Borrowing while young and without having any contribution is not easy to undertake, simply, banks support these young consumers and allow them to obtain attractive rates.
Young people without contributions: mortgage
You can be young and have real estate projects, it is not incompatible and it is on the contrary a proof of maturity to want to embark on an investment to buy a house or an apartment. The banks simply do not have this opinion and put barriers to young borrowers with real estate projects. They very often condition the obtaining of the loan with a contribution, and do not forget to speak of advantageous conditions with this same contribution. In addition, young people being less susceptible to health problems, they do not necessarily need expensive insurance with many guarantees and this represents a shortfall for banks. Being young and wanting a home loan without contribution is not easy.
Getting a home loan while young
Age does not matter enormously in the context of a home loan, simply because it is the ability to be able to borrow and repay monthly loan payments that counts. A young borrower with a CDI contract job and no credit in progress will very largely be able to obtain a home loan, even if the latter does not have a personal contribution. It is therefore important to start your process by applying for a home loan at a financial institution offering a home loan. The ideal remains to solicit comparators because the rates can be different from one bank to another, some also have the habit of targeting young borrowers and therefore of offering them tailor-made financing solutions. Good to know: you have to have a precise idea of the amount of the house or apartment to buy and as part of a renovation,
How does the funding work?
You have to start your process by submitting a housing loan request, validation allow you to quickly receive several financing proposals based on different conditions: rate, duration, amount and monthly payment. The young consumer will have to establish a choice among the offers received and examine a file. It is the bank advisor who will be responsible for completing the file and collecting the supporting documents, it is a question of providing account statements, salary statements and classic documents such as the national identity card or even a rib. Good to know: the bank can ask that the accounts be domiciled in the establishment, this point must however be associated with an advantageous condition in return, as for example a preferential rate.