On the other hand Futur Finances was constituted with this name by two basic reasons:
The idea that in order to take out a mortgage loan you have to look to the future, not just the past or the present, since it is a family commitment for decades.
The determined will to be a modern mortgage broker, professional and effective. In short, the mortgage broker of the future, the financial agent that deserves the client. A few years ago say that it was better to go to an independent professional than to a bank to choose the mortgage seemed interested. Today, few would hesitate, at least to get adequate information. Therefore, in addition to offering online mortgage processing through our collaborators, we have been sending mortgage information for many years in traditional and online media.
How will mortgages be in the future?
At present there is hardly a mortgage offer in conditions, if you do not have a fairly good economic profile; you have to have savings for expenses and a good part of the purchase price (many financial institutions require at least 30% savings), in addition to an indefinite contract or be an official, in sectors that do not notice the economic crisis in a marked way . And often also have to provide double guarantees to mortgage or very reliable guarantors. Of course it is prudent not to go back to the times of runaway loans, but at the moment the financing is too scarce and expensive.
Therefore, to put ourselves in a plausible mortgage future, we can not expect the situation to stay that way. We are facing a credit crunch moment, in which there is neither mortgage offer nor solvent demand (people do not want or can not buy houses).
Let us imagine that in a few years the capacity to finance investments and expenditure of individuals and companies returns to normal. Banks are sanitized and those that do not get settled in an orderly way (guaranteeing part of the savings of the clients based on their nature).
At this time, the market again offers competitive mortgages and customers begin to see their economic future in a positive way, with more or less well-paid and relatively stable jobs.
The first thing that will change is how to assess the risk of the files; the reason is that the absolute stability in terms of customer income has died; fewer and fewer permanent employees; and this trend is likely to continue in the future. Collectives now barely served, such as mortgages for self-employed and entrepreneurs, will become an interesting type of client for the bank.
On the other hand it is foreseeable that an important level of savings is required, at least to pay the expenses of the operation. However we will have to wait to analyze the type of future economy, to see if the middle classes are able to save enough. At the end of the day, the bank can demand what it wants, but if the clients do not comply, it will have no choice but to adapt. What is clear is that more guarantees will be required than current ones.
Mortgage referrals will change, disappearing the Euribor or IRPH of entities and imposing others less manipulative and better reflect the cost of money, such as mortgage IRS.
It would not be unreasonable to attend a generalization of the dation in payment; the banks that include it in their mortgage deeds will win the rest. In the end, if they already demand additional savings and guarantees, the risk of accepting payment in payment is much lower.
As for the price to be paid for the mortgage, it will definitely mark the income level of the families. If it is estimated that a maximum of 40% of net income can be paid as a mortgage payment, the maximum fee will be. The price of housing will drop enough to make the financial burden the same. Mortgages have limited their cost: the one that the client can pay.
It is even possible that in the future there are crowdfunding mortgages for individuals, as fintech experts explain.
At Futur Finances we work to make your mortgage to the best possible future.
