Monthly Archives: July 2019

Good Finance disagrees with criticism, consumer-friendly home loans are good!

The central bank’s department, denied rumors that new consumer-friendly home loans had failed to improve the credit market. An article reflecting the head of department’s opinion can be read below.

The competition for Qualified Consumer-Friendly Home Loans is already well-visible, though there is still a short period to look at.
There has been a keen interest in the housing market since the call for proposals on 19 May 2017. More and more qualified products are being placed on the market that meet the conditions set by the Good Finance, and banks are also very interested.

Purpose of certification

Purpose of certification

• lower interest rates on longer-term home loans
• make the options more transparent and cheaper
• the information becomes accurate and reliable
• market more comparable products
• weaken competition between banks should be encouraged

This is facilitated by a website that compares market products that meet the Good Finance’s criteria and is supported by the Good Finance. The effects of qualifying products are designed to be long-term, and in any case, they help cheaper products and exclude harshly rising interest rate loans.

Worth looking at the fact that the comparisons are from September 1


The point is:

“In the second quarter, fixed-rate housing loans fell by an average of 33 basis points in the second quarter, which is not only due to the decline in benchmark yields. Average mortgage rates also declined by about 10-20 basis points in the quarter, which may have been the reason for the expected release of Qualified Consumer Friendly Home Loans, ”said the head of department.

Unfortunately, the published article only looked at a few or two cases.

It would be better to look at the changes in long-term loan spreads over the same period last year and this year.

As the product is being introduced, the ratio of Qualified Consumer Friendly Home Loans in the 2017 sample is still low. However, it is perceptible that we can see a decrease in both average values ​​and distribution between May and July 2017, taking into account the same period of 2016.

In the event of a significant increase in Qualified Home Loans, a further decline is likely.

The boom in competition is not expected for the cheapest loans

The boom in competition is not expected for the cheapest loans

But for lower-priced loans that are easily payable by good earners. Many low-commodity products are still available on the market, but there is no change in the comparability of interest rates.

One of the great advantages of Qualified Consumer-Friendly Home Loans is that it has a lower interest rate compared to the average of real estate market products. Products that are easy to compare and transparent over the lifetime of the customer, and will certainly enhance market competition with their interest-reducing effect.

It would be an analytical mistake for anyone to formulate a general and bad opinion about a newly launched product of a few months’ duration, a non-generalizable, less well-known, well-thought-out and qualified home loan that is under construction!

If you are interested in finding out about consumer-friendly home loans, details about CSOK and taking out a home loan on favorable terms, contact our credit brokerage experts who will provide you with free professional mortgage information! Fill out the form and we’ll call you back!


Housing Loans

The zero-interest loan. In effect since 2005, the “92 housing loan” was replaced on 1 October 2011 by the “Housing Shinehousing loan”. Suspended at December 31, 2011 due to reform of the PTZ state, it is available again since March 30, 2012.


What has changed compared to the old device

What has changed compared to the old device

The new accession aid for Alto-Séquanais was voted by the General Council on March 30, 2012. It allows to benefit under conditions of a 0% financing.

The main change of the “PL-HDS” is the refocusing of the device to the only acquisitions of new housing , thus sticking to the new provisions of the PTZ 2012 which was reformed during the last Finance Law.

The loan can also benefit the candidates for accession who buy a housing HLM . As was the case previously, the general council will take charge of the loan interest.

Complementary to the State PTZ, the housing loan Housing Shineis subject to certain conditions.

Finally, you will have to address to the ten banks which signed an agreement with the general council.


Access conditions

Access conditions

They remain overall similar to the old device. To benefit from the help, you will have to reside in department 92, meet the definition of first-time homeowner (you have not been the owner for the past two years), purchase a new home ( or HLM) and occupy it as a principal residence, ie at least eight months a year.

On the other hand, you must be eligible for the PTZ of the State and respect a ceiling of resources which depends on the composition of the fiscal household.

The income to be taken into account is the reference tax income of N-2. For 2012, the 2010 business income will be taken into account.


Housing Loan Amount Housing Shine

Housing Loan Amount Hauts-de-Seine

The amount varies according to the type of property (nine or HLM) and the composition of the home. It remains limited to 50% of all credits that contribute to the financing of the property (with the exception of the national PTZ and the bridge loan).

Repayment possibilities are limited and range from 8 to 15 years. Moreover, the choice does not belong to the borrower but depends directly on his income. A mechanism by installments established by the Construction Code determines the duration imposed according to the result.

You should also know that, given the short durations proposed, it may be useful to smooth the main loan and HaHousing Shineusing loan. This banking technique, used by most financing organizations will allow you to obtain a single monthly payment throughout the repayment period.

Your departmental agency can also study the feasibility of a global renegotiation of credits in case you can not pay for them. Finally, if you are the owner of your main residence, know that the general council provides some help to improve your home, control energy expenditure or adapt the home to the loss of autonomy.