Calculate your borrowing capacity and drop out The best rate in 3 min
Simulate your borrowing capacity with Qlower!
When considering a rental investment, the first question to ask yourself is, “How much can I borrow?” It's borrowing capacity. This key element determines your budget and the type of property you can consider.
Qlower offers you this free simulator that shows you your borrowing capacity in 3 minutes and provides a bank financing certificate in less than 48 hours. Rates are revised every 15 days depending on the market.
Simulate your borrowing capacity with Qlower!
Factors affecting borrowing capacity
Several factors play a decisive role in calculating borrowing capacity:
Borrower Income
It is the sum of all the regular income you receive, such as salaries, pensions, rental income, and income from financial investments.
Loan Term
The length of the loan also affects your ability to borrow. The longer the term, the lower the monthly payments are, which can increase your borrowing capacity.
Flexibility in management and transmission
Banks use a maximum debt ratio of 35% to assess borrowing capacity. This rate represents the portion of your income devoted to the total repayment of debts.
The Rest of Life
This is the amount of money that is left at your disposal after you have paid all your monthly expenses. A high living allowance can sometimes make up for a debt ratio that is slightly higher than the norm.
Current Charges and Debts
Recurring monthly expenses, including other current loans (car loans, student loans, etc.), alimony and other financial commitments, are subtracted from your income.
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When should you calculate your borrowing capacity?
It is essential to calculate your borrowing capacity before you start looking for a property. This allows you to target your search according to your real budget and to avoid wasting time with inaccessible properties.
What is a certificate
financing?
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Why is it important
to obtain a certificate
financing?
- It shows your solvency,
- This gives the seller confidence, especially in a context where many loans are refused after the signing of the sales agreement,
- This sets you apart from other buyers in the eyes of sellers and real estate agents.
Conclusion
In short, calculating your borrowing capacity is a fundamental step in starting your real estate project. This helps you clearly understand your budget, define your buying options, and navigate the real estate market more effectively. Use our simulator now and discover your investment options!