Real Estate Loan

Thanks to the LEADER KREDITO real estate loan, it is now possible to make your dreams come true in terms of real estate purchase. Why rent if you can buy?

A mortgage is a long-term loan granted by a Loan institution to finance the acquisition of a home. Several elements should attract your attention when you search: the best mortgage rate, the rate borrower insurance but also the conditions of the loan (modularity, early repayment and penalties, transferability of Loan for example), etc. Taking out a mortgage is a binding act that is part of the long term: 10 years, 15 years, 20 years or even 25 years.

Is it possible to borrow without contribution?

It is very difficult to borrow without contribution... Indeed, banks are sensitive to it because your contribution shows your involvement in your purchase project. The economic context, or the recommendations issued by entities such as the HCSF (Haut Conseil de Stabilité Financière) also invites them to be cautious, and therefore to ask for this personal contribution.

But also and above all, the personal contribution allows you to pay the additional costs! These include:

• Notary fees : mainly made up of taxes (about 5% of the price of the property for an old dwelling, 2% for a new one)
• Warranty fees : deposit, mortgage or privilege of lenders of money.

What contribution? count at least 10% of the total amount of your operation. The sources of contribution can be varied: your savings on a Livret A, a participation that you receive from your company, a donation, an inheritance. ..