The repurchase of credit is not only intended to reduce the monthly payments, it can also make it possible to finance a real estate purchase, thanks to a judicious readjustment of the debts. Explanations on the setting up of this financing and on obtaining it.
Finance a real estate purchase with the purchase of credit
The repurchase of credits is mainly known to allow a borrower to reduce his monthly payments, his various loans are for that reason bought by a specialized organization which will propose to him to reduce his monthly payments by lengthening the duration of repayment. Many borrowers use this financing each year and can count on this operation to ensure a return to financial equilibrium.
Simply, the repurchase of loans can also be used to spread consumer credit debt over a longer period to make way for a mortgage payment monthly, a financing that will therefore aim to distribute more equitably different debts to allow the borrower to finance a real estate purchase, a purchase that can be included directly in the purchase of credits or obtained as part of a home loan.
Loan purchase and mortgage
Redeeming its credits will make it possible to standardize the rates and durations, it will also make it possible to simplify the repayments of credits by proposing a smaller monthly payment with a single levy. In terms of management, it is much simpler for the borrower and it can count in a process of mortgage loan from a specialized bank. Regarding the purchase of real estate, two solutions are possible, either ask the body that repurchases credit to include an amount to buy the property, or subscribe after buying back the mortgage loan through another bank.
The most important being in this operation to be able to finance its purchase real estate, some banks do not propose to be able to add an amount dedicated to a real estate purchase in the repurchase of loans, it is thus important to establish a request for financing on line to compare offers and find the establishments accepting these special arrangements.
Simulate and compare credit redemption offers
Credit institutions offering to consolidate loans and finance a real estate purchase are not numerous and not necessarily easy to find, which does not facilitate the search for borrowers in this direction. This is why the comparator of repurchase of loans makes it possible to simplify the searches and to save time to validate its financing. Only one application is filed with multiple institutions at the same time, which will send the applicant several funding proposals later.
The setting up of this type of financing is complicated and requires the use of a trusted body, the launch of a simulation will thus enable the feasibility to be validated at first, but also to solicit the different organizations that can respond favorably to this request.. It is a free approach and without any constraint of commitment.