Renegotiating a mortgage is interesting when rates are low, here’s how to do it, even without contributions.
Credit renegotiation without contribution
The best rates offered at this time are below the symbolic bar of 1%, that is to say that one can borrow or renegotiate his credit on unprecedented conditions, this is the insurance of obtain exclusive financing conditions, even without contribution. The renegotiation amounts to reviewing the mortgage conditions, that is to say the rate, the duration and possibly the insurance. For that, it is enough to establish a request near its lending organization or to entrust this project to a real specialist like a broker, a specialized bank or by using an online simulator.
The mortgage form allows you to apply for a loan or renegotiation without contribution directly online, this is the assurance of obtaining within 24 hours several loan offers at the best current conditions. To know that several banks, brokers and banking establishments are surveyed at the same time, to favor the comparison and the competition.
What paper to renegotiate a loan?
The bank has in its possession all the elements necessary to carry out a feasibility study regarding the renegotiation request, it is very likely that the latter requests some updated information, in order to check the repayment capacity of the household, especially if must increase or reduce the monthly payment. It is therefore necessary to start by contacting his bank adviser to carry out a renegotiation request, the latter will inform the borrower of the documents to be produced to complete the operation. Namely that the whole is formalized by an addendum to the contract and therefore that the contract is not modified.
If, on the other hand, the borrower decides to apply to another bank in the context of a loan repurchase, it will then have to resume all its procedures from the start and provide all the documents necessary for a financing request: pay, statements of account, tax notice, RIB, proof of credit, identity card …
The contribution and renegotiation of mortgage loan
The contribution is an important criterion for the banks but other points can be put forward to obtain its financing. In renegotiating credit, it is not necessary to have a contribution to be able to obtain a better rate, it is the situation of the borrower which will make it possible to condition the obtaining of advantageous rates.
Good to know, renegotiation is not only done on the mortgage rate, you also have to think about the borrower insurance rate, there are savings to be made on the monthly payments. A comparison is necessary, it is done on the APR for the credit rate and on the APR for the insurance rate. Do not wait any longer, the rise in rates could harm the feasibility of financing, the time is right to embark on a renegotiation of credit, even if the mortgage is very recent, the study being free, it would be a shame not to not enjoy it.