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Real estate credit: how the borrower adapts to the new situation
The requirements have become stricter to obtain a home loan due to the rise in rates. Income, amount of loans, contribution, age of the borrower: the typical profile of the real estate borrower continues to change to adapt to the era of 4% rates.
The rise in the cost of mortgage credit continues to melt households' borrowing capacity like snow in the sun. According to a study published by Cafpi, the average amount of loans granted fell sharply between the second half of 2022 and the first half of 2023. If first-time buyers find themselves on the front line with loan amounts falling by 7.5%, rental investors are also affected by this decline (-6.6%), and second-time buyers are not immune to it either, even if the contraction is more limited for them (-3.1%).
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