Total loan simulation: how does it work?

If you are unable to make a personal contribution during a real estate purchase, there is a good chance that you will turn to the total loan. Also called mortgage credit 125, this formula is becoming more and more popular with lenders. However, loan offers are not the same everywhere, hence the interest of total loan simulators. We tell you everything.

Simulation for total mortgage credit

Simulation for total mortgage credit

If you’ve never heard of it, this is an online tool that lets you know in advance the total amount of your home loan. It informs you about the monthly payments that you must pay in order to settle your debts. To prove the authenticity of the calculations, the cost of all necessary fees will also be displayed. Thus, this simulation allows you to prepare financially and therefore helps you to better manage your budget.

But that’s not all. Be aware that when the quota is considerable, the financial institution takes more risk. As a result, the interest rate will have to rise. By using a total loan simulator, you will be able to change the cost of the mortgage in order to have a lower rate.

The simulation for loan 125 is done without any commitment on your part and is completely free.

Reminder: the credit ratio is a percentage which is calculated according to the sum of the loan and the value of the property acquired.

What is the basis of online simulators?

What is the basis of online simulators?

In order to have a good approximation of the monthly payments to be paid, these machines must consider 5 essential criteria, which are:

  • The price of the property
  • The period of the loan. The total mortgage can last for 10 years, just as it can reach the 30-year or 360-month mark.
  • The region where the house is located (Flanders, Brussels or Wallonia)
  • The registration fee which is simply a tax law. It depends on the sale price and the charges.
  • The abatement. It is possible to reduce the tax base thanks to that.

What are the results of a total loan simulation?

What are the results of a total loan simulation?

As said above, not only does it help you determine the monthly payment of your mortgage, but also the cost of miscellaneous fees. Among these are:

  • The notary’s fees
  • Insurance costs
  • Expenses related to the preparation of the file
  • The duration of the credit
  • Expert fees

How to use the loan simulator 125?

How to use the loan simulator 125?

Now that you know how this instrument works, it’s time to get started. Do not panic, its use is within the reach of everyone. In fact, you just need to click a few times to bring up results: a form is already ready with the 5 criteria that you saw previously. You will complete it according to the information you have. After entering your data, you can press the launch button. In just a few seconds, you will get answers.

Good to know: do not hesitate to try different information in order to obtain new results. By doing this, you get closer to the offer that best suits your needs.

Mortgage loans with financial credit institution

They allow financing despite being in Financial credit institution. Naturally, the first advantage of mortgage loans with Financial credit institution that entities like Crediting can offer you is that they give you financing where traditional credit institutions (banks and savings banks) are not willing to give it to you. Indeed, regardless of whether you are on this list, we understand that your property is more than enough guarantee to start enjoying financing for your projects.

They offer you the possibility to leave Financial credit institution. One of the most important advantages of mortgage loans with Financial credit institution and one of the ones that make thousands of clients trust entities like Crediting is that we can quickly remove you from the Financial credit institution list forever and delete your data from it.

Take care of the whole process as quickly as possible

Take care of the whole process as quickly as possible

By applying for a mortgage with Financial credit institution with us, we will take care of the whole process as quickly as possible.They are very flexible. Another advantage of mortgage loans with Financial credit institution and that comes from its own characteristics is the fact that it gives us a very wide range of terms and facilities. Precisely as our home is the one that works as a guarantee, this makes the whole process more flexible.

Long term compared to what most credit institutions offer.

Long term compared to what most credit institutions offer.

The credit institution has such tranquility and that translates into longer terms and facilities to choose the way in which we want to return the amount. Repay the loan in a period ranging from 1 year to 10 years. It is a really long term compared to what most credit institutions offer. As we have said, this is possible because you have your property. At the same time, flexibility also affects quotas. With Crediting you can choose two modalities. Return the installments only of interest and return in a final payment the amount that will be loaned to you. Return in each installment a part of the interest and another part of the amount to be returned.

Possibility of making payments

Possibility of making payments

Likewise, it must be said that we give you the possibility of making monthly, quarterly or semi-annual payments.You can continue enjoying your home. Contrary to what happens with most loans in which any property is placed as collateral (jewelry, boats, antiques…) in the case of mortgage loans with Financial credit institution we can continue to enjoy our property. Throughout the duration of our loan, we can continue living in it (as it could not be otherwise).

They give us bigger amounts. It is another key point to understand the advantages of mortgage loans with Financial credit institution. Again, by operating our home as a guarantee, the credit institution can grant us a greater amount of financing. Specifically, at Crediting we offer you between 30 and 40% of the value of the property.