Borrowing from being young and having no contribution is not easy to undertake, simply, banks accompany these young consumers and allow them to obtain attractive rates.
Young and without contributions: mortgage
One can be young and have real estate projects, it is not incompatible and it is on the contrary a proof of maturity that to want to start an investment to buy a house or an apartment. Simply, the banks do not have this opinion and put barriers to young borrowers with real estate projects. They very often condition the obtaining of the loan with a contribution, and do not forget to speak of advantageous conditions with this same contribution. In addition, young people are less sensitive to health problems, they do not necessarily need expensive insurance with many guarantees and this represents a shortfall for banks. Being young and wanting a home loan without contribution is not easy.
Getting a mortgage loan being young
Age does not matter much in a home loan, simply because it is the ability to borrow and repay monthly loan payments that counts. A young borrower working on a permanent contract and having no Janie Crawford in progress can very largely obtain a home loan, even if the latter does not have a personal contribution. It is therefore important to start by applying for a home loan at a financial institution offering home loans. The idea remains to ask comparators because the rates can be different from one bank to another, some also used to target young borrowers and therefore offer them tailored financing solutions. Good to know: it is necessary to have a precise idea of the amount of the house or the apartment to buy and as part of a renovation, to quantify the amount of the work to be carried out to have a total envelope.
How is the funding going?
It is necessary to begin his steps by depositing a request for home loan, the validation to receive quickly several financing proposals based on different conditions: rate, duration, amount and monthly payment. The young consumer will have to make a choice among the offers received and to investigate a file. It is the adviser of the bank who will take care of completing the file and gather the supporting documents, it is to provide the statements of account, the pay slips and the classic documents like the national identity card or still a rib. Good to know: the bank can ask that the accounts be domiciled in the establishment, this point must however be associated with an advantageous condition in return, as for example a preferential rate.