COURTIPRETS Three good news for borrowers
Info Live : Questions you can ask yourself ?
Immobiliers : Trois bonnes nouvelles pour les emprunteurs
Source Le Progrès par C CHALOIN le 08/01/2021
Info Live : Questions you can ask yourself ?
Falling mortgage rates and usury rates rising for the 1st quarter 2021, combined with the relaxation of the recommendations of the HCSF at the end of December ... These three factors should make it possible to resolve some borrowers and reduce the number of refused applications.
Credit rates were already trending down at the start of the school year 2020. However, this did not prevent the increase in the number of rejected loan files by banks (with a rate exceeding 10% with certain mortgage brokers).
La raison principale : the tightening of the conditions for granting real estate loans, banks applying since the end 2019 the recommendations of the High Council for Financial Stability (HCSF).
Bonne nouvelle : end 2020, this one relaxed its requirements. Autre bonne nouvelle : the Banque de France published increased usury rates for the 1st quarter 2021. These conditions should make it easier for certain profiles to borrow to carry out their real estate project.
Credit rates approaching historic lows
According to a mortgage broker, ten banks, national or regional, have lowered their credit rates for the month of January, from 0,05% at 0,20%, when others have left them stable. No bank has raised its rates.
The announced reductions only concern certain profiles, but not necessarily those with the highest salaries, which had not been observed for several months ...
« En ce début d’année, we note the willingness of banks to lend and thus win new customers, with a larger target, may relate to less coveted profiles last year with lower income or projects other than the purchase of a primary residence. From this point of view, l’année commence bien pour ceux qui souhaitent réaliser un achat immobilier ».
On average, the rates are currently 1,05% sure 15 years, 1,25% sure 20 years and 1,45% sure 25 years, falling rates of the order of 0,10% on average compared to January 2020.
A colleague in mortgage loan confirms this downward trend. According to him, currently, borrowers can consider a mortgage at the average rate of 1,15% sure 20 years, and the best profiles can negotiate an exceptional rate of 0,59% sure 20 years.
« Cette année démarre sans conteste sur les chapeaux de roues ! Les banques mettent la gomme pour séduire les emprunteurs solvables avec des taux qui frôlent les plus bas historiques ».
Des taux d’usure en légère hausse : a good thing
Usury rates are the maximum rates beyond which a banking institution is not allowed to lend money.
To determine them, each quarter, the Banque de France collects the average effective rates charged from banks, according to each loan period.
These rates are increased by a third to become the wear rates. These are then used for the following quarter.
This is the annual percentage rate of charge (TAEG) credit which must not exceed the usury rate. The APR includes the nominal rate of the loan but also the application fees, the cost of compulsory insurance and guarantees ...
Since January 1, usury rates have increased slightly, especially for loans with terms of less than 10 years (+ 15 basis points) and on durations less than 20 years (+ 5 points).
It is almost stable over the periods of 20 years and older, at 2,6%, after going down to 2,51% in the 2nd trimester 2020. Either its historic low which had led to the exclusion from the market of many potential borrowers ...
« Cette remontée du taux d’usure, in a context of declining credit rates, est une bonne nouvelle car cela va redonner de l’air au marché : a year ago, many loan refusals were linked to the level of usury rates, lower than now, in a context of higher credit rates. This should make it easier for some borrowers to obtain their credit, provided of course that they are fundable "analysis of a colleague.
However, some are still penalized by wear rates, for example seniors because of the weight of borrower insurance.
De l’apport sinon rien !
With these attractive rates, banks want to attract new customers, but always under conditions. The requirement for a contribution remains present, even for the most beautiful profiles.
« Une banque en Île-de-France conditionne même à présent ses meilleurs taux à un apport de 10% ! Plus que jamais la préparation de son projet est la clé de la réussite ! ».
Why waste your precious time going around banking establishments the duration of the conditions precedent pass very quickly.
I suggest that you be your single point of contact and work for you with my various banking partners to find your personalized solution adapted to your financing project.
Call on your Real Estate Credit Expert to support you towards the success of your project, a well-prepared file sent to the right banking partner can change everything !!!
Call me at 06 31 48 62 13 or by mail gilles.goue@courtiprets.fr, to discuss your project.
A loan commits you and must be repaid. Check your repayment capacity before you commit.
https://gilles-goue-hello-courtiprets.business.site/
#loanbroker #courtierassuranceenligne #courtierenligne #insurancedepretsenligne #regroupementdecreditsenligne #courtierassurancepretenligne #etudedecapacitedempruntenligne #etudedepretenligne #restructuringfinancierenligneedligne #accompaniment #neessassurance #project
