The establishment of militant insurers as highlighted by MAIF (Mutual Insurance Institute of Teachers of United States) was founded in 1934. This organization specializes in insurance ( health insurance, auto insurance, provident insurance or home insurance … ). Over the years, MAIF has developed its product portfolio by offering financing and savings solutions. It is, therefore, possible to approach MAIF to restructure its loans . Decryption of this product which allows you to optimize your budget.
What does MAIF offer in terms of credit restructuring?
The repurchase of credits is considered as an instrument for optimizing budgets.
Why ? Quite simply because its primary objective is to reduce a household's debt ratio and, mechanically, to increase its purchasing power .
Concretely, when the total amount of loan repayments corresponds to 40% or more of its income, then there is a high probability that the household will not be able to meet all of the other charges such as food shopping or the various conventional bills. ( gas, water, electricity, insurance, petrol… ).
It is to make budgets more flexible that the financing solution that is the repurchase of credits comes into play. Here, there is no question of borrowing to purchase a property. We borrow to settle outstanding loans . The household therefore only has a single rate loan with linear monthly repayment installments.
To find a solution adapted to each applicant, MAIF works with Crédit Immobilier Direct. Thus, it is possible to make a request for restructuring of its consumer loans such as the renegotiation of mortgage loans . In the context of a mortgage repurchase, the intervention of a notary may be necessary for the drafting of a notarial deed.
The redemption of credits is not without costs . In fact, to put this financial instrument in place, MAIF invoices administration fees: the amount represents approximately 1% of the total amount of the loan.
In addition, you will have to think about:
- Pay fees to financial organizations that have granted loans (these are the fees that correspond to early repayments ).
- Pay for notarial acts .
All costs charged during the implementation of a credit restructuring are included in the amount of the new loan. A new loan commits the applicant. Even if the file is admissible, it is good to carefully examine the various proposals that will be made by MAIF. The choice should not be based on the amount of the monthly payments, but on the total amount of the loan.
MAIF does not accept files from people who are registered in the Personal Credit Repayment Incidents File (FICP) or from people registered in the Central Check File (FCC).
Request a quote from MAIF
It is possible to request a quote online using the online service ( www.maif.fr ). For support, financial advisers are available to you from Monday to Friday from 8 a.m. to 7:30 p.m. and on Saturday from 8 a.m. to 5:30 p.m. The telephone number is 09-72-72-15-15 .