This is a group of credit with a mortgage guarantee on your principal residence (in general). The repurchase of mortgage credit is only for the owners (or accessing the property in some cases). When the total amount of outstanding loans and consumer loans to redeem is large, the bank will require a guarantee for this loan buyback broker in repurchase of credit, is specialized in mortgage loan. Do not wait, a credit redemption or credit consolidation can allow you to balance your budget again.
There are two types of mortgage repurchase
We determine the share of home loan in the entire credit application, if this share is greater than 60% then it is a consolidation of mortgage. If this share is less than 60% then it is a consumer credit consolidation. It is obligatory to make this distinction since the Lagarde Act. The advantage for consumers is that the applied rates in real estate pooling are capped by the mortgage lending rates, historically very low.
The benefits of mortgage repurchase
The repurchase of credit with a high amount is possible because the maximum duration is 35 years. This significantly reduces the future monthly payment. The repurchase of credit with a maximum amount can not exceed 90% of the value of your house. Credit restructuring is thus facilitated by long terms, high amounts and low interest rates. Owners registered can consolidate their credits conso, under certain conditions.
The different stages of mortgage repurchase with mortgage guarantee
First, you have to list all of your personal loans and credits, your income and expenses. We will need to know also the estimate of your house. We see together the maximum desired monthly payment, including insurance, additional cash to add to your loan application. We add the regulated notary fees for setting up a mortgage loan. New Loan then makes a credit simulation. We choose with you the best formula, the most advantageous for you.
To reduce your high debt or provide a retirement or get cash for your new project, the purchase of credit with a mortgage can find a financial balance and predict the future with confidence.