You have already taken out several smaller loans or loans. But the debt burden is only increasing. You are afraid of losing your house. However, a regrouping of credits can offer a solution. Talk to a specialist about it!
Too many debts: you are not the only one
You have taken out several smaller loans to be able to pay certain costs. But it is gradually becoming impossible to keep repaying those loans. You are therefore afraid of losing your house and having to go back to renting. The situation seems hopeless. And yet … a solution is possible . So wait a little longer to sell your house and find out about the options for regrouping your loans.
Regrouping credits and debts: two options
Depending on your situation, two solutions are possible and you can avoid selling your house.
A new Tasil Ransom with a real estate destination
If the capital of your Tasil Ransom is greater than your other debts (car loan, installment loan, credit card, taxes, family debts), you can take a new Tasil Ransom that regroups all your debts into one new mortgage loan with a real-estate purpose.
This gives you the following benefits:
- lower your monthly payment
- you keep a tax benefit for the property
- you can extend the duration of the new credit (up to 25 years)
You do, however, have to pay notary fees, as well as costs for a new mortgage registration.
A mortgage loan with a movable destination
If the balance of your Tasil Ransom is smaller than your other debts (car loan, installment loan, credit card, taxes, family debts), you can take out a new mortgage with a movable destination. They also group all your debts into one new credit.
What are the benefits of this?
- lower your monthly payment
- you can extend the duration of the new credit (up to 20 years)
In this formula you also pay notary fees and the costs for a new mortgage registration.
What are the major differences between the two solutions?
Both solutions have been possible through a mortgage loan since the last legislative change in April 2017. The big difference lies in the destination . Is it mainly movable or immovable?
In addition, there are also differences in the acceptance criteria among lenders in practice. You will find these differences mainly in terms of quota, rate and duration .
Finally, there are only a few lenders who offer mortgage loans with a movable purpose. Fortunately, Auxilina cooperates with a number of lenders who have this solution in their product range.
If you do not know which solution is possible for you, make an appointment with an independent credit broker such as Auxilina. Our Tasil Ransom specialist calculates how much you can borrow and makes a simulation for you. You will find an Auxilina office in your area here .
Be sure to take the following documents with you:
- your identity card
- some recent wage sheets
- the repayment tables of the various current loans
We will get started right away for you.
Don’t wait any longer, time for action!
If you have too many debts, do not wait until tomorrow to contact us. We can help you keep your house. A regrouping of credits is permitted in certain cases. Although strict rules apply, nothing is impossible!