Loan insurance for young workers

If you are looking for loan insurance for your first property purchase, your status can become an asset and you may be able to find affordable offers.

Loan insurance: affordable offers for young professionals

Young workers, also called young borrowers, are often considered as high-risk ventures because they are not yet financially stable. As they are just beginning their professional career, they have not yet had time to accumulate significant savings and their revenue is not that high. Traditionally, insurers had the habit of imposing a large surcharge, but recently, the situation has changed thanks to various features that promote young borrowers (first-time buyers).

Advantages for first-time buyers

The first time buyer (young worker or young borrower) is an individual who does not yet own a property and who wishes to buy his or her principal residence. The various proposed government aids for young borrowers easily facilitates their access to property ownership and to obtaining a mortgage loan. They can receive aid in the following ways:
- Zero-interest loans are dedicated to first-time buyers who have not owned their principal residence in the preceding two years and whose income does not exceed the specified limit.
- The government’s first-time buyer initiative is an aid which does not concern resources; it is aimed at first-time buyers wanting to purchase a new property as a principal residence.
- The 1% housing loan is directed at those first-time buyers working in a company employing 20 employers or more.
Affordable loan insurance for young workers

With these aids, first-time buyers no longer need a substantial sum to buy a property. The mortgage is only a supplement to the allocated funds. Thus, the insurers provide more affordable loan insurance offers with adjusted guarantees for young workers. To find the most affordable loan insurance, consider using The Online Comparator. Then ask for a customized quote from the insurers and brokers that have established the best deals.