Tuesday, April 07, 2020
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Credit buyback for annuitants: which procedure?

Investing in the stone can be profitable, simply before being able to release an annuity, it is necessary to contract mortgages in order to invest in a patrimony. These loans can be grouped together as part of a mortgage repurchase.

Annuitant: Principle of Credit Consolidation

Annuitant: Principle of Credit Consolidation

The property rent is part of the investments that can be very profitable and generate regular income for several years, this is particularly the case when one will invest in rental or rental housing. To hope to make a rent, it is necessary to go through the stage of the financing and thus the subscription to mortgages allowing to buy houses, apartments, buildings and to be able to propose them to the hiring.

Some rentiers have therefore used real estate loans for the acquisition and consumer loans for projects to renovate, mainly dedicated to the financing of works and decoration. Simply, these loans accumulated to each other can weigh in the monthly budget, the use of the pool of credit allows to redeem all these credits to enjoy a single monthly payment smaller and better adapted to the situation of the professional. Note that the grouping of credit can be solicited in the personal or professional, as well for an individual as for a SCI or SCPI.

The interest of the repurchase of loans for an annuitant

The interest of the repurchase of loans for an annuitant

An annuity is only possible if the income received by the investments is higher than the recurrent expenses, notably the credit charges which weigh heavily on the budget of an individual or a professional. Thus, to facilitate the rent of one or more investments, the annuitants no longer hesitate to optimize their expenses, the pooling of credit makes it possible to consolidate all the debts into one to reduce credit expenditure and thus improve the rate monthly rent.

To achieve this relief, it is necessary to use a bank or a credit institution specialized in both the products of repurchase of loans but also in the profiles rentiers, that they are established in a personal capacity or in a professional capacity. You do not treat a file in the same way for an annuitant as you do for a typical individual, you have to have a meticulous approach centered on the needs of the applicant, which not all banks are able to do.

Get a first estimate

Get a first estimate

Before getting involved in loan redemption procedures, it is advisable to use a first online simulation, simply because this approach will make it possible to obtain an estimate of the decrease in monthly payment but also the rates applied in this moment. It is thus possible to inform its loans in the course of repayment and to specify the information concerning its financial situation, the simulators are adapted to profiles of individual pensioners and pensioners in a professional capacity. Finally, it is good to know that this operation, it is possible to add an amount to finance (based on the mortgage portion) to be used for a new acquisition or work in real estate.

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