Real estate: the cost of a loan continues to increase

A couple dreamed of becoming homeowners. That day, they have an appointment with their broker who announces good news. After several refusals, their credit application was accepted. “It’s a life project that was very important for both of us and here it is, it’s done“, says Alexandra Matta, co-borrower. But with the increase in interest rates, they could not borrow the expected amount. They therefore had to revise their ambitions downwards.

A loss of 45,000 euros in borrowing capacity

Last year with a rate of 1%, the couple could have obtained 390,000 euros. By borrowing this year at 3%, the couple therefore lost 45,000 euros in borrowing capacity. With inflation and financial market instability, borrowing rates are skyrocketing. To obtain credit at the best price, you have to play on several variables according to a specialist, such as negotiating the banker’s application fees.