Making a real estate purchase can seem complicated. In order to control the loan, various parameters must be taken into account, in particular the rate, the guarantee and also the insurance. We take stock.
Becoming an owner can sometimes be an obstacle course. The real estate fair in Toulouse, which takes place from Friday October 1 to Sunday October 3, at MEETT, the new exhibition center, is an opportunity to take stock of the mortgage loan and the pitfalls to avoid.
The rate is closely observed by future owners. But rightly? According to René Bastardy, manager of the brokerage firm in real estate loans and financial investments Toulouse Crédit, everything depends on the purchase. “The simplest loan is for the purchase of an existing property. The lowest rate is necessarily the most interesting. This can represent 70% or 90% of the optimization of the loan. On the other hand, the You buy, you build, and you pay back when it’s all done. For one year, the average duration of a construction, the bank charges you interest. So it is best to choose one that can amortize a loan immediately with a rate a little higher than taking monthly withdrawals, “he says.
Prospective buyers routinely entrust loan collateral to conservative companies rather than mortgages. “They are more protected if they go through a mortgage. The banker can only take the house in the event of non-payment. The surety company can also seize the bank account,” said René Bastardy.
Insurance, often priced in the bank where the loan is made, can be lump sum or indemnity. “The lump sum, in case of illness will reimburse you. The indemnity will only compensate the loss of wages”, specifies the courtier who reminds future buyers to use outside insurance, which can cost less.