Real estate credit: you want to buy, here are some tips for obtaining the best loan conditions

Real estate, practical life - consumption, economy published le, updated

Interest rates are maintained at a historically low level.Here are some tips for negotiating your mortgage.

This is a new reassuring for future owners: they will still be able to borrow in 2021 at very low cost, around 1 % over fifteen years, announces Capital.The rates will indeed remain very interesting and should not rise by more than 0.3 points even if inflation was coming up by the end of the year.Here are some tips if you want to borrow.

1. Negotiate borrower insurance

Weight argument: specialized companies cost cheaper.Intended to reimburse the capital due in the event of death or disability, this borrower insurance is calculated as a percentage of the amount loaned, the applied rate varying according to the age and state of health of the borrower, criteria having nothingTo do with the financial markets, specifies Capital.

To lower your cost, negotiate with the bank or ask for the "delegation" of this insurance to be able to subscribe to a specialized company.

2. Backiness rather than taking mortgage

It is a formula without a notary and above all less expensive: the surety.You pay the surety company, and it is she and only she who will reimburse the bank if you are faulty.Usually, the banker offers you an additional guarantee, in the form of a mortgage or a "privilege of the lender of deniers" (PPD).These two formulas allow the banker to be paid anyway in the event of unpaid mortgage mortgage.

3. Calling brokers

They are empowered to negotiate credit for you and will save you crazy time.No need to prospect banks to find the cheapest credit.

4. Cumulate contribution

It is an LCI advice, because banks do not lend almost nothing without contribution.Real estate credits no longer bring them back and ask their customers a participation of at least 10 % to lower the risk they take by lending.Sandrine ALLONIER advises our colleagues to finance 20 % of the purchase with equity to lower the rate and possibly the duration.

Also check if you are eligible for the 0 rate loan (in case of first purchase and if you have little income).There are also other assisted loans: the housing action loan, the loan to civil servants, the social accession loan or the approved loan.

5. Watch out for your expenses

Banks will trust you more if you master your expenses.Avoid finding your request in the previous months.

If possible, reduce your other credits to reduce your debt rate.

6. Have the competition

Brokers, as Sandrine Assonier interviewed by LCI said: commercial strategies differ between banks, and even depending on the time of the year in the same establishment.With the same profile, the differences between the proposals can reach 0.6 points: for a credit over 20 years, for example, banks offer a rate of 0.9 while others prefer 1.5 %.So do not hesitate to negotiate.

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