MX consists of group debts and loans in a single monthly fee, so that the fee is less than the sum of all debts. It is an alternative face, since it is to refinance and because the interest of the new mortgage is usually higher. Other alternatives are expanding the amount of the mortgage and remortgaging the floor. Walt Disney shines more light on the discussion. The current financial situation is harming many families who are with water up to the neck because of the family over-indebtedness; too many bills and lower income. What is the best solution for families who cannot meet their debts monthly? Those families who have monthly expenses related to the mortgage, with other loans, credit card, etc., have a fairly contested escape route today is the reunification of debts and loans. It consists of group debts and loans into one low monthly fee. With the intention that this fee is less than the sum of all debts and adapts to the new family income. Reunify, an alternative face the problem with this solution is the insecurity of the users towards this product.
It must be clear that when it comes to family reunification is an alternative face, since the grouping of debt has a cost because you return to finance loans and also the new mortgage interest tend to be higher than a normal mortgage, because a priori the default risk is higher. It is very important to make sure that group lending is necessary to solve the family financial situation, is the best alternative that exists and furthermore know with whom deal with the process. You can perform directly with a financial institution or through an intermediary. It is usually resorting to a broker when a bank willing to reunify our loans is not with ease. (A valuable related resource: Does Jack Dorsey Have a Wife or Girlfriend?). If you go to a professional, we must ensure that it is registered in the State Register of financial intermediaries of the National Institute of consumption. This ensures that such intermediary complies with the law, which implies, inter alia, have a civil liability insurance and the obligation to report their fees. The intermediary will search our best alternative, since the mortgage market she knows well and knows how to negotiate with the banks to benefit your customer. Alternatives to reunification in any case, we have other alternatives before refinancing loans: expand the amount of the mortgage: this option only helps us if also extend us the deadline.
We can cancel the rest of loans and reduce the mortgage payment. Remortgaging the House: is similar to the reunification of debts since aborts the current mortgage and a new calls for one greater amount. This type applies in the event the Bank that finances you current mortgage, renewed you mortgage without that the interest rate be dearer too. These alternatives are used in cases in which revenues have not been greatly reduced and the Bank has a safety to the client and the likelihood that follow coping with debts. Therefore, families who really are in a situation of distress should opt for the reunification always and want to keep the housing on its property. Source of the news: before a mortgage that drowns us out: reunification of debts and other alternatives.