Real estate project to finance: how to choose a bank?

Whether in the context of a construction, a purchase in the old or for a large housing renovation project, the mortgage requires to file a file with a financial institution, here is how to find the best bank.

Undertake a real estate project

Undertake a real estate project

A real estate project results in the purchase of a good, which can be done in first accession or second investment. You should know that the mortgage is accessible from a minimum of 75 000 euros of purchase, it may as well concern the purchase of a property that its renovation, borrowers can also cumulate with loans aided as the PTZ or the employer loan. For funding to become a reality, it is possible to begin comparative approaches, but the right organization must be found.

A mortgage can be subscribed in different ways, the first step is often the one borrowed by most consumers, namely to turn to their bank deposit. You should know that it is also possible to go directly to the competition, or through a broker. Credit institutions also offer financing offers, they are generally the most competitive in terms of credit and interest rates.

Which bank to finance its mortgage?

Which bank to finance its mortgage?

Several criteria can be taken into account in the choice of the bank to finance its real estate project, there is first of all the contribution. Some entities require a large personal contribution, a minimum of 30% in order to access the loan offers, other banks skip this requirement to attract more customers. The repayment period is also an important element as some institutions prefer short terms and profiles with significant borrowing capacity, while others will offer financing over more than 25 years, even up to 35 years.

All these banks and offers are not necessarily easy to find during the process, the comparators can accurately probe the mortgage market and guide the borrower’s request to the right agency. Note that the loan guarantee can also play in the balance, that is to say that some banks offer the mortgage, the other bond, or both at the same time.

How to compare the offers of banks?

How to compare the offers of banks?

The best alternative to date is to deposit a real estate mortgage simulation, this allows to quickly obtain the best offers of home loans according to its current financial situation and especially its need for financing, it is faster and more adapted to move towards the best banks. The interest is also to be able to note the proposed rates, from one bank to another and therefore to choose the best offer, according to its own criteria.

A well-positioned bank must also be able to offer an adjusted income domiciliation offer, just like the borrower insurance, so these are two elements to take into account with the credit offer to determine the value of a real estate project. Counseling and accompaniment also remain key elements.