Best Credit Redemption Rate, Real Estate Loan Redemption
The rate during a mortgage or a credit redemption is the key, Credit provider is mandated by banks to offer you the best.
Simulate the best rate online
Credit provider gives you the opportunity to carry out a free online credit redemption simulation, with a display of the proposed rate . Just fill out the form and validate it. It will automatically be sent to an advisor who will carry out a confidential analysis and return the result to you as soon as possible . Without even moving and without committing yourself, you get the advice of experts in pooling credits .
Mortgage Loan Rate and Credit Repurchase – Principle
The rate of a mortgage and a loan buyback determines the remuneration that the bank receives in exchange for its loan of money. It may be fixed or variable (cape or unfinished), depending on the terms of a loan agreement . A rate is expressed in two ways, ie the nominal rate and the annual percentage rate of charge (APR) . When comparing several bids, it is advisable to use the APR to compare the cost of the two financings. This is also valid for a comparison of mortgage loan or loan redemption. When taking steps to obtain a home loan, one must compare the two offers on the total cost of credit because a reduced APR can hide a high TAEA . The TAEA is the annual effective rate of insurance, it is the indicator of the cost of an annual insurance. To obtain a competitive rate, you must first apply for funding from a specialized agency, which may offer several financing offers depending on the profile of the borrower, whether for real estate credit or redemption of loans. There are different structures, classic banks, intermediaries (brokers, agents) and credit institutions.
Benefit from the best rates in force with Credit provider
With Credit provider, you have better opportunities to benefit from lower rates . Thanks to its experience in the purchase of credit and its mandates as a non-exclusive agent in banking and payment services, Credit provider is able to present you various financing offers. These mandates allow Credit provider to propose a solution presenting the best repurchase rates in force at its partners, both for financing including real estate loans and consumer loans . Each file is different, each need also, it is therefore essential to ensure each borrower a personalized study with the consideration of needs, whether for the amount of the monthly payment, the rate, the duration or the amount of the new project to finance. For this purpose, when a customer wants to consolidate his credits, Credit provider establishes a file that he will submit to credit institutions proposing the best rates but also proposing the solution that meets the needs of the customer. The know-how of this non-exclusive agent allows it to be more reactive and quickly identify banks allowing you to benefit from attractive rates . The borrower is informed at each step of the file of the progress of the operation, in a total concern for transparency.
5 tips to get the best rate
There are tips for getting the best rate in your credit or credit redemption project. Here is a non-exhaustive list.
1 – Soliciting a banking intermediary
The bank intermediary is a financial institution that lies between the bank (or credit institution) and the client. He works through mandates (broker, agent) and receives remuneration only in case of financing the file (percentage of the total amount). If the primary need of the borrower is to benefit from the best rate, the intermediary will make every effort to obtain the offer of credit or repurchase credit at the best rate, thus meeting his needs.
2 – Look after your borrower profile
The borrower profile is a criterion to be taken into account when applying for credit or loan redemption. This profile is noticeable with regard to the application for funding. The instruction of the file requires bank accounts, income, credit vouchers, etc … The presence of negative signals such as rejects, late payments or overdrafts can alter the image of the borrower profile, it is possible to improve by regularizing the situation and by providing “clean” bank accounts. Simply wait several months for the bank accounts to no longer show overdrafts or unpaid, an additional condition to obtain a better rate.
3 – The personal contribution
As part of a mortgage, the personal contribution or via an ELP (home savings plan) is a key element to obtain very interesting conditions (amount, rate). The larger the contribution, the shorter the repayment period and the better rates in effect. Note that the domiciliation of income can play at some banks, for credit institutions it is not necessarily necessary. In the purchase of credits, the contribution is not taken into account and is not necessarily useful.
4 – Play on the duration
The repayment term has a direct influence on the rate, the shorter the duration, the lower the rate. Conversely, the longer the repayment period, the higher the rate. If the capacity of the borrower allows it, it is better to leave on a shorter duration that will get better rates. This duration must of course take into account the applicant’s need for financing and repayment capacity, the consultant in charge of the study must ensure, through his duty of advice, that the credit granted will not impact on the financial equilibrium of the household.
5 – Have a permanent employment contract
The durability of employment remains an essential criterion when applying for a credit loan or combination with a financial institution, whether a bank or a credit institution. The CDI-type contract is fundamental to obtain good loan conditions, especially in terms of rates. For public servants, we will talk about the contract holder and for the independent professions, ideally 3 years of activities (presentation of balance sheets).
What is the best buyout of credits?
The best repurchase of credit, ie the most interesting offer is not only in the rate. There are several factors that determine the value of a loan consolidation offer, and these are: rate, insurance, advice and the service offered. The rate is necessarily the element that determines the cost of financing, each borrower seeks systematically to get the lowest and it makes sense, intermediaries and brokers work precisely in this direction with their financial partners. Insurance is an often neglected aspect but it is also a remuneration product for banks and credit institutions. An offer to buy loans with a very low rate can hide a very expensive insurance and ultimately, the offer of redemption is not necessarily the best. The delegation of insurance is an asset, it allows to ensure the financing from a third company. The duty of advice is an obligation of any financial institution, it must bring to the borrower the best advice and therefore guide him to the offer best suited to his needs. Finally, the proposed service is essential in determining the best offer for credit buyback since the advisor will ensure the editing of the file, search offers and he must be available at any time to answer questions from his client. These are all elements that define the best loan consolidation offer.
- Repurchase of credit without changing banks
- Can one renegotiate one’s mortgage without changing borrower insurance?