By “good professional situation” we mean both stable and regular income allowing you to cover your costs but also a job that does not present too much risk for a bank.
If the permanent contract remains the Holy Grail, know that it is possible to borrow on a fixed-term contract or on a temporary basis.
As a general rule, banks appreciate a personal contribution equivalent to 10% of the amount borrowed . If this amount remains too large for you, be aware that they require at least borrowers to cover notary fees.
Manage your budget well
For banks, managing your budget well means not being too regularly overdrawn (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 income, but also large overdrafts.
Choose your property wisely
Your personal situation will be the most studied by your banker, but be aware that the location and type of accommodation you are considering also comes into play. The bank thus seeks to assess your chances of resale and therefore of added value. 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 borrower profile by refining it and increase your chances of obtaining a real estate loan. The real estate loan broker is an expert and intermediary with banks. He will thus be able to submit your loan application simultaneously to several banks and bring in competition. A real estate loan broker will thus save you time on the deadlines for obtaining the loan offer, save money on the cost of credit and the conditions of the loan offer. You also gain peace of mind if you have an administrative phobia because the real estate loan broker assists you with this part.
Faced with a refusal of a real estate loan application, are there any solutions?
By postponing your real estate purchase project for a few months, you give yourself time to clean up your finances and present green accounts to a lending organization.
This can also give you the opportunity, if the blockage comes from too little remaining living space, to turn to a property placing you in less financial distress .
Submit your file to another bank
If your bank has refused to grant you a real estate loan , know that it is better to expand your file to present it to other banking establishments rather than insisting with the first.
If you obtain a mortgage loan from a bank other than yours, you will be required to open a current account there and pay your income into it. So it more or less amounts to changing banks.
You can turn to general establishments (classic deposit banks), which have strong financial strength and can be flexible according to their current commercial strategy.
By contacting a bank specializing in personal credit, you will face organizations that are used to adapting to the situations of each borrower. You will not have to open a current account with them.
Finally, brokers can also help you. By comparing the different offers on the market, and presenting your file for you, they can make it easier to obtain your property loan. The price of a broker varies and you need to count between 800 and 1000 euros in commission for this work .
Compare home loan offers
In addition to all this advice, one of the most effective ways to easily and quickly obtain a real estate loan adapted to your profile remains the online comparison of numerous loan offers from specialized establishments.
