Whether it is the purchase of land, an apartment or a house, a construction or a renovation, it is an important investment that will accompany you for many years. years. It is therefore essential to prepare the ground well.
- Before taking out a mortgage loan, ask yourself:
- Can part of the investment be financed by your savings?
- What total amount do you want to borrow ? Do not forget the renovation costs, from the architect's plans to the installation of the last screw. And take into account the significant costs associated with your real estate purchase . Wikifin's real estate simulator will help you calculate this amount quickly and for free!
- How much can you repay per month? This amount will determine the duration of the credit.
- Are you ready to take certain risks, for example by opting for a variable rate loan rather than a fixed rate?
- Are you entitled to federal or regional aid ?
- Take the time to answer these questions precisely.
Also make sure you are well informed about your rights and obligations. A mortgage loan is a long-term commitment. When all goes well, you won't hear from your bank. But if you were to have difficulty repaying your credit, the situation will be completely different.
