Home loan calculator form
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So you have a real estate project, you need finance, and you want to simulate your mortgage? This mortgage simulator is interactive and you can change its different parameters (rate, duration, household situation) and find out, in real time, the impact on your finances. The mortgage simulation will enable you to estimate:
To do this you need to know:
The credit rate for a fixed home loan is usually between 3.5% and 5% and depends on the guarantees that you can provide, and your risk profile in the judgement of the lender. Note that to reduce the cost of the loan, it is preferable to take out the home loan for a period under 15 years. You also need enough remaining to live on and a debt ratio that allows this. High house prices and low purchasing power make it increasingly difficult to finance a property project without getting into debt over a long period.
Note also that the mortgage simulation is based on a fixed rate over time. The news is telling us that a long period inflation may lie ahead. It is therefore better to borrow at fixed rates. Especially now that the rates are attractive.
Other factors that may affect the results of your mortgage simulation:
Depending on the mortgage lenders and brokers who you approach, there may be additional costs. Mortgage companies may differ significantly in the factors they consider from one organization to another. The same applies to the eligibility requirements. This simulator does not consider all the factors that may influence a mortgage application (eligibility, past payment default).
Important: This simulator does not take certain elements into account (history, motivation, nature of the property project) that can affect the result of a mortgage simulation. We suggest that you contact a mortgage broker or bank advisor in order to carry out a more detailed mortgage simulation that is more tailored to your needs. Accordingly, the results of our mortgage simulator are provided for information purposes only and are not necessarily accurate or applicable to your particular case.