Access to property implies having sufficient financial capacity, which can sometimes be hampered by loans in the process of being repaid. Here are the solutions to be able to buy a house.
Borrowing from banks requires having sufficient financial capacity to be able to support a monthly mortgage payment for several decades. The French borrow on average over 25 years but for their ability to borrow, it is the banks that set the limits with in particular the debt ratio which must not exceed 33%. As mentioned on the lagrillededestaux.fr website, you need to know your ability to borrow in order to be able to define precisely the amount of the mortgage that you can obtain.
It is therefore necessary to take the basic information such as the salary and the monthly payments of credits in progress. With a net salary of 2000 euros monthly, you can devote up to 660 euros monthly to the repayment of a mortgage. Simply, if the household already has credits in progress, it will be necessary to subtract from the 660 euros the monthly payments of the other credits, which can ultimately make it impossible to buy the house. In this case, having recourse to a repurchase of credit can allow a tenant borrower to reduce his monthly payments by more than half in order to then be able to turn to the mortgage.
Auto loans, personal loans and other consumer loans can destroy the chances of buying a house and therefore becoming a homeowner, but all is not lost. Indeed, it is still possible to readjust the situation by reducing the monthly payments of current loans by more than half. The idea is simply to contact a credit institution specializing in loan consolidation, an operation allowing you to redeem your current credits and then repay a single, greatly reduced monthly payment. With this type of financing, the rental household can therefore reduce the share of consumer loan repayments and accommodate a larger monthly mortgage payment, thus making the project of buying a house feasible.
To be able to check if this solution can be applied in your case and in your situation, it is strongly advised to carry out an online loan buy-back simulation. This makes it possible to file a request by specifying the amount of each credit remaining to be repaid, the form makes it possible to compare the offers and to receive several proposals to then set up the credit consolidation. After financing, the borrower can go back to the bank and consider his home purchase project, whether it is a purchase in the old, a house construction or a renovation project.
