Real Estate Loan

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

A real estate loan is a long-term loan granted by a credit institution to finance the acquisition of housing. Several elements should attract your attention at the time of your research: the best real estate loan rate, the rate borrower insurance but also the conditions of the loan (modularity, early repayment and penalties, transferability of credit for example), etc. Taking out a real estate loan is a binding act which takes place over the long term: 10 years, 15 years, 20 years or even 25 years.

Is it possible to borrow without down payment?

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

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

• Notary fees : mainly composed of taxes (around 5% of the price of the property for old housing, 2% for new housing)
• Guarantee fees : guarantee, mortgage or even 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 in a Livret A, a contribution that you receive from your company, a donation, an inheritance. ..