Real Estate Loan

Thanks to the FINIFAC real estate loan, it is now possible to make your dreams come true when it comes to buying real estate. Why rent if you can buy?

A mortgage is a long-term loan granted by a credit institution to finance the purchase of a home. Several elements should attract your attention at the time of your search: the best mortgage rate, the borrower insurance rate but also the conditions of the loan (modularity, early repayment and penalties, transferability of the credit 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 a deposit?

It is very difficult to borrow without a deposit... Indeed, banks are sensitive to this because your deposit shows your involvement in your purchase project. The economic context, or even the recommendations issued by entities such as the HCSF (High Council for Financial Stability) also invite them to be cautious, and therefore to request this personal deposit.

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

• Notary fees : mainly composed of taxes (around 5% of the price of the property for an old home, 2% for a new home)
• Guarantee fees : deposit, mortgage or even lenders' privilege.

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