When you buy a French property with a French mortgage you will need to learn some new French banking terms including: taux fixe, taux variable and taux cape. So read on for explanations:
One
Taux Fixe means fixed mortgage rate
Two
Taux Variable means variable mortgage rate
Three
Taux Capé means capped rate
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IMPORTANT: Make sure when you chose your French mortgage you find out if the mortgage has a penalty fee for early repayments, if you are being charged a fee for administration of the loan etc. Learn the right questions to ask by speaking with an English speaking French banking expert.
If you need to contact an English speaking French banker or mortgage broker. We can help put you in contact with one click to contact us here.
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