Your Fine Bank advisor intervenes fully at this stage to negotiate with banks the best offer on the market!
He keeps you informed at all times and remains at your disposal. We only leave you when you have signed your loan offer and the funds are in place to make your real estate purchase project a reality.
To each his own rate
Which rate should you choose? This is a very common question. Here is what we can teach you, technically, about the two main types of rates used in France.
You are not a big manager at heart, you like stable things, and you think “security” above all: the fixed-rate seems quite suitable for your project.
As the name suggests, it will not undergo any variation from the beginning to the end of the repayment of the credit. On the other hand, you will not benefit from potential gains if the rates were to fall.
The variable rate
This type of rate makes it possible to envisage downward variations and therefore potentially significant gains. You will then be recommended to follow the rate fluctuations carefully. This is obviously a less secure configuration than a fixed rate, but it allows you to make big savings on your reimbursements.
In all cases, a renegotiation of your loan will always be possible and will allow you to request the establishment of a fixed rate.
Your advisor will work with you to assess the different aspects of each rate and help you make the right choice.
To each his loan
Putting in place a mortgage, that is reflected. You must, of course, take into account your resources, your lifestyle, but also assess your current financial management. We will be there to direct you to the formula that best suits your situation.
Remember that a home loan will have a certain weight on your budget, but should not be a burden to carry for the next fifteen or twenty years!
The fixed-rate amortizable loan
It is the type of loan most commonly used by French individuals. The notion of depreciable credit means that there is a schedule of planned repayments of borrowed capital. You are of course required to honor each deadline.
In short, with this fixed-rate version, you are guaranteed to be able to repay a monthly payment with a stable amount, month after month, until the end of your loan.
The amortized loan at a fixed rate
It is the same principle as for the depreciable loan at a fixed rate.
The difference is that you opt here for a rate that will vary according to the fluctuations of the real estate market. The notion of the “capped” rate nevertheless allows you not to see it soar and exceed a certain threshold. It is a kind of railing that will give you some security.
The mixed formula
This is a formula that will allow you to go from a variable rate to a fixed rate.
Your first three to seven years of repayment start on a fixed rate, at a rate which is often advantageous, before switching to a capped variable rate which will follow the fluctuations of the real estate market.
It is a flexible formula that suits many borrower profiles.
The loan in fine
Mainly reserved for individuals benefiting from strong resources and for investors, this loan allows you to repay only the interest that you owe to the bank at first.
You then place, on life insurance, for example, the total amount of the property purchased. When the loan matures, you can then honor the capital borrowed with this investment in one go.
Currency loan on the border area
For example, if you buy a property in Switzerland, this formula may interest you.
The currency loan will allow you to make a property purchase abroad (in the border area) while staying in a French bank. However, be careful with the limited choice in loan insurance: some organizations only insure on amounts borrowed in dollars.