Your contribution
Start by making your accounts to evaluate the amount of your personal capital contribution. A good contribution accounts for 25% at least global budget. It can be made up of your economies, dune donation, dune family help, of helped loans known as constitutive personal (see hereafter).
To note: is possible without contribution, the banks are fastidious on this type of financing.
Nudges in the right direction
A certain number of helped loans allow your personal capital contribution.
- The loan 1% housing. It is granted to the employees of society of more than ten paid. Amount: from 02 205 to 84 930 Rate: 1,5%.
To note: The officials not right to the 1% housing, but they can profit from loans atpreferential rates granted by the Building and loan association or the social Credit of the officials.
- The loans savings account. If you opened a saving for house-purchase Plan in 2003, you can secure a loan with 4,20%. With an Account saving for house-purchase, the rate is of 3%.
- The loan atrate 0%. a free, refundable advance without interests to pay. It is granted according to your incomes, of the composition of your family and of your project. Amount: from 40 201 to 72 501
To note: If your project is helped by an local government agency, your loan atrate 0% can be raised 10 440 to 15 900
- Small loans. Some or of the local government agencies grant loans to their managed. Reserved to the modest families, their amount are limited.
To note: You can subscribe an officially agreed Loan (PC) or a Loan to social (NOT). They open right to ugly personal to the housing, which decreases your settlements.
Your credit-worthiness
The amount of your limits should not exceed 30%, even 33% of your monthly resources. on this monthly payment which you calculate your capacity .
To note: You gain capacity by lengthening the duration of settlement but the interests are higher. For example, if you borrow 170 073 over 15 years from 5,10%, your monthly payment is of 1.213 and you pay 95 354 For the same sum borrowed over 25 years from 5,40%, the monthly payment goes down to 931, the interests go up to 439 208
To calculate your capacity of loan, click here.
Interest rate
Fixed rate or revisable rate?
With a fixed-rate loan, you know exactly the amount of your monthly payments the end of your loan. Into revisable, the rate varies in function index known at the beginning. A rise or a fall of the rates is reflected over the life of the loan and/or the amount of the monthly payments.
How to obtain a good interest rate?
- while negotiating: less your file present of risks (important personal capital contribution, stable incomes), plus the bankers will be laid out to negotiate.
- by comparing the offers: you do not limit to your bank!
Ancillary costs
- The origination fee. Count 1% of the borrowed capital. They can be negotiated even abolished.
- Insurances. Count 0,40% of the capital borrowed for death-disability (obligatory) and 0,80% of the capital borrowed for loss (optional).
- The penalty for advance payment. Reached a ceiling to 3% of the capital remaining had, it can be negotiated even abolished.
Money-back guarantees
grant a loan, the banks are protected by taking guarantees: mortgage or monetary bond dune specialized company. You will not be able to always choose.
To meet the banker
- Your bank. a good interlocutor: she knows you. But this not inevitably it which will propose the best loan to you.
- Deposit banks general practitioners. They can agree to you of the gravitational conditions. You will have to open account-checks there.
- Specialists. Their trade: to grant real loans. Their financings are more conceived overmeasure those of the general practitioners. You not obliged Dy to open account-checks.
- Brokers. They make the turn of the banks in your place and you choose which is appropriate to you best.
The offer of loan
Once the made negotiations, you receive the offers of loan per registered letter with acknowledgment of delivery. These documents contain the amount of credit, its total price, its overall actual rate (TEG), the insurances, the type of guarantee, etc You will be able to compare.
To note: You cannot accept or refuse before time for consideration ten days as from its reception.