To obtain a repurchase of credit requires to know at least the establishments which can propose offers of repurchase of mortgage loan and regrouping of credits.
Presentation of the repurchase of credit and specialists on this market
The credit buyback can have two orientations, it can allow a borrower to buy back his mortgage to take advantage of lower rates and therefore savings on interest to be repaid. The repurchase of credit can also concern several credits at the same time and one speaks at this level of a regrouping of loans to lengthen the duration and reduce the monthly payments. The repurchase of a single mortgage is simpler to put in place, the classic banks are often the best placed.
The grouping of loans is more complex to put in place, it is necessary to gather the various credits, to study the feasibility and especially to check the situation before and after consolidation of the debts. These operations are sometimes offered by conventional banks, but it is usually the specialized credit institutions that offer these offers, there are two other types of financing in loan consolidation, mortgage buybacks and credit buybacks. guarantee.
The classic banks
It is simply the bank branches of individuals and professionals who manage the accounts on a daily basis. These agencies have financial products and generally offer the purchase of real estate credit to all their customers. Note that when you are a customer of a bank and you want to enjoy a favorable rate, we will achieve a renegotiation of credit. These banks sometimes offer credit consolidation, either directly with a financial advisor specializing in the field, or through a subsidiary that is none other than the specialized credit institution.
Specialized credit institutions
Almost all banks have subsidiaries in their groups that specialize in financing credit consolidation transactions. We are talking about subsidiaries because this financing represents a significant market in France and that its implementation requires a certain expertise, it is for this reason that the bank branches have developed subsidiaries to facilitate the processing of applications and the financing of business combinations. borrowing. Simply, access to these credit institutions is not always possible directly, it must either go through a bank or go through a broker.
Brokers specialized in credit repurchase
The broker is an independent who does not offer financing, he simply proposes to instruct the loan buyback file, to present it to banks and credit institutions to obtain one to several offers on behalf of the client, that is to say the borrower who wants to reduce his monthly payments or benefit from a higher rate for his mortgage. The broker is remunerated only on the financing of the file but very often, it is a specialized organization which has a good knowledge of the market and especially the criteria of the banks. He therefore knows quickly which organization to direct the loan redemption file to obtain financing.