Loan purchase with mortgage: how does it work?

What exactly is the repurchase of credit with mortgage? Who is this mortgage repurchase offer for? What are the different offers to buy mortgages? Discover our article about restructuring with guarantee!

What is the repurchase of credit with mortgage?

What is the repurchase of credit with mortgage?

What is the repurchase of credit with mortgage? This is a loan that allows you to consolidate a set of loans and debts, as well as to include a cash envelope. It is more specifically a new credit that comes by its amount clearing the remaining capital due debts and credits being refunded. The depreciation periods proposed range from sixty (5) years to four hundred and twenty (35) years. The peculiarity of mortgage repurchase is that collateral is required by the lending institution.

The guarantee is of a mortgage nature. A guarantee that allows the bank to go further in terms of more funding. This allows the bank to obtain more collateral against the risk of unpaid, and thus be able to offer its borrower customers a better credit redemption rate. So, for the realization of a mortgage purchase, the passage to the notary is necessary to set up the mortgage on the property taken as collateral. The amount of the guarantee is equal to the amount of the loan granted.

Who is the mortgage repurchase aimed at?

Who is the mortgage repurchase aimed at?

Who is the mortgage repurchase aimed at? A credit restructuring offer that is primarily aimed at people who own at least one property. Indeed, non-homeowners are not eligible to buy back mortgages because they are unable to provide the necessary collateral. In order to qualify for a combination of mortgages, the value of the mortgaged property must be at least ten per cent greater than the borrower’s (s) borrowing.

The purchase of mortgages with mortgage is aimed at homeowners wishing to use as leverage the market value of their property to rethink the management of their budget. A reworking of budget management that may include a Queen of Heartsment plan cash envelope. A reQueen of Heartsment operation aimed at people who want to obtain cash for the realization of new projects. Subject to being eligible for acceptance standards, FICP receivables for personal loan repayment incidents have the potential to be unlocked through a mortgage repurchase.

Mortgage buyback offers with mortgage!

Mortgage buyback offers with mortgage!

What are the mortgage buyback offers? There are two mortgage buyback offers:

  • The purchase of mortgage loans
  • The repurchase of credits with mortgage immo conso

The repurchase of consumer mortgage loans consists essentially of consolidating consumer credit of all kinds (revolving credit and personal loan, but also LOA and auto credit or work, etc.). An operation whose plan of Queen of Heartsment is out of real estate loan recovery. Borrowers may have finished repaying their home loan. Or, it is possible to set up a second mortgage after a preserved mortgage. If the mortgage is bonded, we no longer speak of second rank.

The repurchase of loans with immo conso mortgage consists of regrouping one or more real estate loans and consumer credits. A solution that allows the resumption of the remaining amounts to owe consumer loans at a real estate rate. Depending on the share of real estate outstanding purchased, then the proposed fixed interest rate is more or less attractive. Since the share of real estate outstanding is greater than sixty percent, then you can benefit from the best interest rate!