How to submit a mortgage loan application online?

Apply for a real estate loan online or in an agency? From your bank or a broker? Several solutions exist for applying for a real estate loan.

Request a home loan from your bank

You can apply for a home loan directly from your usual bank. Your banking advisor knows the history of your accounts, which can be an advantage. Simply make an appointment with your advisor: they will carry out a real estate loan simulation for you. You will have to negotiate the real estate rate yourself , and you do not have the guarantee that the proposed real estate loan will be the most advantageous.

Visit banking establishments

This approach can allow you to access more attractive real estate loan offers because you then put several banks in competition. But it is time-consuming . However, in the case of a real estate purchase, you generally have 45 days to obtain your financing . In addition, canvassing on your own does not guarantee you will obtain the best possible rate in relation to your project and your profile: negotiating is a profession!

Request a real estate broker

You can also apply for a home loan through a mortgage broker. The support of this credit professional will be invaluable to you. . , but also the best conditions (by negotiating for example IRAs – Early Repayment Allowances – or even the modulation of maturities) for your real estate loan. A fine negotiator, he benefits from a certain weight with the banks, as a business provider. But that’s not all: your broker also has extensive knowledge of banking deadlines. It thus knows which establishments have the shortest processing times depending on the activity of the moment, and therefore, which bank to direct you towards: let’s not forget that for a real estate purchase, you generally have 45 days to obtain your bank loan! The real estate broker therefore allows you to have an immediate and rapid response for your real estate loan request.

Define your borrowing capacity

This is THE first essential step before launching into your project. It is essential to determine the amount that you can borrow from a bank in order to avoid possible refusal of financing . Perhaps you are wondering what salary to borrow €150,000? Or what monthly loan payment can you afford with a monthly salary of €2,000? Borrowing capacity then makes it possible to determine it based on two key elements: the debt rate (maximum 35%) and the household’s remaining living expenses . The Empruntis real estate loan calculator allows you to instantly know the budget you have available to buy your future home.

Find the best real estate rate

This is certainly the most crucial step of your project: finding the best mortgage rate . In fact, the interest rate will determine the total cost of your loan. These rates vary from one bank to another, but also from one period to another. The rates valid in 2022 are not the same as those applied in 2023, for example. In addition, the conditions and criteria of banks for obtaining a loan may tighten depending on the period. So to put all the chances on your side, using a broker is very useful.

Expert in real estate credit, he is the most qualified to find you the best real estate rate for your loan, and the best conditions, according to your profile and your project. Above all, it will save you time. So, no need to go around to the banks: it will contact them for you to find you the best rate. In contact with partner banking establishments, he is then more inclined to operate his network and defend your case . And for that, you need a solid file.