Financing considerations for a French real estate purchase
- The total amount of money you have available to purchase a property.
- If you buy with a mortgage, how much of a deposit will you need (this will usually be at least 20%)? Check with your bank to be sure.
- How much will the repayments be, and how will the repayments be made?
- The possibility of re-mortgaging your any current property to release equity for the French real estate purchase.
- The additional costs that come with buying French property (i.e. taxes and fees)
- The cost of maintaining the French property and spending time there, that is your return on investment.
- Your maximum purchase price, taking all of the above into account.
Talk to your French real estate agent and loan manager to get more information to assist you.
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