A civil servant borrower can obtain the consolidation of his credits without mortgage, here is our advice.
Credit repurchase: civil servant and without mortgage
A grouping of credits for a civil servant borrower is possible without mortgage, it is then necessary to understand the operation of this operation. If in the total of credits repurchased, the share of mortgage loan exceeds 60%, it will be a repurchase of mortgage loan and there will inevitably be a guarantee, either a mortgage, or a guarantee (by a company or an individual).
Otherwise, if in the total of credits repurchased, the share of mortgage loan is less than 60%, there it will be a repurchase of consumer loans and the guarantee is not necessarily required.All this remains to be studied since the lender can claim a guarantee by mortgage even for a grouping of consumer loans.
Official loan repurchase without mortgage: a necessity
It is perfectly understandable that a civil servant household which took out a mortgage a few years ago and which had a mortgage guarantee does not wish to reiterate this type of guarantee for a repurchase of loans. The grouping of loans must make it possible to reduce your monthly payments without necessarily going through a mortgage guarantee.
Simply, the repurchases of credits with mortgage are those proposing the best rates because this guarantee is a security for the lender who can then propose financing on a rather low fixed rate, which is not negligible at the moment. There is a reflection on the part of the civil servant borrower on his situation and on what can buy back credits. It must above all be remembered that the mortgage is not necessarily imposed, it all depends on the situation of the civil servant household.
Get a quote online
The best solution is to carry out a simulation of grouping of credits for civil servant. This simulation form (free and without obligation) lets you know almost immediately if a mortgage guarantee will be required by the lender. Other information will be given such as the rate, the duration and the new reduced monthly payment.
Good to know: banking intermediaries work with several credit institutions (up to 7 at the same time), they can then offer tailor-made offers.