The repurchase of real estate credit for seniors allows people who are at least 62 years old to be able to renegotiate their real estate credit (s). Much more than just refinancing the real estate loan restructuring (s) offers the opportunity to finance an acquisition in the old. Some professional training notes on the renegotiation of real estate debt (s).
Purchase of mortgage for seniors
What are the characteristics of the mortgage repurchase for seniors? The characteristics of this restructuring operation are adapted to retired borrower profiles. A refinancing offer that offers the possibility to borrow or renegotiate outstanding mortgage loans up to ninety-five years.
A real financing solution for pensioners who are denied the realization of their project with conventional deposit banks. Yet the proposed interest rates are very competitive of 1.50% for any duration less than or equal to fifteen years. From 1.85% for financing from fifteen to twenty-five years. And 2.45% up to thirty-five years.
Buying home loans: what can be grouped?
One of the advantages of this type of operation is that there is no age limit (95 years in other words, no limit!). Then, it is an opportunity to benefit from a very low rate and to include your outstanding consumer credit. You want to finance a car, work, study to your children, or a holiday on the other side of the world?
So, it’s quite achievable! It is possible to include in the financing plan at a real estate rate a cash envelope. The cash can be allocated to a specific expenditure (s), or conversely, not affected, ie free to use up to 15% of the financed amount, limited to twenty thousand euros.
The financing is a real estate loan allowing the acquisition of real estate in the old until the age of 95 years end of amortization. The maximum loan start age is 90 years for a minimum amortization period of 60 months or 5 years.