A mortgage is a financing solution intended for the acquisition of a house, land, apartment but also for works, obtaining it without contribution is entirely possible.
The mortgage is the reference product to become a homeowner, it is a loan whose minimum amount is 75,000 euros and it is often accompanied by a guarantee, either a mortgage on the property concerned, or a deposit with a company. of surety. Regardless of the loan subscription terms, a question will automatically come up with each housing loan application, namely:do you have a contribution? The financial contribution is a reality, it will reassure the bank on the sums lent and makes it possible to approach this loan more serenely but it is clear that not all borrowers have usable savings, or an available sum to come and inflate the loan amount.
The 110% loan is therefore the emergency solution, it is a mortgage whose amount is increased by 10% to cover the costs of underwriting the loan, this is what is generally absorbed by the personal contribution of the loan. 'borrower.
Some credit institutions grant more credit to the capacity of the borrower rather than to his contribution because a borrower having a large contribution but poor management of his bank accounts means that he has had a return of money and that his behavior is likely to persist, which can lead to possible unpaid mortgage monthly payments, this is how banks analyze borrowers. Conversely, a borrower with no contribution but a stable financial situation, well-managed bank accounts and regular income will be a more reassuring profile and will be able to obtain his mortgage without contribution.
There are therefore two weights two measures for the mortgage loan intended for households, in particular when the contribution may seem like a blocking element. Some establishments like this one also offer a free estimate of the feasibility of the mortgage without contribution, so it is easy and quick to know if the project is feasible.
