The benefits of buying back mortgage loans to avoid over-indebtedness

The benefits of buying back mortgage loans to avoid over-indebtedness

 Real estate credit is distributed to French households and professionals by banks and financial institutions in order to materialize the acquisition of real estate. Acquisition funds may be earmarked for a primary or secondary residence, or as a tax or rental investment. Obtaining a mortgage is most often framed by the presence of a sales agreement.

The acquired property is then generally provided as mortgage guarantee until the total repayment of said loan.

The repurchase of mortgage

The repurchase of mortgage

The mortgage can be the subject of a credit redemption or credit restructuring operation when it is bought back with consumer credit. Today, to calculate their home loan, French households now tend to choose a longer mortgage term than in the past. This mortgage term now exceeds 20 years.

To calculate your mortgage today, without exceeding the debt limit thresholds imposed by banks and lending institutions, it is appropriate to borrow over a term of 25 or 30 years. And even see more for some real estate Robin Hoodment projects. It should be known that several credits can be cumulated:

  • The 0% interest rate loan
  • The social housing loan
  • The loan agreement
  • The Housing Savings Loan
  • The All Habitat loan
  • The loan Relay
  • The resale credit
  • The loan 1% housing
  • Personalized Housing Assistance (APL)
  • Etc…

So if monthly mortgage payments have become very high for the balance of household budget management, in this case it is recommended to buy a mortgage. If borrowers wish to reduce the monthly payments of their current loans (real estate loans, construction loans, etc.), the repurchase of real estate loans offers them the possibility of rectifying a situation of management of degraded bank accounts.

A real estate loan restructuring formula that allows borrowers to undeniably reduce the burden of monthly installments. However, it should be noted that the repurchase of mortgage increases the number of monthly payments to be refunded. Real estate loan consolidation is, of course, a substitute credit distributed by a credit redemption organization specific to this area of ​​activity.

Advantages of buying real estate loans

Advantages of buying real estate loans

The redemption of real estate loans has the advantage of grouping an amount in euros equivalent to the totality of the sum due to the remaining capital due from the current appropriations. The principle of pooling real estate credit is to obtain a sharp decline in monthly payments and this in order to allow subscribers to rebalance the management of the home with the benefit of a more than advantageous debtor interest rate.

The profit and the objective of a real estate loan restructuring is to carry out a total spread of the real estate loan taken over and subscribed a few years ago. Customers must then get a single monthly charge to manage. A solution that avoids inevitable over-indebtedness and debt become thus compatible with the household income of the debtor(s).

A real estate loan restructuring operation increases the subscribers’ repayment capacity, taking into account a considerable reduction of 30 to 60% according to the situations encountered. Customers have the advantage of being able to benefit from an additional cash envelope for the good payment of their future projects like works or a new car vehicle, but also to fill a bank overdraft, etc.

Credit redemption and over-indebtedness

Credit redemption and over-indebtedness

Do not renegotiate your real estate credit directly with the current lender. Brokerage firms specializing in the real estate buyback sector are at your disposal to study with you all the possibilities of successfully restore your financial situation to avoid over-indebtedness. Failing that, there is still the possibility of seizing the debt distress commission from the Bank. It will constitute a file which favors a study of the file for a lending organization.

The acquisition of credit overindebtedness is a banking operation that aims to restructure all its debts and credits into a loan (mortgage, consumer loan, waive expenses or subscriptions, auto credit, work, renewable, tax debts, personal, etc., thus allowing a staggering of the new credit and a high reduction of the amount of monthly payments to be refunded from 30% to 60%.

However, it must be emphasized that the purchase of credit is not essentially a solution that in the case of over-indebtedness, it can also offer a household an additional income to allow the establishment of a programmed savings, or where you can simply invest.

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