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Redemption of real estate credit

Redeeming Real Estate Credit: Real estate with the redemption of credits

Redeeming Real Estate Credit: Real estate with the redemption of credits

First of all, it is important to specify what is a credit redemption that should not be confused with the renegotiation of credit. In our mind, it is a question of restructuring debt. However, the confusion rightly exists with the renegotiation of credit. Whoever says renegotiate said to review his real estate financing with his original banker.

Real estate loan renegotiation

Real estate loan renegotiation

The renegotiation is above all to discuss the interest rate that no longer suits you, too expensive most of the time. This operation, if successful, will result in a new amortization schedule under the terms of the new rate. Only the rate has been negotiated.

Real estate credit with the repurchase of credit

Real estate credit with the repurchase of credit

In case of failure, you must find another banker. And in this case, there is the reason to speak of “repurchase” credit since there will be repayment of a loan to recreate another. In the case of a group credit purchase, the credit consolidation transaction is named.

A redemption of credits also applies in the case of a feeling of over-indebtedness. Our real estate broker buyback credit combines your credits consumption and real estate. If the amount of the home loan exceeds 60% of the total amount to refinance, then the loan consolidation will be real estate and will continue in the same category.

Purchase of credits conso or immo?

Purchase of credits conso or immo?

On the other hand, another observation: one can meet the problem caused by consumer credits when, for the most part, mortgages that make up the total are less than 60%.

An additional condition is necessary, the guarantee retained for this new financing must not be a mortgage or assimilated. Thus the new financing will be in the category of consumer loans.

Conversely, if the guarantee retained is a mortgage, the financing will be systematically in the real estate category. It’s all about simulation and looking for the good.

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