Mortgage basics

All articles on this topic

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• Buying in co-ownership: securing the loan, the shares and the exit Buying jointly in co-ownership: what the bank requires, how to set fair shares, and how to exit while the loan is still running.
• Proof of funding: what it is really worth, and how to obtain it Requested by the agency before the viewing, the proof of funding does not bind any bank. The seven lines that give it weight, and how to obtain it.
• How long between the preliminary sale agreement and the keys? The actual timeline, and where to save time From sale agreement to keys, step by step: the legal deadlines that cannot be cut, those that can, and six levers to keep the timeline short.
• Mortgage financing condition: the four figures that protect you, and how to set them Drafted before the bank has spoken, the clause decides everything if the loan is refused: the four figures to include, how to set them, the wording to add.
• Building with a CCMI: financing the land and the house in the correct order One loan for land and house: the order of signatures, the documents the bank requires before its offer, and funds released as the build progresses.
• Can the bank require you to domiciliary your income with it? No text obliges you to domiciliary your income for a mortgage. Quantify the requested consideration and negotiate it before the loan offer.
• Mortgage application: the exact list of documents to provide The documents required by profile, the order that avoids a three-week delay, and what the bank really reads in your last three bank statements.
• Funding renovation work: yes within a mortgage, no with a standalone renovation loan Including renovation works in a mortgage: conditions, required quotes, release against invoices. And why a standalone renovation loan is outside my mandate.
• Guarantee, mortgage or IPPD: the true cost of securing a mortgage Guarantee, mortgage, lender's privilege: what each form of security costs, what you end up paying, and when the bank requires a mortgage.
• Debt-to-income ratio: the HCSF rule, its derogation margin and how the bank applies it Calculate your debt-to-income ratio as an analyst would: retained charges, residual income, HCSF derogation, and the levers to get back under the cap.
• Mortgage glossary: sixty-eight terms explained, and what each one changes for you APR, instalment, waiting period, release: sixty-eight mortgage terms defined in three lines, to read an offer or a notice without misunderstanding.
• Bank rate scale: why the displayed rate is not yours, and how to aim for the best line Grid by term, discounts, counterparties, insurance: read a bank rate scale as the bank does and identify what brings you closer to the best line.
• Loan smoothing: multiple loans, one instalment, the cost and what to demand One instalment for multiple loans: how the lender smooths the schedule, the cost, the effect on your zero-interest loan and the six questions to ask.
• Loan offer: cooling-off period, validity, and how to avoid starting over The cooling-off period is counted to the day, the validity of the terms, and the modifications that require a reissue: accept your offer without losing time.
• Mortgage refused: the 12 real reasons and the 15-day action plan Mortgage refused: identify the true reason among the 12 most common, correct it with evidence and resubmit in the right order within fifteen days.
• The cooling-off period for the preliminary sale agreement or the reflection period on the loan offer: no longer confusing them Cooling-off: renouncing the purchase. Reflection: not accepting the loan too soon. Start, form and effects of both periods, so you lose nothing.
• Acting as guarantor for a relative’s mortgage: what you are actually signing Acting as guarantor means paying a relative’s mortgage from your income and assets if they cease to pay. What you must check before signing.
• APR: How to read it and compare two loan offers without making a mistake The APR brings together interest, file fees, guarantee, required insurance and intermediary fees. What it contains, what it ignores, how to compare.
• Application rejected due to the usury rate: what the threshold measures and how to bring your rate back below it File blocked by usury? The threshold is compared with the APR, insurance and fees included. Where to find the quarterly rate, and three levers to get under it.
• Works voted on in a co-ownership before your purchase: who pays, and on what date Works voted on before the sale of an apartment: what the 1967 decree places on the seller or the buyer, and what the preliminary sale agreement can change.
• Off-plan purchase and construction: funding calls, interim interest and amortisation deferral What you pay between the signing and the delivery of a new home: the schedule of funding calls, interim interest, deferral, insurance.