Low interest rate: favorable to loan consolidation

It was thought to have reached a floor, it was not a priori. Households that are reluctant to invest in real estate are likely to break through in 2015 as annual credit rates are expected to fall further. The sacrosanct “historically low” at 2.11% in April 2015 would still not be reached. This exceptionally favorable climate also allows for new opportunities for repurchasing or renegotiating mortgage loans. Who benefits from these low interest rates? Mortgage interest rates, which continue to fall, are of course of benefit to borrowers who are not indebted, have good incomes, stable and serious professional potential, and often savings, which can easily be seen from their profile. , renegotiate their credit with their bank. The operation is simply to recalculate the remaining balance due at the lower rate in effect. It allows either to reduce the duration of the loan by keeping practically the same monthly payment and to save several thousand euros of interest or to keep the same duration by decreasing the amount of the maturities. The renegotiation is managed by the bank that granted the loan. If your bank refuses to renegotiate your mortgage at a high rate a few years ago, you can still take advantage of the current attractive rates by buying back your loan. The operation involves taking out a new loan at a new banking institution at a lower rate than the one you signed a few years ago. Such operations are in principle profitable for borrowers whose loan has not in principle exceeded the first third of its term of …

Loan consolidation: a solution before over-indebtedness

With the crisis, economic difficulties are leading households towards new financial challenges. Also, faced with the generalization of credit as a mode of purchase, many households are increasing loans and, consequently, monthly payments. In the face of these obligations, the purchase of loans is an optimal solution. The advantages of credit redemption Loan redemption, or consolidation, consists in grouping several credits into one. In other words, the various monthly payments that households may face will be summarized in a single schedule, which will extend over a longer period. This solution has the great advantage of offering homes a real financial breathing, for the simple reason that, in correlation with its spread over time, the credit “unified” will be refocused to a single bank, so that its rate will be reduced, and this in proportions that can exceed 50%. By opting for this system, the interested party will find a solution that is both practical (a single schedule, a single establishment, a single rate), but also a comfortable mechanism by which he can renew his finances and see his purchasing power. revalued. For what types of households? Loan consolidation is a comprehensive solution that will satisfy any type of household, including large households of four or more people. This category of household needs to experience situations that require the most stringent budget management, to be able to cope with heavy or unforeseen expenses. Those interested can find their account. However, the repurchase of credit is not a reserved system …

The consolidation of loans

Today you get credit for everything (automobile, consumer, real estate purchase …) with a facility so disconcerting that it often leads to a debt situation. To accumulate several monthly payments inexorably leads to financial asphyxia. There is no point in waiting for the accounts to turn red earlier and earlier in the month, as incidents and related rejection fees accumulate, only adding to the amount of overdraft and overdraft. To get by, a solution exists, the purchase of credits. The redemption of credit, a concept that seduces A sluggish economic situation often putting borrowers in trouble to honor maturities of accumulated loans, historically low real estate rates, redemption rates generally quite attractive …. All conditions are met to consider a buyback of credits. The buy-back or regrouping of credits is an operation that consists in gathering all outstanding loans in a single credit, with the effect of reducing the amount of monthly payments and thus reducing the household debt ratio. The people who use them can therefore rebalance their cash flow and regain a greater margin of purchasing power. This type of financial arrangement attracts many borrowers who accumulate so many loans that it is impossible for them to meet their deadlines. By grouping all credits into one with repayments spread over time (up to 10 years for a personal loan) you get much reduced monthly payments. The repayment period is certainly longer but the reduced monthly payments offer a real “breath of fresh air” to borrowers strangled by a reduced purchasing power. Gather…

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