What is effort rate?

What is effort rate?
What is effort rate?

If your effort rate is high, you can optimize it to increase your chances of obtaining a property loan. To do this, start by looking at where you can reduce your expenses. By changing energy supplier or ISP (Internet Service Provider) and/or renegotiating your insurance contracts, you can mechanically reduce your effort rate. If you have several consumer loans, you can also consolidate them to reduce your monthly payments. If the amount to be repaid is not too large, you also have the option of repaying the remaining amount in advance. If prepayment penalties can be applied, this can make it easier for you to obtain a mortgage. In addition, by extending your loan term, you will be able to reduce your monthly payments, and therefore your effort rate. If you are eligible, taking out a zero-interest loan (PTZ), allowing you to finance part of your purchase with an interest-free loan, will also help you reduce the total cost of your credit and therefore your effort rate.

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