There are several types of credits to finance the different needs of consumers: real estate to buy or renovate housing, for consumption, automobile, student loan … As the years go by and the needs increase, it is not uncommon to end up with several loans to repay.
Repurchase of credit to lower the debt ratio
The rising cost of living in addition to the monthly payments puts many households in a difficult financial situation. After the levies by the owner, the lenders and the various suppliers, many are systematically in the red at the end of the month.
Difficult in these conditions to access property, not to mention that in the event of accumulation of credits, banks may be reluctant to grant a home loan. Indeed, the first important indicator for the lender when studying the loan request of an individual is his debt ratio.
If it is too high, taking on additional debt is impossible. To lower this ratio, the repurchase of mortgage is an effective solution.
Repurchase of mortgage with the assistance of a broker
Credit consolidation consists in grouping together all the outstanding credits of a person or a family to transform them into a single loan. Regardless of the conditions of the selected offer, the new creditor balances all debts before proposing a mortgage with reduced monthly payments and an extended repayment period (which implies an increase in its overall cost)
To succeed in this advantageous but very technical operation, the support of a broker is highly recommended. This professional studies the file and according to the financial situation and the needs of the borrower, helps him to find and negotiate the most suitable mortgage repurchase solution. Of course, nothing prevents you from carrying out a simulation on one of the many free specialized sites online.
Please note, until the signing of a contract for one of the formulas presented by the broker, neither he nor the lender has the right to claim any advance of funds. This is one of the essential points of consumer protection regulations.