Real estate credit. To get a loan at the start of the school year, pay attention to your expenses this summer


Be the ant, rather than the cicada! Good bookkeeping this summer is essential to obtain a mortgage in the beginning of the school year or in the fall. Because the banks will ask you for your last three bank statements and “scrutinize each of your expenses,” indicates the mortgage broker Vousfinancer. Follow these tips.

An in-depth study of the last three account statements

To put together your loan file, the banks will notably ask you for your last three payslips or the last three accounts for traders, craftsmen, farmers and liberal professions, the statements of your bank accounts for the last three months, your last two tax notice, proof of any outstanding credit and proof of your personal contribution.

Manage your accounts well this summer

If you plan to file a mortgage file in September, do not spend too much this summer because you will have to provide your bank statements for the months of June, July and August, a period conducive to spending.

However, the banks will carefully study each line of your account statements.

“It is certain that the French need this summer to change their minds and enjoy life. After several months of deprivation and less spending than usual, there could be a great temptation to spend lavishly !, emphasizes Julie Bachet, Managing Director of Vousfinancer. But beware, for those who have a real estate project at the start of the school year or even this fall, this grasshopper behavior could lead to mistrust of banks and a refusal of credit on the grounds that the accounts are overdrawn or badly kept. In these cases, it will be necessary to postpone the purchase plan by a few months, the time to once again have account statements more in line with their expectations … ”At the risk of seeing the good of your dreams slip away between your fingers.

Don’t dip into your savings this summer

Banks ask for at least 10% personal contribution to finance the costs related to the purchase of real estate (notary fees, guarantee, file …). “But having more makes it possible to obtain an even more attractive rate, of the order of 0.10% to 0.20% less! Says Vousfinancer. Better to leave your savings accounts well stocked this summer.

Beware of various excesses resulting in more expensive loan insurance …

Depending on the amount you borrow but also your state of health, the bank or loan insurance may ask you to perform medical tests. “They could betray the excesses you have made during the summer … Now is not the time to increase your cholesterol level!” », Indicates the broker.

Anticipate the preparation of your file

Take advantage of the summer period to sort through your papers and collect the documents necessary for the constitution of your loan file. You will arrive at your broker or banker with a file that is already complete or almost.


Source: Le Progrès : info et actu nationale et régionale – Rhône, Loire, Ain, Haute-Loire et Jura | Le Progrès by www.leprogres.fr.

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