When a banker studies a borrower’s financing, is he only interested in the financial aspect? False, several aspects are taken into account, the human criterion, the legal aspects, the economic environment and of course the financial elements. Real estate loans are not always reimbursed in constant monthly payments?
False, the amortization table can consist of:
- progressive monthly payments, but almost all the banks have abandoned the formula.
- or provide for a deferred period (reimbursement of interest only during a given period
- or a franchise period). Principal and interest are repaid at a later agreed date
Can there be more than one mortgagee registered on the same property?
True, but they do not have the same rank. If the conventional mortgage confers on a right of preference compared to other non-mortgage creditors, it does not prevent that each mortgagee has a rank that determines the order of priorities during the sale of the building.
The rank depends in principle on the respective dates of registration of mortgages at the mortgage office.
Does the banker always ask for guarantees for the granting of a mortgage?
True / False Very frequent indeed in case of a mortgage. Can you have several ELPs and therefore benefit from several state premiums? False, an individual can only have one ELP.
On the other hand, it can cumulate a PEL and a CEL if the 2 devices are held in the same bank.
A single premium paid and capped at $ 1,525 (or even $ 1,000 depending on the case) with the possibility of an increase in the case of dependents at the time of the credit application.
Can a mutual guarantee company refuse my file?
True, depending on your file (no contribution, significant debt, etc.), the mutual guarantee organization may refuse to grant you this guarantee.
You can send your request to several different companies. If I am “FICP registered”, will my credit be refused?
True, an entry on this file prohibits obtaining funding until regularization.
This file (File of incidents of repayment of loans to individuals) is under the authority of the Banque de France which lists the incidents.
You can be deleted from this file if you fully rectify your situation.
Married under the communist regime, if my husband is surety alone, my own property is also committed?
False, only his own property is engaged. If you give your express agreement to the bond, your husband’s own property remains committed to the system, but also the common property and not your own property.
If I buy back credit, can I again benefit from a PAS loan again?
False, if you repay your PAS in advance, you will not be able to take out another PAS loan with a different bank. Only the classic loan will be possible for you and therefore you would lose the advantages linked to the PAS (housing allowance, reduced mortgage costs, free extension of deadlines in the event of unemployment, etc.).
Can the bank refuse me my loan if I refuse to take out death insurance through it?
False, the bank can refuse you the loan, but this refusal cannot be based on your choice to take out delegated insurance. Nor can it claim additional filing fees or a different credit rate than that originally provided in response to your choice to opt for personalized loan insurance.
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