If it is possible to deceive the algorithms of a Chabot, it will not be possible to mislead the customer advisor of a bank. The latter is trained to verify the accuracy of the information provided by the borrowing candidate. And if ever his client exaggerated the truth, or worse: lied, he will penalize him.
It is therefore important to provide the information requested accurately. On the other side of the machine, real estate best home loans brokers will evaluate their case based on:
- its net income .
- His debt.
- His age.
- His professional situation.
- The state of his bank accounts.
A simulator will ask you to provide information on these important points. Depending on the result, it will show you the rates you can expect. This information is based on real estate rate schedules that banks send to brokers.
These scales depend on your situation, you could be denied a home best home loans even after a positive simulation, if the information you have provided is not justifiable.
Fill out your mortgage application in an honest way, it does not commit you to anything and you will receive an accurate estimate of your borrowing capacity.
Should we find a home before obtaining a mortgage online?
No bank will credit the amount of the mortgage on your bank account, without knowing the exact address of the coveted home. You should know that a home loan is assigned a specific purchase, just as in the context of a consumer loan.
However it is not necessary to find a home for sale before applying for a home loan. Most of the requests received by brokers come from families doing their first steps. Before looking for a house or apartment, it makes sense to start by calculating your borrowing capacity.
Feel free to use our credit calculators to help you. However a real simulation done by a mortgage broker will be closer to the reasoning of the banks.
own long will your best home loans proposal be valid?
The credit proposal you receive after your request will remain unchanged as long as:
- Your job situation has not gotten worse.
- Current property rates have not fallen.
- The prices of m² did not vary too much.
From the elements of your file, the financial institutions that you will request will perform a simulation that will enable them to formulate a possible agreement in principle and to issue a mortgage offer: amount, duration, rate, best home loans insurance guarantees required. …
Note: It is not essential to have a personal contribution to obtain a mortgage. Depending on your personal, financial and professional situation, the banker can grant you a mortgage without contribution after studying your file.