Article published by Cafpi
You can follow many tips to significantly lower the cost of your mortgage. Of course, this is to take your financial situation into consideration.
Negotiate the mortgage rate
To reduce the cost of your mortgage, it is completely legitimate to take an interest in the nominal rate. This directly depends on your loan profile and the length of your credit. Therefore, to benefit from the most advantageous rate possible, it is strongly recommended to contact aa CAFPI real estate agent. Your role will be absolutely crucial in order to benefit from tailor-made support.
They will take the time to prepare your file and will consult with various lenders in order to direct you towards the most advantageous mortgage. As a bonus, he can also assist you in choosing mortgage loan insurance. The professional has every reason to be involved in your practice, because his remuneration will directly depend on your satisfaction.
The importance of negotiating ancillary costs
When you add up all the incidental costs, they make up a significant portion. They often come to several thousand euros, but know that a negotiation remains perfectly possible. Once again, the solicitation of a real estate broker will be advantageous for you, because the professional carries out the constitution of your practice upstream and focuses on the financial arrangement.
“When you can, choose the lender rather than a mortgage, because the costs will be lower while the transaction remains similar”
As for the guarantee costs, they remain specific to the guarantee of your mortgage. Namely the mutual guarantee, the privilege of the moneylenders or the mortgage. However, be careful that the amount of the costs remains very variable depending on the type of guarantee stipulated. When you can, choose the money lender over a mortgage because the costs will be lower while the deal remains similar.
Focus on insuring your mortgage
Many borrowers still make the mistake of taking out bank insurance with the lender. However, you have complete freedom in delegating mortgage loan insurance. So if another property offers you a more attractive rate, don’t hesitate to commit.
Since the Hamon Act went into effect in July 2014, you are free to switch mortgage loan insurance beyond the first year. The only obligation is to offer a similar contract to your bank. So, to help you through this process, you once again have every reason to go to a real estate agent. The latter will have no problem finding the best contract, i.e. the one that exactly matches your situation and needs.
Don’t wait to save on your mortgage
As you can see, there are several ways to reduce the amount of your home loan. But if you don’t feel comfortable with the various administrative procedures, it is always interesting to be accompanied by a specialist. More specifically, a real estate agent who will give you specific insight into the situation.
