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What is it about ?


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What is it about ?


WHAT IS A REPURCHASE MORTGAGE ?

The repurchase mortgage loan typically lowers the amount of your monthly payments, and hence to gain purchasing power, through the modification of one or more of the following: the duration of the loan, the borrowing rate.
Please note the decrease in the amount of your monthly payment, whether it is due to the increase in the loan term, leads to a higher total cost of your loan.

It may be a simple mortgage redemption or credit consolidation.

The reasons prompting you to opt for a debt consolidation loan can be diverse: a change in your family status, professional development, or simply enjoy a general decline in rates.

Our company operates throughout the Alpes-Maritimes. To facilitate your efforts and best meet your expectations, we can meet you at your home or any other place to your liking.

You may submit your request by filling the online application form. We promise to review your request and respond to you within 24 hours. This study is free and without obligation!
No money, of any nature whatsoever, may be demanded of an individual before obtaining one or more monetary loans.

 

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Renégociation de taux2


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Renégociation de taux2


DO NOT CONFUSE RENEGOTIATION /(refinance) AND CREDIT REDEMPTION

It is important to not confuse a loan renegotiation with a debt consolidation loan.

A loan renegotiation takes place at the establishment that has given you the original credit, while a credit redemption is made from a new bank.

Although the rate of renegotiation has some advantages such as the fact of not having to change banks, advise ... These benefits are limited and the debt consolidation loan can be an interesting alternative.
Your current bank has no obligation to conduct a renegotiation of your borrowing conditions. If it agrees to consider your application, it will be mainly based on your personal and professional situation: your income, your seniority in the bank, the level of your savings ... So it will offer to new conditions your credit, but you certainly will charge an application fee, and lower interest rates will be limited.
The reason is simple, you are already clients.

However, if you decide to redeem your credit through us, we can direct you to a bank interested in your profile and you will be willing to offer attractive lending conditions to count you among its clients.

You can initiate a rate renegotiation process with your bank and use our services for a credit redemption study. You will then have the possibility to choose the most beneficial option.

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Redemption of Real Estate Credit


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Redemption of Real Estate Credit


REDEMPTION OF REAL ESTATE CREDIT

With the lower level of observed rates in recent years, it may be interesting for you to redeem your mortgage.

Although debt consolidation entails additional costs (IRA, application fees, guarantee ...), the interest savings that may result from the operation can be substantial. The redemption may allow you to reduce the amount of your monthly payments or reduce the term of your loan.

Here is an example of estate credit redemption:

Alexandre and Sophie have taken out a mortgage in October 2012 for the purchase of their apartment. It was a loan of € 200,000 over a period of 25 years at a rate of 4%, a loan insurance at the rate of 0.36%.
Their initial monthly payment was 1 115.67 € insurance included.

Together they decide to redeem their mortgage in July 2015:

  • The remaining capital at that date is € 186 886.65
  • Early repayment penalties amounted to € 3 737.73
  • The new fees are estimated at € 1 868.87
  •  Application fees amount to € 800

Total amount to borrow  193 293.25

Choice of maintaining the long term with a reduction of the monthly payment

In July 2015, there will be 267 monthly payments to meet the initial loan period.
With a new rate to 2.6%, the new monthly payment amounts to  1 012.17 insurance included.
A saving of € 103.5 a month and a saving of € 27 634.34 on the life of the loan!

Choice of keeping the monthly payment and reduced credit period

If the couple decides to maintain an amount equivalent to the initial amount of their monthly installments of € 1 115.40,
They can then borrow over 20 years (240 monthly payments instead of the 267 initially remaining)
With a rate of 2.6%, which corresponds to 1 monthly payments of € 1 091.70.
A savings of € 35  877.55 on the life of the loan!

Maintaining the amount of your monthly payments combined with a reduction in the remaining life of the credit, is the solution that will allow you to minimize the cost of your credit.

You may submit your request by filling in the online application form. We promise to review your request and respond to you within 24 hours. This study is free and without obligation!
No money, of any nature whatsoever, may be demanded of an individual before obtaining one or more monetary loans.

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Consolidation credit


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Consolidation credit


CONSOLIDATION CREDIT

The loan consolidation allows you to consolidate all your loans, to a single monthly payment with one maturity date. It allows you for example to group one or more mortgage loans with an automotive credit and other consumer loans.

The aim of debt consolidation is to improve your purchasing power. You will not have a single maturity. You can in a loan consolidation, extend the borrowing period or there could be the possibility of a loan having a lower interest rate if market conditions allow. Caution, however, an extension of the credit period, even if it allows a reduction of the amount of the monthly payment, causes an increase in the total cost of credit.

The loan consolidation may in some cases allow you to finance a new project, or face some unexpected expenses.

If the share of funding on housing loans represents more than 60% of overall financing, then the credit will be treated as a mortgage if that is not the case then it will be treated as consumer credit.

You may submit your request by filling in the online application form. We promise to review your request and respond to you within 24 hours. This study is free and without obligation!
No money, of any nature whatsoever, may be demanded of an individual before obtaining one or more monetary loans.