 | Understanding home loansSeveral elements come into play when setting up your home loan. Here are the criteria that your bank will take into account when assessing your file and substantiating your home loan application: your personal contribution, your indebtedness ratio, the sustainability of your revenue, your financial behaviour, the duration of the loan, the relevance of your purchase. On your part, here are a few pointers to take into account when negotiating your home loan: the loan rate, the insurance rate, the application fees, prepayment fees, warranty fees, and the APR (Average Percentage Rate). | |
