All you need to know about your loan before buying your first property. Amaryllis gives you the smart advice to carry out your operation in the best conditions.
Before signing a sales agreement, evaluate your borrowing capacity. This will allow you to direct your search for good in the price range corresponding to your purchasing power.
Ideally, do you make a minimum contribution to pay the notary fees is 7% of the purchase price in the old and 2.5% in the new. Indeed, fewer and fewer banks agree to finance loan files in 110%, without any personal contribution.
Information on the loans granted :
- If you buy in the new, inquire about the possibility of taking out a 0% rate loan and / or a 92 loan if you buy in the Hauts-de-Seine.
- If you live and buy in PARIS, examine your right to Paris Housing Loan.
- If you buy your principal residence, and your employer is contributing to an employer loan organization, you may be eligible for a 1% loan.
- If you are eligible for APLs, remember to find out about the PAS loan that will give you access to these aids that will be deducted from your loan maturity.
Optimize your loan setup:
Mixed rate loan
This type of loan is fixed for a given period (5, 7, 10 or 15 years), then revisable afterwards, most often capped 2. The customer then benefits from a lower rate that allows him to shorten the duration of his loan. This loan avoids the risk of a rise in the interest rate during the first years, years during which the interest to be repaid is the highest. This formula is very interesting for first-time buyers who have a high probability of selling their property before 7 years.
Some banks offer a so-called “scalable” loan which is fixed rate for the duration of the loan, but which is accompanied by an automatic maturity adjustment of 1% per annum. As a result, the initial monthly payment, from which the debt ratio is calculated, is lower, which makes it possible to borrow more or reduce the duration of the loan.
Opt for insurance delegation
By negotiating a delegation of insurance, you can save up to 60% * on the total cost of loan insurance, and benefit from a powerful insurance solution, even in specific cases of aggravated risks, such as the practice of a dangerous sport or a profession at risk.
Know how to sell your strengths
you do not have a big income or your financial income is irregular? Insist on your young age, your strong professional potential, the stability of your complementary income, the seniority with your employer, or a reduction in your fixed costs in the years to come. A proven savings capacity will undoubtedly be an asset: reserving a sum of money every month to your savings can only reassure the banker of your ability to cope with some financial pressure. He will prefer a low-income client with the ability to save rather than a high-income client but no savings effort.