The steps of a mortgage, from project to signing
A property project builds up through several stages, from the first rough estimate to the final signing. Understanding this journey helps you move forward with confidence and anticipate the points that need attention.
1. Define your project and your budget
Before actively searching, estimate your borrowing capacity based on your income and current expenses. This step helps you target realistic properties and approach viewings with a clear budget.
2. Put together your file and simulate your financing
Once the property is identified (or while you are still searching), the financing file gathers your proof of income, your employment situation and, where relevant, your deposit. A simulation lets you estimate the monthly payment and term before committing.
3. The loan offer and the cooling-off period
Once your application is accepted, you receive a formal loan offer specifying the amount, rate, term and all conditions. A statutory cooling-off period generally applies before you can accept it definitively.
4. Signing and release of funds
Once the offer is accepted, signing (often at a notary’s office for a property purchase) allows the funds to be released. For renovation work financed separately, payment can be staggered according to how the work progresses.
Frequently asked questions
How long does the whole process take?
This varies significantly by file and project, but it is advisable to allow several weeks between the initial simulation and the final signing.
Can renovation work be financed alongside the purchase?
Yes, many mortgages allow a renovation budget to be included in the overall financed amount, subject to matching quotes.
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