You have found your dream house.
We assume that you have found the cheapest provider by comparing the lenders. You already enter the bank in a well-informed manner to apply for a home loan. A mortgage loan is about (a lot of) money. Then it makes sense that the bank wants to know for sure that it will get its money back. You need to be able to submit most documents for this loan. They help the bank determine the risk factor for lending you that money. Taking out a mortgage loan therefore takes some time and effort.
The bank will appoint an expert to estimate the value of your future residence.
What you should be able to present in any case are the sales agreement, your tax assessment notice from the past 2 years and usually 3 pay slips (not older than 3 months) from your employer. Most banks require that you work for a minimum of 6 months to 1 year via a fixed work contract. If you are self-employed in the main profession, present the most recent invoices that you wrote and possibly take your accounting with you for a more complete overview. When it comes to building a residence, potential building permits must be demonstrated. If it is (also) a renovation of the (to be purchased) house, then take the quotes for the works and the estimate with price indication from the architect or contractor. And of course, don’t leave your ID card at home by accident, otherwise taking out a loan becomes difficult.
For a home loan (or refinancing thereof), your partner’s salary can also be included. In that case, in addition to the aforementioned documents, the marriage or cohabitation contract must also be submitted. You can usually borrow between 30% and 40% of the net salary. You may also wish to take a declaration of an inheritance or gift with you, and a proof of your own resources (which you have saved, for example) and / or other income. This also includes children’s money; a copy of the last 3 deposits is sufficient. The bank will consult the CKP (Central Individual Credit Register) whether you have other loans and you have no payment arrears or have you ever had one. It is therefore wise to take copies of it. Some banks also want to see an employer certificate; that is filled in by your boss. And if rent,
Taking out a loan requires a debt balance insurance; this way the bank is protected if something happens to you. If you already have such insurance, take it with you. The Belgian likes to buy by-products, such as a home and debt balance insurance. He does this because the bank then charges lower interest and the monthly payment becomes cheaper. Over the years, the bank’s policy can be many thousands of USD more expensive than that of another insurer. If you find out and cancel the insurance, the interest rate will rise and you will lose your benefit. So read all the conditions carefully so that you do not fall for it. Now you have a good idea of what the bank needs. So get started with copying.