Settling the entire procedure for obtaining a mortgage online is not yet possible. In all cases, the credit institution will wish to meet the borrower personally. On the other hand, the latter can simulate his credit online and submit his request via the website of a bank branch. You could have your loan validated, provided you follow the following advice.
Properly assemble the online mortgage application
Avoid cheating with your personal, professional and financial information! The bank agent who will be responsible for studying your file is not fooled. He will not fail to check with the sources the information you have sent him. So, in case of forgery, you will be penalized or your online mortgage application rejected. It is imperative to provide accurate and up-to-date information! Generally, your file should include: your net income, your debts, your age, your job, your banking information.
Finding the home to buy before applying for a home loan online
You will have to give the contact details of the property to be acquired to your bank before submitting a loan request. The mortgage is an affected loan! However, you don’t have to have a home for sale because most home loan applications are made to finance a first home purchase. Either way, calculate your borrowing capacity before choosing a property to buy. Or better yet, enlist the help of a mortgage broker to assess the home price you can afford.
Quickly subscribe to an attractive mortgage loan offer because it is only valid for a limited time
The mortgage contract which will be offered to you after acceptance of your request will only be valid if:
- your professional situation remains unchanged or improves
- mortgage rates have not decreased
- prices per m² have not fluctuated too much
Thus, it is possible that you will not get a definitive answer to your credit request until several months after having found the house of your dreams. Fortunately, because the seller is in a hurry to sell your home, you could get the house quickly by showing that you have received a loan proposal.
Simulate your credit to speed up the approval process
To get a home loan as quickly as possible, start by doing online credit simulations. This will allow you to receive a credit offer adapted to your means in less than 5 minutes. If a loan proposal appeals to you, all you have to do is ask to be contacted by a mortgage broker. The latter will hasten to compile your request file and submit it for approval. You must give him supporting documents such as:
- your pay slips,
- your tax notices,
- copies of employment contract,
- your banking information,
- documents relating to your marital status, …
By providing all the required documents, you may be able to obtain your mortgage in just 1 month.