4. Your financial behavior

To assess your financial behavior, the bank may ask you to provide account statements from the past 3 months or more. Banks do not look favorably on applicants who spend more than they earn.

In addition, if you struggle to pay a €750 rent, the banker will quite rightly be dubious of your ability to handle future property charges of
€1,150. He might legitimately wonder whether your plans are viable and will likely not finance your acquisition.

A demonstrated ability to save will undoubtedly be an asset:

  • A home ownership savings plan (called a PEL in French);
  • Savings of €300 per month for the past 3 to 4 years.

You are committed to reimburse your mortgage Loan. Verify your ability to reimburse before committing.