This is often the financial investment of a lifetime.
Only 58% of French households in 2015 own property and they were already 54% in 1987.
The result of figures that is explained by a long period of stagnant inflation in the real estate market. In addition, the democratization of consumer credit limits access to mortgage credit
Nearly one third of French people thus have insufficient capacity to repay a debt of money, and thus an inability to claim the status of candidate borrower for real estate accession. Often, those are the personal loans contracted to consume consumer goods and services that are involved in this ineligibility.
Renouncing a real estate project, which is more the purchase of his principal residence would be a shame. Solutions exist, that’s why Price Price puts at your disposal a team of expert consultants in Pricement to help you realize your project and avoid the pitfalls of real estate credit!
The key steps for good project
Determine your personal contribution
Before realizing your real estate purchase, it is essential to estimate the amount of your own funds that will be injected into the project.
If the banks advise a minimum contribution of 10% in relation to the cost of the building that is the object of the acquisition, this is not a contractual condition to be eligible for the Pricement by mortgage.
In fact, it turns out that each borrower file is particular to its own case, and requires a thorough study of the applicant’s financial situation in order to define the most favorable granting conditions possible.
As part of the acquisition of the principal residence, it is appropriate to present a personal contribution to ensure at least the expenses of notaries or more.
Conversely, when it comes to a rental investment, it is desirable to pay the sum of money borrowed, as much as possible by means of the bank loan. In fact, loan interest is fully deductible from the property income to be collected.
Moreover, it is imperative to keep a cash envelope in the event of unforeseen circumstances leading to one or exceptional expenses (car breakdown, high financial costs, etc.).
Evaluate your debt capacity
Before considering any investment it is necessary to estimate the amount you can claim under the real estate subsidy.
Indeed, it is useless to choose a property when you are not sure of the feasibility of your project.
In order to have an objective and precise idea, it is recommended to contact an expert investment consultant. From the income and the sum of the monthly expenses to bear, it is determined in percentage the debt ratio of the household.
Thus financial charges must not exceed 33% of household income. If this is the case, use the services of credit broker Price Price is a tailor-made solution to reduce the budget debt through a restructuring of debts and debts, and thus optimize the management from the budget.
Find the good of your dreams
After having tied up the pecuniary part of the project, it is then necessary to find the ideal good. For several years, one can only note a strong real estate speculation that tends to persist. To avoid this phenomenon, nothing better than to be patient before committing.
Thanks to the internet, it is now possible to know the price of the m2 according to the region.
In addition, structures are now specialized in energy analysis and the study of compliance with building regulations.
Negotiate the best terms of Bank Deposit
Competition is fierce between the various banking organizations. One often believes that the bank to which you are faithful will make the best proposal. This is false because the mortgage is today a product of appeal for financial institutions.
Even if the interest rate is a major element, it is also essential to compare the cost of insurance and the quality of the cover.
Finally, we must take into account any fees and refund penalties not anticipation.
The same nature of Pricement for various realities
The purchase of the main residence
This real estate project is to differentiate from other real estate investments. Indeed, it is a major turning point in the life of a home.
In addition, as part of this real estate purchase, the investor can benefit from special advantages.
Thus, first-time buyers, who had not owned their home for at least two years, are eligible for the Zero-Rate Loan. The latter is a state-sponsored no interest refund.
As part of this acquisition, it is recommended to have sufficient personal contribution to pay the notary fees and related expenses.
The relay loan
In practice, this nature of borrowing allows Pricer a real estate object pending the sale of real estate or a return of money in the short term (maximum 2 years).
It is the realization of the expected event that will result in the repayment of funds advanced by the bank.
Given the inertia of the real estate market, this type of Pricement is risky by nature. In order to avoid any unpleasant surprises, it is best to make sure that you will be able to honor the refund, for example by signing a sales agreement.
Unlike other Real Estate, buying a rental property is an investment in profitability.
The buyer will generate profits as soon as the lease.
Often it is a project that is associated with a desire to tax. As part of a number of tax exemption mechanisms, the owner will enjoy significant tax privileges while supplementing his business income.
Buying a second home
It is an investment “favorite” par excellence.
It is often realized to please and not for a question of utility.
It is possible to call on the mortgage loan, always taking into account the household debt ratio, even if the real estate is abroad.
Grouping real estate loans: the solution to realize your projects in peace!
If you have a real estate project without the ability to borrow the cash needed for home ownership, then we have the answer to your problem…