The interest rates that accompany the repayment of a home loan have never been so low and this has not escaped the interest of French people who wish to acquire property or invest in stone. Lending institutions are facing an influx of credit applications, which is weighing on their processing times. In this situation, using a mortgage broker can cut the queues!
Deadlines ranging from a few days to several months
Waiting times vary widely depending on the banking establishment: in some banks, it takes between three weeks and two months while in others, one week is enough. Too long a delay can be a source of stress for those who wish to take out a loan, because they run the risk of seeing the housing that they had found and for which they need to take out a home loan run under their noses.
The spring of the mortgage
The extension of the processing time for loan application files must be taken into account in the context of a property purchase. This type of inconvenience is commonplace in the spring, because it is the period preferred by households to change property in order to move before the start of the school year.
But low rates – 1.39% on average for a mortgage according to the Housing Credit Observatory / CSA – create a windfall effect which saturates lending institutions and adds delays to delays.
A broker to kill two birds with one stone
The fear of an interminable mortgage loan request could encourage the candidates to buy quickly to pass on the stage of competition of the establishments. Bad idea ! It is still relevant to compare loan offers to benefit from the best conditions. To combine rapid processing and competition, the use of a mortgage broker is the preferred option.
This professional has a “direct line” to the banks in order to obtain rapid responses, as well as real know-how to access the best proposals more quickly. Enough to arrive on time without the risk of seeing the good that we covet disappear from the market, while targeting a mortgage loan rate pulled down.