It is difficult to miss the work when you buy an old house or have it built, there is always a project to realize but above all to finance. Different financing solutions can do the trick, here are the main ones.
The works loan is a consumer credit whose amount cannot exceed 75,000 euros. This is the preferred financing of the French because the banks bet a lot on this financial product often quickly accessible and by providing only a few supporting documents. This loan is said to be affected, that is to say that the funds will only be released if the project is carried out.
The personal loan is an unaffected consumer credit, that is to say that it can be obtained freely, without having to justify its use. If this loan is starting to be debated (terrorist financing for example), it nevertheless helps many households in their work, especially when there are unforeseen expenses or materials to buy back in the meantime.
The mortgage makes it possible to finance works from 75,000 euros, so we are talking about very large works which are often associated with the purchase of an old building. Simply, the costing goes very quickly when it is necessary to redo an entire house and it is preferable to integrate in this loan the purchase amount of the house as well as the works, good to know, this loan can be concluded even without have contribution (find out more).
If the repurchase of loans is known to make it possible to reduce its monthly payments, it can also make it possible to finance a personal project such as work for example. Rather than accumulating monthly payments, some borrowers prefer to consolidate everything into a single loan in order to repay a single smaller and less restrictive deadline. This site offers to find out more about the procedures for buying back credit.
The loan of money between individuals is relatively recent on the credit market, it is an anti-bank solution which some are more and more interested in financing their work. The principle is simple:an individual lends another individual a sum of money, they agree on the repayment conditions but also on the amount of interest. Ideally, a contract should be drawn up with all the specifics and signed by both parties.
