Do you own your home and are looking for a solution to reduce your debt ratio? The cause of the indebtedness of your financial situation is related to the accumulation of credits work and consumption subscribed in addition to the mortgage? So try to set up a buyback transaction for homeowners and reduce up to 60% the amount of your monthly payments while obtaining a cash envelope to carry out your projects.
What type of credit buyback for an owner?
When applying for a loan buyback from an intermediary broker operating from a bank, different products may be offered to the borrowing owner profiles. There are two main debt and credit restructuring products, the purchase of collateralized credit and the consolidation of unsecured loans.
The purchase of mortgage credit
The Guaranteed Credit Redemption also known as Mortgage Loan Redemption all that meets the features of the regime. Consolidation of loans with mortgage is proposed by default when a remaining principal of mortgage loan is repurchased. However, a mortgage loan buyback loan can consist of loans and consumer loans. The principle of the mortgage is a guarantee for the lending bank against the risk of insolvency of the borrower (s). The Ls2 scheme gives the advantage of obtaining a real estate rate for subscribers. In the event of early repayment of the redemption of credits, the IRAs (prepayment indemnities) are of the order of 3% of the amount remaining due.
The repurchase of credit without guarantee
The unsecured credit redemption also called consumer credit redemption is a re-investment that meets the features of the consumer scheme under the Scrivner Act One (LS1). No guarantee is assigned to it’s contract in the form of a personal loan. Only consumer loans, personal loans, revolving loans, work loans, etc., can be grouped together. Warning!!! However a tail of real estate loan can be taken up in the plan of a repurchase of consumer credit! In case of early repayment the IRA can not exceed 1% of the outstanding capital.
Reduce your monthly payments and get a cash!
Thanks to historically low interest rates, combine your mortgage and consumer loans to reduce the amount of your monthly payments. Although the decrease in monthly payments leads to an increase in the repayment period, you benefit from a low cost for the money borrowed.
By reducing your monthly debt ratio, you will be able to borrow, so you can benefit from a cash envelope that can exceed € 100k while benefiting from a controlled debt ratio.