If you want to finance the purchase of your home or its construction (with or without the purchase of land), you can apply for a real estate loan. If the bank accepts your request, it will send you a loan offer. Before accepting the offer, you must respect a reflection period. But you can choose to decline the offer. We present to you the steps to follow. A real estate loan must finance the completion of a real estate project. This may include one of the following projects: Buying building land, Building housing, Buying housing, Buying housing and carrying out repair, improvement or maintenance work, Buying shares of real estate companiesThe total amount to be financed: You must determine the total amount of the real estate transaction to be financed, by adding the following costs: Sale price of the accommodation or cost of construction, possibly sale price of the land, Notary fees, Remuneration of the real estate agent (possibly), Loan processing fees, Borrower insurance processing fees,Cost of the lender's guarantee (cost of taking out a conventional mortgage or the special legal mortgage of the lender of funds or the bank guarantee), Fees for opening a bank account (in the event of a new domiciliation of income) , Broker's remuneration (if applicable), Amount of your savings, To know the amount of your savings, you must add the following sums: Amounts placed in a bank account, a housing savings account (CEL) or a savings account (livret A, d popular savings or sustainable development), Amount of the company savings plan, You can use all or part of this total amount to partly finance your real estate project. This amount will then be called personal contribution. Borrowing capacity: To determine your borrowing capacity, you must take into account the following elements: -Interest rateFor the borrower, price to pay for the amount borrowed. For the lender, remuneration for the amount loaned. of the real estate loan, Cost of borrower insurance, Desired loan duration, Monthly payments that you want to repay.
