Month: March 2019

Make Up Your Credit Report

Once you have negotiated the terms of the home loan, the next step is to gather all the necessary supporting documents to study your application. Indeed, the Commitments Department will want to verify that you do not present a significant risk before agreeing.

What are the proofs to provide when setting up your credit report?

What are the proofs to provide when setting up your credit report?

The documents that are requested by the bank can be classified into three categories:

  1. Documents that are related to the real estate purchase
  2. Proof of identity and residence
  3. All the documents concerning the financial situation of the borrowers

Justify your real estate investment

If you bought an old home, you must provide a copy of the sales agreement or the promise to sell. This must include the appendices if applicable and in particular all real estate diagnoses.

In the case of a purchase in new, you must submit a duplicate of the reservation contract if it is an apartment purchased off-plan through a developer or a copy of the construction contract if you have a house built. In both cases, you must attach a duplicate housing plans.

 

Identity documents

You must prove your identity. To do this, you must provide a copy of your national identity card or passport.

Warning: the documents must be valid. As well check this point before making your request and possibly do the necessary formalities.
To justify the address of your current home, you must produce:

  • Invoice phone, gas, electricity or water
  • Home insurance release
  • Title of property or rent receipt

For first-time buyers who live with their parents, the bank will ask for the following documents

  • A copy of the national identity card of parents
  • A certificate of honor certifying that you live at home
  • Proof of address in their name

The financial situation

Analysis of bank statements

The bank wants to analyze the bank statements of the last three months of the two co-borrowers. If you hold multiple accounts in different banks, you will need to provide the statements for each bank.

Proof of personal contribution

If you have a personal contribution, you will have to produce a duplicate of the last statements of your investment operations on which the funds are deposited (Livret A, savings plan housing, account title …).

If you have a caregiver, simply send a certificate on the donee’s honor on which he will mention the amount of the assistance provided and attach a copy of the records of operations.

 

Regarding your professional income, the bank asks for pay slips for the last three months as well as the latest tax notice. If your pay slip does not specify your date of entry into the company, you will not be able to prove your seniority and you will have to provide a copy of your employment contract.

Evidence to obtain the zero interest loan

If you invest in the new and you justify a standard BBC (Low Consumption Building), you can benefit from the loan at zero rate. For this you will need:

  1. Prove that you are a first-time buyer matching the definition given by the government (non-owner in the last 24 months). You can provide a certificate from your owner indicating the date of entry.
  1. Do not exceed a certain income ceiling set by decree.

List of parts of your loan file

List of parts of your loan file

  • Proof of address
  • Three last payslips
  • Last three bank statements
  • Copy of the CNI valid
  • Last imposition opinion
  • Copy of the preliminary contract (compromise, reservation or construction contract)
  • Proof of the contribution
  • Owner’s certificate

The contribution of the broker

The contribution of the broker

If you use a real estate broker, you will get help with building your credit report. Indeed, most of them are responsible for collecting all the parts and directly bring your request to the financing organization.

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The Benefits of Online Payday Loans

Previously to acquire a personal payday loan, there were only few options: borrow from a friend or relative, or go to the bank or a credit institution to obtain it.

Benefits of online payday loans

Benefits of Online Loans

This last option involves a long process, where you physically have to go to the bank to leave your documents, and after several days or even weeks of analysis, the bank lends you the money you require. By then, you will have spent time carrying the documentation and waiting for an answer; you will have also spent money to move and especially not being able to cover your immediate need, that the same name says “immediate”. That’s why online payday loans have come to revolutionize the way you ask for a loan. This is what you save:

Save Costs

Costs

How much does gas cost you to go to the bank and ask for the credit? Even more important, how much is it costing you not to have the liquidity you need right now? Maybe the opportunity goes away because you do not have the liquidity, or maybe you need to pay something so as not to cause the electricity to be cut off, to claim the rent, etc. The speed at which they give you a personal credit is key to being able to fulfill your obligations or desires.

Save time

time

Do not have time to go to the bank because you have other commitments to meet during the day? That’s why a loan is at your fingertips on your computer or mobile device is very practical and fast. You do not have to wait days or weeks to get your credit. Lender uses the data you enter to quickly analyze your case and give you an answer. Also, once the loan is granted, it is deposited via bank transfer. You do not have to go pick up anything. When paying, you do it in the same way, depositing the account whose data we will share with you.