Of course, it is not always enough alone to convince the banks, which also focus on the ability of the borrower to repay. Still, in practice, the personal contribution can be important to achieve a demand for mortgage and its proposed acquisition.

Real estate purchase: the interest of the personal contribution

Real estate purchase: the interest of the personal contribution

In the context of a real estate purchase project, whether investing in a building plot, a house or an apartment, the personal contribution plays a role often decisive for subscribing a mortgage. If this sum of money available, the result of savings, a loan with zero plus or inheritance, for example, remains theoretically optional to obtain a mortgage, it remains, in practice, a real more.

Low mortgage credit rate: an effect on the use of personal contribution?

Low mortgage credit rate: an effect on the use of personal contribution?

Mortgage rates are currently at their lowest historical level in France. They average 1.43% nationally according to the Housing Credit Observatory / CSA. A situation which, in principle, is favorable to all investors, whether or not they are in charge of a personal contribution. However, the profiles of borrowers with a strong personal contribution can be in conditions even more comfortable to negotiate with their banker advantageous interests.

What contribution to have in the ideal?

What contribution to have in the ideal?

You are carrying a project of acquisition of real estate? Providing a contribution covering the costs of acquisition ( notary fees , guarantee, among others), about 10% of the value of the property is a good basis, but it can of course be higher. In 2017, the average contribution observed in France was around 15 to 20% according to the Credit Longert / CSA Observatory.

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