Before soliciting a mortgage loan, do not underestimate the weight of consumer credits that you have not finished stepping. Admittedly, compared to the approximately 1,000 euros that you will have to reimburse each month for a mortgage, the monthly payments of a consumer credit do not seem to weigh very heavy. Especially that it is not a question of loans to reimburse on 20 or 25 years butR 24 months only.
Think again: “Each monthly payment already committed – in the context of a car loan, a loan for the purchase of an appliance or smartphone apparatus – reduces real estate loan capacity ”warns the Pretto broker, in a statement published this Tuesday, September 23.
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Loads calculated at an instant t
As a reminder, the High Council for Financial Stability prohibits banks from granting real estate credits whose monthly payments represent more 35% of net income borrowers. To calculate this debt rate, the bank takes into account the borrower’s gross income and all of its expenses “at an instant t, without taking into account the fact that consumer credit does not run only 24 months »underlines Pretto. Your credit monthly payment consumed a few tens of euros can therefore bring your effort rate beyond 35%, thus preventing you from winning a mortgage.
For some candidates for ownership, this may lead to “there loss of several square metersturning them from a T3 to a T2, or the impossibility of finance the purchase of accommodation in the city center ”underlines Pretto. The broker quotes the example of Pierre, aged 30, who earns 3,000 euros net per month and has a personal contribution of 20,000 euros. Without current consumer credit, its real estate loan capacity over 20 years reaches 185,000 euros, a maximum monthly payment of 1,050 euros, calculates the broker.
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A borrowing capacity in free fall
But now Pierre succumbs to the temptation to buy a state -of -the -art smartphone, on credit because of his round price. After the purchase of a 256 GB smartphone (gigabytes), paid 1,229 euros by means of a credit over 24 months, for which he will reimburse 55 euros per month, his real estate loan capacity drops to 175,300 euros. Either 9,700 euros less that before having put a consumer credit on your back!
If Pierre targets even higher, with a smartphone of 1 TB or a high -end 256 GB model, at 1,729 euros, financed on credit over two years, or 70 euros per month, his real estate loan capacity falls to 172,600 euros. It is 12,400 euros less that what Pierre could borrow in the absence of consumer credit. Finally, by offering itself the ultimate -a high -end 2TB smartphone -for 2,479 euros via a credit over 2 years, or 100 euros per month -, Pierre can only borrow 167,300 euros to buy an apartment. Either 17,700 euros less only if he had no consumer credit.
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Sold up your consumer credits before soliciting a mortgage loan
“In other words, between the purchase on credit of a 256 GB smartphone and that of a 2 TB model, Pierre Loses the equivalent of a balcony or several square meters of living space ”translated Pretto. A demonstration that is obviously worth a self -leasing or a credit for appliances, “Formulas often offered to consumers to preserve their purchasing power in the short term”underlines the broker.
While rates have not been falling for about six months, and real estate prices seem to start upwards, Pretto advises aspirants to the property of reimburse their consumer credits Before looking for a mortgage. Even if their monthly payments seem to them “Anecdotics”.
