Online Credit: The Disadvantages Of A Home Loan!

Online credit is an attractive approach for its ease of use and speed, but a mortgage often leads to negotiations between the different players (banks and/or insurer), complemented by advice to make the best choices depending on his personal situation. So many obstacles that explain that the 100% Internet mortgage is still a minority in France …

100% Internet credit: 0 tips!

bank

A real estate purchase is an engaging act: when the journey within traditional banks may seem long, it especially allows you to take the time to ask the right questions – especially in terms of credit.

Today, if some online banks offer a service to their customers, with professionals available in a chat over long hours, they do not offer a dedicated advisor. Consequently, the advisory dimension cannot be at the level of more traditional methods – and even less, at the level of mortgage brokers, who exclusively serve the interest of debtors.

Online credit: 0 negotiations!

Online credit: 0 negotiations!

One of the main advantages of online credit is to be able to easily compare the different offers made – whether directly through a comparator or by taking the time to visit the site of different lenders.

As a reminder, credit (whatever its subscription process) is subject to the legal rules of the Consumer Code: among these texts is article L312-12, which imposes on lenders the obligation to deliver to the borrower the information necessary for the comparison of offers, so that he can better understand the context around his engagement.

Generally, if the rate of an online mortgage can be attractive, it is absolutely not negotiable! In other words, you can compare offers, but you cannot compete with each other!

0 flexibility in online loan conditions

money

If flexibility is one of the key arguments of any online loan, it is to hear it only from the point of view of the steps to take for the subscription, because of no flexibility as possible regarding the conditions of granting the loan – and more precisely with regard to the amounts and duration of the loan.

For example, Hello Bank imposes the domiciliation of income for any credit greater than $ 3,000. For its part, Before Bank does not allow the subscription of a mortgage online if it is not more than 80,000 $. A ceiling that is more than $ 90,000 at Good Credit and more than $ 100,000 at E-Money or Good Finance. Furthermore, if it is possible to borrow up to 30 years for Hello Bank, it can only be 25 years at Good Finance. Finally, there are also preferential rates for borrowers who have domiciled their income within Good Credit.

We cannot advise you to choose a broker specializing in real estate credit to guide/follow/optimize your loan offer. At the time of signing, he remains the sole guarantor against unpleasant surprises, insofar as he has carefully studied, for you and with you, all the influencing elements (early repayment, a delegation of insurance, market rate, etc. .).

We cannot advise you to choose a broker specializing in real estate credit to guide/follow/optimize your loan offer. At the time of signing, he remains the sole guarantor against unpleasant surprises, insofar as he has carefully studied, for you and with you, all the influencing elements (early repayment, a delegation of insurance, market rate, etc. .).

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