Is it the right time for a mortgage?
Bad luck is good we could say when we take stock of the effect of the economic crisis on mortgage rates for individuals, so low they are allowing households to become homeowners or invest in rental, with cheaper financing than 5 years ago.
The average mortgage interest rate
A study by the Crédit Logement / CSA observatory highlights an average rate of 3.31% in November 2011, ie 0.06% better than in October, for an average duration of 17 years . At this point, it is important to note that the longer the term of a loan and the higher the rate , the lender will then take more risks if he gives borrowers more time to repay their debt.
The average term of the mortgage
Also according to this study, since April 2012 the average duration of financing intended to buy old equipment is 217 months , which is 9 months less than over the same period in 2011.
The term of a new loan has also fallen to an average of 226 months since April 2012, which is 7 months less compared to the same period in 2011.
Is this the right time to take out a mortgage?
Not only is the period a good time to become an owner or invest in a rented apartment, it is also the right time to try to negotiate a credit buyback in order to get out of debt, even if the weight of the real estate debt doesn't mean much to a household.
It should also be remembered that the demand for low -rent housing is lower than the supply, professionals in the sector therefore expect a lot from the Duflot tax exemption system, which will allow investors to buy an apartment for rent without exceeding a ceiling, in exchange for discounts. direct on the amount of their income taxes.
The project will then be carried out with a mortgage , of which precisely the drop in rates and the average duration will make the operation even more viable .