Real estate loans: good to know

Real estate loans: good to know

 

Real estate loans are granted by a bank or financial institution

Real estate loans are granted by a bank or financial institution.

Some lenders specialize in real estate loans , such as Crédit Immobilier de France, a specialist in social loans (this organization is, however, the latest news, in financial difficulties). The mortgage is always for a long time: at least 5 years up to 20 or 30 years, depending on the amount borrowed and repayment capacity of the borrower. This is a loan that is long-term and should never be written lightly.

Getting the best rate is a necessity , so do not hesitate to compete, comparing the conditions of the proposed credits. Start with a search on the internet, for example on a credit comparison, which will allow you to perform a simulation. Then contact several banks, or seek the services of a mortgage broker. Above all, avoid overvaluing your income in order to obtain a loan more easily and do not incur more than 30% of your net income: you might not be able to meet the deadlines!

A mortgage is usually fixed rate, over the life of the loan, and this is the most common situation in France

A mortgage is usually fixed rate, over the life of the loan, and this is the most common situation in France.

Nevertheless, there are some adjustable-rate offers. In general, a personal contribution between 10 and 30% of the necessary budget is requested by the lender, even if in certain situations you can get a loan for the entire amount.

In any case, it’s important to know that banks like to deal with customers they think they can trust. This confidence is traditionally measured by the personal contribution of the borrower: the more it proves that he knows how to save, the more likely he is to get his loan, but also to benefit from a better rate. TEG is the overall effective rate: this is the total cost of the loan to the borrower as an annual percentage of the credit amount.

The mortgage is secured by insurance

The mortgage is secured by insurance

The principal home loan can also be supplemented by other loans, depending on the amount you need to borrow. Finally, you should know that the lender has obligations to you: its first obligation is to advise you best, after thoroughly studying your financial situation. The second is to conduct a number of checks before paying the funds, especially if you buy in the new or if you have your house built: the bank must always check the certificate of delivery guarantee.

PCE (business start-up loan)

Single parent loan

Single parent loan

Ideal loan for families

Ideal loan for families

  • Start your loan request now (there is no contract yet).
  • After checking your request, the money is already in your account after 4 days.
  • You just have to accept our offer. If not, then not. No hook, no cost.

Single parents often have a hard time in life. If you have to raise your children without the help of your partner, you have more mental and financial stress. After all, you usually only have an income with which you have to feed the entire family. In most cases this is enough to cover the livelihood – but larger purchases are unthinkable for single parents. If you are a single parent and are planning an expensive investment, you can of course take out a loan. It is important that you are creditworthy and provide the bank with sufficient collateral.

Single parent credit – what are the problems?

Single parent credit - what are the problems?

Unfortunately, it is not easy for many single parents to get a loan. After all, they only receive a salary and thus have to feed the entire family. Better chances have single parents who get from their ex-partner maintenance for the children. This increases the total income, leaving you more money for other things. If you want to take a single parent loan, you need to prove that you can earn enough and easily cover all monthly costs.

Of course, lone parents have a harder time in this regard – those who have to feed themselves and at least one child have a heavy financial burden. For this reason, many banks demand collateral that ensures their solvency. Particularly popular is the appointment of guarantors, who pay for your loan debt in an emergency.

Single parent credit – find the best bank on the internet

Single parent credit - find the best bank on the internet

If you are interested in a single parent loan, then take a look at the internet. There you will find a large selection of banks offering low-interest loans with long maturities and low monthly installments. After all, not only the interest rates, but also the conditions when deciding on a loan are very important. Keep in mind that the single parent loan must fit into your life and not be an additional burden.

It is important that you minimize the risk of indebtedness and do not endanger your family. With perfect financial management and a lot of thrift, the credit will not hurt you, but will do you a lot of good.

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