The mortgage guide: tips and information

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Whatever your real estate project, there is real estate credit, intended to assist you in financing all or part of your needs, whether the acquisition of a property, a construction operation or work on your property.

The mortgage lends itself to your bank, another competing bank, or a lending agency specializing in real estate. Framed by the law, mortgage credit, especially in its recent form, is intended to protect the consumer / borrower.

A mortgage adapted to your needs

A mortgage adapted to your needs

There are several forms of mortgage loans to better meet the needs of each. Generally, it is granted by the lender for a period of 20 to 30 years on average. The borrower repays the amount borrowed – the principal – in monthly installments as well as the amount of interest. As part of a home loan, the amount of interest may vary. This can be fixed at the signing of the contract according to the real estate market in force and remain the same throughout the duration of the loan; this formula is interesting when the rates are very low. But the amount of interest can also be variable and follow the price of the real estate market until the maturity of the credit; this formula is preferred when rates are high, but it does not allow easy monitoring of its finances. Other forms of interest are possible, discover them with the advice of our financial experts.

Get a low interest rate home loan

Get a low interest rate home loan

To obtain a mortgage at preferential rates – or at least interesting – it is important to inspire confidence in the lender. For that, make sure you have a solid file. The bank or credit institution will only grant you your loan if you have a reliable profile; to find out, he will study your income and your banking attitude, he will calculate your debt ratio and he will appreciate the value of your personal contribution, if you have it. If your profile is interesting, do not hesitate to use it to negotiate a favorable rate. Our advisors tell you everything about building a good record!

To find out more about real estate loans and to choose the formula that fits your project, discover the advice and information of our real estate loan advisors. They will guide you step by step for a successful investment!