I bought a first apartment I was still in a roommate and I still had a very modest life, modeled on my student period. The purchase of a first property, often the main residence, objectively depends on: Your professional situation, your income and your savings. Your prospects and your desires. Are you able to buy your principal residence? What does your bank think? I hate depending on someone's opinion for a project. However, it is an obligatory step to be able to project yourself better and commit yourself. Your bank advisor will be able to determine your borrowing capacity, depending on your situation .
Most banks retain between 30% and 1/3 of the income, then look at the rest to live to assess the credibility of the operation. Take the median income Canada Phone Number Data in France, 22,040: median income france At the current rate according to MeilleurTaux, this allows you to borrow around €140,000: It is then necessary to see how the bank envisages the financing: does it cover the price of the property + the costs and transfer rights (“notary fees”)? This is called “110%”. If it can fully finance the price of the property but not the costs, we speak of 100% financing. Finally, some banks prefer to finance only 2/3 of the property, for example, to have more .
Guarantees in the event of a payment incident if the market turns. In addition, your bank profile (absence of overdraft, regular savings, etc.) may participate in your bank's decision. What do you think ? Do you instinctively want to own your home? Will you always keep your spirits up when you have to pay your property taxes? Where do you see yourself in 5, 10 or 15? If it's here, in the same city, in the same job, don't hesitate to have it: it will always be more profitable in the long term to be a landlord rather than paying a rent with no funds. Conversely, if you plan to move and complete another project, you will have to do the math.
