How to get a home loan easily?
To obtain a mortgage from a bank, it is better to present the most attractive file possible. On what criteria do banks assess your situation? How to put all the chances on your side?
On what criteria do banks grant mortgages?
How to put the odds on your side to obtain a mortgage easily?
Faced with a refusal of a mortgage application, are there any solutions?
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How to get a home loan easily?
On what criteria do banks grant mortgages?
For a bank, granting a loan means assessing a risk. Thus, the more stable and reassuring your situation, the more likely you will be to obtain your mortgage.
Here are the criteria banks use to assess your situation:
To obtain a mortgage easily, you will then have to put the odds on your side. And it starts with choosing a property that meets your means, especially during a first real estate acquisition .
If your debt ratio exceeds 33% or your remaining living remains too low because you have positioned yourself on a house or apartment that is too expensive, you will reduce your chances of obtaining your loan.
In the same idea, your charge jump (the difference between your current rent and your future monthly payment to be repaid) should not be too large. Do a real estate loan simulation to study all of these parameters.
Good management of your money is also essential. Repeated overdrafts like an accumulation of consumer loans will scare off any banker.
How to put the odds on your side to obtain a mortgage easily?
By “good professional situation” we mean both stable and regular income allowing you to cover your expenses but also a job that does not present too many risks for a bank.
If the CDI remains the Grail, know that it is possible to borrow in CDD or in interim.
As a general rule, banks appreciate a personal contribution equivalent to 10% of the amount borrowed .
If this sum remains too large for you, be aware that they require at least the borrowers to bear the notary fees .
Manage your budget well
For banks, managing your budget well means both not being overdrawn too often (and not using consumer credit too often) but also being able to show your bank that you know how to save .
Some banks will prefer the file of a buyer with a low salary but a good savings capacity to that of a borrower with high incomes, but also large overdrafts.
Choose your property well
Your personal situation will be the most studied by your banker, but know that the place and the type of accommodation to which you are destined also comes into play. The bank thus seeks to assess your chances of resale and therefore of capital gain. The larger these are, the more attractive your file will be.
What rate for your loan?
A real estate broker can help you strengthen your borrowing profile by refining it and increase your chances of obtaining mortgage. The mortgage broker is an expert and intermediary with banks. He will thus be able to file your loan application simultaneously with several banks and bring competition into play. A real estate loan broker will thus save you time on the delays in obtaining the loan offer, save money on the cost of credit and the conditions of the loan offer. You also gain in serenity if you have an administrative phobia because the mortgage broker assists you on this part.
