Banks are not reluctant to finance a second home, as long as the repayment capacity of the borrower follows. Formula residence services with rental or single residence, the choice will be conditioned by the rate of indebtedness and the intended use. Primary or secondary residence, mortgage rates remain the same, and are particularly interesting at this time.
Buying a second home to rent it can be a good financial calculation. Since it is possible to spend your holidays and rent the rest of the time. Whether you choose a property in France or abroad, it will require most of the time, a mortgage. Even if one cannot claim home ownership assistance for a second home, it is nevertheless possible to find interesting conditions, especially since such a purchase is usually made by people who are already owners of the property. their main residence. The right solution to find the best deal is to use a free mortgage simulation tool. These tools make it possible to calculate the best conditions to finance the purchase of a second home. In most cases, these brokers have signed partnerships with the main financial institutions operating in France. Their status makes it possible to directly apply for credit online.
As these credit simulation tools are free, do not hesitate to compare them to be sure to have the best mortgage proposal to buy your second home. Feel free to consult the advice, news and various guides available to learn about the latest developments in the financing market. Finally, with all this information, it is not essential to go later to see his banker to ask what he offers in terms of mortgage.
A second home is a significant investment
Even if the acquisition of a second home does not have the same impact as the purchase of the main home, it nevertheless represents a significant investment. It is therefore essential to learn about the property in terms of quality of construction, services offered and the environment. Any costs arising from this acquisition such as maintenance and local government charges should also be given special attention. This is especially true if it is a home purchased in a country where the legislation is different.
The rented second home
It is also possible to rent a second home at certain times of the year. However, the most convincing rental period will be during the school holidays. A family choosing this formula could very well enjoy their second home, only during the before and after the season.