Mortgage Loan Insurance: Simulation & Online Membership
Important information mortgage insurance
The bank, or other lender can no longer refuse, or even change the rates of the mortgage proposal if you decide to take out individual mortgage insurance external to the credit institution.
Definition of Real Estate Credit:
Loan whose duration, amount, repayment (capital depreciation + interest) is defined in advance at a fixed rate or according to revision clauses specified in the initial contract.
Provide a Mortgage Amortization Loan
The guarantee borrower when subscribing for a loan Amortizable real estate, bank or lender requires insurance to cover the credit in case of risk of death, disability, disability, or loss of employment, we find the solution for your home loan insurance.
Borrow money to buy real estate
On the occasion of a project of purchase, and in order to obtain the best conditions of loan, it is necessary to present a good file which will reassure the banking establishment. Many elements will be studied to study the feasibility of the project: the personal contribution, the stability of the income and the ability to manage its money.
General information loan real estate
The general information on the loan to study in detail are: Interest rates: It is an essential element in the cost of borrowing. In order to properly evaluate an offer, it is important to be interested in the ITG because it includes all the costs inherent to the loan. Interest rates can be fixed, variable or capped. Ask the banker different scenarios to choose the best solution for your situation.
The duration of the mortgage
The longer the duration, the higher the cost of financing. Banks are more hesitant about long loans.
Expenses related to the real estate loan
In order to get your loan, the bank requires mortgage loan insurance that covers the bank or loan if there is a problem (death, disability or disability). Note that you do not have to subscribe to the credit guarantee of your creditor. Thanks to the cogilaw company, you can play the competition and opt for the mortgage insurance of your choice. The fees are always included in the ITG and do not exceed 1.5%.
The cost of the guarantees of your home loan
Your creditor will systematically ask you for a guarantee. There are several: the mortgage (the real estate serves as collateral), the registration as a holder of a denier (same as the mortgage but for the old real estate), and the surety company (system created by banks, in case of concern, these companies take over).