Sale of Mortgage Portfolio: The option to get a better rate

Maybe you have wondered what is the sale of home loan portfolio or debt move? Many people do not know that they can make use of for their financial benefit the exchange of the debt they caught with their bank when they authorized the mortgage on their houses.

You may question:

Why might anyone want to pass their own mortgage credit to another financial institution?

Well, there are several explanations why a person would like to sell their particular mortgage debt. And it is that will, many times, as the years move from the first installment from the mortgage, many things change: the particular policies of the banks, the problem of the country, the circumstances of the mortgage market, your own goals and personal priorities, amongst others.

In this way, the particular debtor of a mortgage loan may agree to sell his financial debt to another bank, without commission rate payments and with savings advantage in the monthly installment. Obviously, no one would agree to complete their debt to another financial institution if there was no advantage involved.

There are particular expenses within a mortgage loan, a few seem obvious to all of us, but others perhaps not really, and it is always preferable to understand well about it. Many times, we have been not really aware of the expenditures involved in contracting a mortgage and after signing the agreement with the bank we understand that it implied a greater compromise than we initially considered, which leads us to want to reduce the monthly fee associated with payment.

Exactly what immediate benefits can all of us obtain when requesting a home loan portfolio sale?

In most cases, the benefit is found in the variety of the interest rate or within the improvement of insurance getting. When we pass the home loan debt to another bank, what we should do is improve the situations of the interest rate, which is less than the original. In many cases, the property has already been paid in a medium or even high percentage, so the danger to the bank is lower. This may lead to the interest rate being decreased.

Likewise, the particular financial entity reassesses the situation, and in many cases, as the home loan payment is already advanced, the price of the mortgage can be reduce. Banks normally offer 2 types of insurance. Debtor life insurance coverage, used in case of loss of life of the holder, accident or even disability, and property insurance policy.

Getting a restructuring of your mortgage credit from your hand of another financial institution can be very beneficial for the home economic climate, allowing you to save or make investments the surplus.

Exchange of the debt

In the event you want to carry out this procedure, you must take into account the amount of charges you have to pay and the expenses related to the transfer of the financial debt, which, although they are not higher, it is not good not to deepen them.

In case you are worried about knowing if you be eligible for a this type of operation, don’t get worried! The requirements are usually the same as what you should take out a mortgage loan.  

Insurance delegation of a bank loan

Bank of Panay International (BPI) is a subsidiary of Credit International of Panay (CIF). A reference in the management of real estate assets for individuals, it proposes solutions for all transactions relating to households’ real estate assets.


Comparator insurance loan 

Comparator insurance loan

Compare the rate of home equity loan insurance and individual loan insurance quotes using the online mortgage insurance simulation tool to be sure to get the best loan cover offer


Bank loan insurance delegation

Bank loan insurance delegation

All banks including the real estate bank offer their own insurance borrower in their loan offer. You do not have to take out this often expensive bank loan insurance. Compare rates with our cheaper mortgage insurance calculator (from -20% to -70% even if you are over 40). Discover all our loan insurance solutions according to your situation:

  • bank loan for borrower practicing a risky sport,
  • bank credit for senior borrowers, more info
  • bank loans for a borrower practicing a dangerous occupation,
  • credit bank for borrowers with aggravated health risks,
  • bank loan for borrower wishing an unemployment guarantee.

Negotiate external insurance with your heritage & real estate banker. The brokerage firm makes it possible to simulate the cost of your loan insurance with the online credit insurance simulation tool and to compare the contracts of the main insurance companies specializing in mortgage insurance.


Online loan quote

Online loan quote

In the world of credit, several types of loans are made available to borrowers. These loans are unique and have different loan rates. Among these borrowing rates, we find the borrowing rate 0.


Zero rate loan with your bank

Zero rate loan with your bank

Still called PTZ, the zero rate loan is a loan that requires no interest rate. The borrower subscribes to a loan and for the repayment he pays only the amount borrowed at no additional cost. This is where the 0 borrowing rate gets its name. Thus, the interest rate related to this loan is 0%.