Comparator Of Mortgage Credit: How To Get A LoanFinance
Many individuals would like to get a home loan to buy a new home. The home loan offers are diverse and varied and it is better to study them with the help of a comparator of real estate credit, or mortgage simulator. However, it is necessary for the borrower to master the steps of the process leading up to the granting of the loan. Discover quickly the path to follow until obtaining a mortgage.
Signature of a promise to sell
Once you come across the perfect house, steps must be taken not to let it slip through your fingers. To do this, the borrower must, before applying for a loan, secure the place by signing an act or a promise to sell.
This is a suspensive clause to establish with the seller, if you do not want an interested customer to offer a better offer. However, the period of validity of the act of promise of sale extends to 45 days, stipulated in the contract.
Use a real estate credit comparator, or mortgage simulator
Before choosing, you have to compare. Indeed, finding the mortgage that best suits your finances requires the use of a real estate credit comparator. Several sites allow you to study various offers of loans to choose the most advantageous.
To do this, several aspects are scrutinized by the mortgage simulator. Among these are the mortgage rate, the repayment term and the borrowing conditions.
Preparation of the file for the loan application
The mounting of the file is a crucial step in obtaining a mortgage. It is already a success that you have found the ideal loan with the comparator of real estate credit. However, it is important to build the perfect record, including:
- a copy of your identity document;
- your payslips;
- your bank statements
- a copy of the promise of sale.
The bank or funding structure will be responsible for reviewing the file and then returning you by mail.
Establishing Agreement in Principle and Opening an Account
After choosing the loan thanks to the comparator of real estate credit and the validation of your file, the bank is ready to provide you with an agreement in principle. It is an indispensable document to continue the steps of obtaining the mortgage loan.
In addition, the bank from which you purchase a credit may require you to open an account to which each of your income will be transferred. This will allow him to collect monthly payments each month during the repayment period.
Presentation of the final offer of real estate credit
Before the borrower receives his credit, the bank will have to submit a copy of the mortgage model. This document presents the characteristics of the credit selected using the real estate credit comparator.
The regulations require the bank to be completely transparent when submitting the terms of repayment of the mortgage.
Validation of the mortgage loan offer by the borrower
The penultimate stage consists of the validation of the terms of repayment of the mortgage loan. For this, the borrower has a minimum of 10 days to think before agreeing. Caution is required because it is a commitment over several years.
Once the decision is made, the borrower must proceed to sign the document intended to present the conditions of the mortgage. The sending of the document by mail must be done before the end of the period granted to the borrower for reflection.
Reimbursement of the credit after signature of the deed of sale
Once the mortgage has been granted, signing the deed of sale in the presence of a notary is normally more than a mere formality. The following month, a first monthly payment will be paid by the borrower. With a mortgage simulator, you have the insurance to choose a loan offer whose repayment will be easy.
However, the borrower may, during the refund, be subject to certain penalties presented on this site.
All our information is, by nature, generic. They do not take into account your personal situation and do not constitute in any way personalized recommendations for the realization of transactions and can not be assimilated to a financial investment advisory service, or any incentive to buy or sell instruments financial. The reader is solely responsible for the use of the information provided, without any recourse against the publisher company website is possible. The responsibility of the publisher company website will in no case be engaged in case of error, omission or inappropriate investment.