March 29, 2020 admin 0Comment

 

Find out how to get a big mortgage without having to contribute, while taking advantage of the best rates offered on the mortgage market.

How to get a big mortgage without having to contribute?

How to get a big mortgage without having to contribute?

Getting a home loan when the borrower is unable to provide a loan presents a first problem but when the amount of the loan is large, that is to say that we speak of “big credit”, the situation becomes slightly more complicated. The contribution serves as a guarantee to the banks, it is an important first indicator to judge the situation of the home. Indeed, a household that manages to save regularly for a project sends a positive signal to the bank advisor who sees in this savings a good management capacity.

The contribution also makes it possible to take care of the various costs related to the establishment of the mortgage, it simply means that the arrangement of the credit will be simple, it will not necessarily be necessary to provide a personal loan to finance the implementation place of the guarantee, the payment of the various administrative costs, the visit to the notary or agency fees. All these elements are to be taken into account when asking for a big credit from a bank, it is therefore necessary that the latter is able to respond to it, not all of them offering mortgage loans without contribution. The best solution is therefore to use an online comparator.

Compare offers for his big mortgage

Compare offers for his big mortgage

When we talk about home loans, we usually talk about amounts greater than 200,000 dollars and necessarily the more the amount will increase and the more the costs will be important. It is therefore necessary to find an effective solution to allow the borrower to finance his project and above all to guarantee him suitable repayment conditions, with an interesting rate to start with. It is therefore towards the 110% mortgage that the banks will direct requests for large loans. This financing makes it possible both to finance the acquisition and to take into account the different costs, so we are talking about an amount of 100% for the price of the house and 10% which corresponds to the financing of the different costs.

Whether the amount is 300,000 dollars, 400,000 dollars or 500,000 dollars, it is important to establish an online simulation to obtain a first feasibility opinion but also to find a bank capable of meeting this demand. Some agencies will not offer a 110% loan and others will specialize in this type of bank loan. It is therefore necessary to simulate and compare the proposals in order to be able to obtain the best rate and above all to finance your project under the best possible conditions. It is also important to think about borrower insurance which can represent in a mortgage a significant part of the total cost of financing, especially when the amount of the loan is above average. Note that the online simulation is free of charge and without obligation.

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