker because it is an additional insurance for safe monthly payments in the long term.

PRESENTATION OF A RELEVANT FILE


The presentation of a mortgage project must be based on a coherent file. All supporting documents must be included such as pay slips, tax slips, proof of additional income.

 In addition, for irregular income, it should focus on a property to renovate, a new apartment with reduced notary fees, or a loan at zero rate or PTZ, or local aid.

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