Not preparing your financial situation and underestimating
Posted: Thu Jan 23, 2025 9:01 am
Other changes Contrary to expectations, the Zero-Rate Loan (PTZ) will not be reformed this year, but has nevertheless been extended until December 31, 2023. Like the PTZ, the zero-rate eco-loan (eco-PTZ) has also been extended by two years. This system aimed at financing energy renovation work was even strengthened on January 1, 2022. Indeed, its amount can be up to €50,000 and it can be repaid over 20 years. In addition, for a few months now, you have been able to directly apply to your bank for an eco-PTZ coupled with the MaPrimeRénov aid. To do so, you simply need to present an agreement in principle of eligibility for MaPrimeRénov' from Anah.
Finally, the famous housing savings iceland phone number list plan (PEL) which allows you to build up savings with a view to purchasing real estate has received some good news. Its remuneration has increased from 1% to 2% on January 1, 2023Mistake #1: the rent for your rental project The first mistake you can make is not preparing your financial situation. It is important to take stock of your financial situation before applying for a mortgage. This involves checking your debt ratio, estimating your expenses and income, and estimating the amount you want to borrow.
For a rental project, it is therefore important to correctly estimate the potential rent of your property. If the estimate is too high, this can harm the profitability of the project and degrade your argument to the banks. It is therefore essential to carry out a market study to find out the rent charged in the geographical area where your property is located. Mistake #2: Not comparing mortgage offers The second mistake is not comparing mortgage offers. It is important to carefully study the different offers proposed by banks to find the one that best suits your profile and your real estate project.
Finally, the famous housing savings iceland phone number list plan (PEL) which allows you to build up savings with a view to purchasing real estate has received some good news. Its remuneration has increased from 1% to 2% on January 1, 2023Mistake #1: the rent for your rental project The first mistake you can make is not preparing your financial situation. It is important to take stock of your financial situation before applying for a mortgage. This involves checking your debt ratio, estimating your expenses and income, and estimating the amount you want to borrow.
For a rental project, it is therefore important to correctly estimate the potential rent of your property. If the estimate is too high, this can harm the profitability of the project and degrade your argument to the banks. It is therefore essential to carry out a market study to find out the rent charged in the geographical area where your property is located. Mistake #2: Not comparing mortgage offers The second mistake is not comparing mortgage offers. It is important to carefully study the different offers proposed by banks to find the one that best suits your profile and your real estate project.