What is a home loan?


Have you found the accommodation of your dreams and wish to become an owner? The mortgage, or mortgage, is a bank loan intended to finance totally or partially:

  • The purchase of real estate (main residence, secondary residence, or rental investment)
  • Its construction
  • Or work on this one


A mortgage binds you contractually to a bank. The latter agrees to lend you money so that you can buy your property at an instant, against full repayment of this sum with interest.

If you don’t have the funds to finance the purchase of a house or apartment, you can take out a mortgage. Finding a lender is not enough, you must find an offer at a more affordable price. Discover five tips for finding cheap home loans.

Compare credit offers online

You can find a home loan at attractive rates by identifying and studying the many offers on the market. You must have to compare home loan rates offered by the different lending organizations. If you want to save time, do not hesitate to use online credit comparators. These tools allow you to find multiple offers that can match your needs and goals with just a few clicks. To compare the offers effectively, you must take into account several parameters including the credit rate, the administration fees, and the cost of insurance.

Monitor promotions

To retain their customers or attract new ones, banks sometimes offer loans at reduced rates. Even if this generally concerns small loans, it happens that very attractive rates are offered for any type of credit, regardless of their amount. You can subscribe to the site of various lending institutions to be informed of their offers.

Negotiate directly with the banker

If you master the different elements that make up the mortgage, you can negotiate directly with your banker. If it offers you a fixed-rate loan, all you have to do is negotiate the loan rate with several establishments and conclude a contract with the one who has the best proposal. If he offers you a variable rate loan, you must study and evaluate the bank’s margin as well as the rate index.

State aid and subsidies

The state gives a boost to taxpayers who want to invest in real estate. To do this, it has set up several mechanisms, such as the Zero Rate Loan, the Social Home Loan and the Housing Savings Plan. Do not hesitate to study each of these tax exemption or assistance systems to determine the one that best suits your profile, your needs and your objectives.

The intervention of a mortgage broker

To find a cheap mortgage, you can use a broker. This professional will be able to put you in contact with several lending organizations able to offer you offers corresponding to your needs. They can also help you choose the contract that best suits your situation and your goals. Its missions are not limited to seeking credit. They also cover the constitution and presentation of files as well as negotiation with the insurer and the banker.

Some notes to take into account

Before taking out a mortgage, you must assess your situation to eliminate the risks of non-payment of monthly payments and over-indebtedness. In addition to your debt capacity, it is worth checking your income to determine if you have enough leftover to meet your daily needs and contingencies.