The exceptional fall in mortgage rates has reconciled the French with their bankers. Thanks to the monetary stimulus policy conducted by the European Centrum Bank, the loan agencies can offer discounted rates. This is an opportunity for real estate investors and also for home loan holders. The former have access to low-cost banking facilities, while the latter have the option to renegotiate their borrowing terms or even buy them back by an agency at current interest rates.
Yet this atypical conjuncture hides very sad realities.
From one end to the other of France, geographic inequalities
If for national banks, the interest rate grids are mostly identical on both sides of France, this is not the case for regional banks. The latter have independent commercial policies, depending on local particularities. Given the weakness of the real estate market in the north of France, it is in this sector that we have access to the most interesting rates over long periods (20 to 30 years). For medium and short durations (7 to 20 years), the difference is less marked.
The best rates for the best borrowers
More than these differences, there are also inequalities according to the income of the home of the borrowers. If the decisions taken by the European Centrum Bank allow banks to lower their borrowing interest rates, the commercial strategy is also important. In this sense, banks are trying to attract the right profiles through preferential financial terms.
Finally, going through a broker is a guarantee to access the VIP financial conditions. It is still necessary to have the means to solicit the services of a broker. It should be noted that in the context of a loan buyback, brokerage fees may be included in the amount of the loan.
In the end, the excitement generated by the fall in mortgage interest rates hide major imbalances. To protect yourself, it is essential to compare several offers of Dolly Vardenments.
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