File on Credit Redemption and Mortgage

File on Credit Redemption and Mortgage

Close up on the repurchase of loans in our file about the repurchase of credits and the mortgage! Discover the different types of credit redemption. Zoom on the mortgage, and discover the solutions on the credit market.

Focus on the credit buyback transaction

There are several ways to redeem credits. The repurchase of real estate loan that offers the opportunity to undertake the renegotiation of its loan agreement immo. It allows to renegotiate the nominal interest rate of the credit, as well as the borrower insurance cover. The depreciation period can not be lengthened, substantially reduced or equal to that before operation. The purpose of home loan buyback is to lower the total cost of credit.

The repurchase of consumer credit and real estate formula that is based on the principle of credit restructuring. That allows to group consumer credit and mortgages to make one single credit. The extension of the duration is possible, this in order to reduce the monthly repayment charge. This is a mortgage.

The repurchase of consumer loans which consists of grouping together a set of consumer loans. Perhaps also financed a tail of real estate credit, ie a small remaining debt due real estate loan.

Zoom on the mortgage in general

When a home loan is taken out with a network bank, the granting rule is generally identical from one bank to another. distribute real estate loan agreements subject to almost identical acceptance standards.

One of the same standards in retail banking is the household debt ratio. It must be 33% insurance included. Otherwise, your application for real estate is refused! It is possible to claim a higher debt ratio under conditions.

When the mortgage is subscribed with a mortgage bank, then the rule of granting differs from one bank to another. It should be noted that mortgage lenders do not require the domiciliation of bank accounts. Also, a mortgage bank does not offer its borrowing customers savings products and insurance products (automobile, home, etc.), or mobile phone subscriptions already seen in retail banking.

The job of a bank at Mortgage is simply to settle for individuals. It offers tailor-made solutions to its customers. It adapts to different borrower profiles by distributing s real estate adapted to their needs. For example, it allows senior borrowers to repay their mortgage until age 95. In order to overcome the very expensive cost of a retiree’s life insurance, the latter is not mandatory. Although highly recommended, it is optional.

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