Contrary to popular belief, financial difficulties do not only concern tenants or people in over-indebtedness . Faced with a sometimes precarious economic context, a good number of owners can also find themselves in situations of excessive debt.
Just because a person owns a property does not mean that they are exempt from difficulties. Thus, the many loan offers can be offered to owners with the lowest incomes , or who have experienced a sudden change of situation ( personal or professional ), such as loss of employment for example.
Credit redemptions are possible by owning
Expenses, such as rent and charges, are requested from tenants making a loan redemption request. But owners can also seek the help of already lending organizations or external organizations to obtain a smoothing of monthly payments due .
The housing budget is then indicated in the request, whether it is a rent or a bank loan. In addition, the fact of owning your home allows organizations financing loan repurchase to offer another solution to first-time buyers, mortgage credit .
Little-known solution: mortgage credit
As its name suggests, a mortgage loan consists of lending an owner a sum of money that allows him to face repayment difficulties, through registration in mortgage rank.
The fact that the mortgage original already has a mortgage does not prevent the registration of another mortgage. We then speak of a 1st rank mortgage (for the initial lender) and a 2nd rank mortgage (for the next lender).
In addition, the initial lender has priority in recovering the mortgage value in the event of a sale, but the secondary body is also concerned and will receive part of the proceeds of the sale, after the main lender has received its share. .
Mortgage credit for homeowners , if it materializes partial ownership, provides the necessary guarantees to lenders while making it possible to repay debts that are currently difficult to repay.
In the event of a sale, the owner must nevertheless keep in mind that the sum resulting from the sale will be impacted by the shares of lender organizations having a mortgage guarantee and ancillary costs (such as notary fees or mortgage lifting) .