Lyon Hockey Club

Main Menu

  • Home
  • Fantasy Hockey
  • Hockey Costs
  • Lyon Hockey
  • NHL Salaries
  • Financial

Lyon Hockey Club

Header Banner

Lyon Hockey Club

  • Home
  • Fantasy Hockey
  • Hockey Costs
  • Lyon Hockey
  • NHL Salaries
  • Financial
Financial
Home›Financial›Credit repurchase: the role of the broker for debt restructuring

Credit repurchase: the role of the broker for debt restructuring

By David Myers
December 30, 2019
0
0

Because it is a rather complex operation, the credit repurchase broker must above all advise the borrower.

Before signing , the borrower will be informed of the advantages and disadvantages of the transaction in order to make an informed commitment.

Indeed, the broker has above all a duty to advise . He must therefore explain the interest of the operation and propose the offer most suited to the profile and the project of the borrower.

What is a credit buy-back?

What is a credit buy-back?

“Debt restructuring”, “refinancing”, “repurchase of credit”, as many expressions which indicate the same operation : that of the regrouping of credits. The borrower who has several loans in progress can, through this, consolidate them into one.

The main objective is to reduce its debt ratio. In other cases, the repurchase of credits makes it possible to finance a new project, the financing of the studies of the children for example.

Example of the interest on a loan repurchase

Example of the interest on a loan repurchase

Mr. Duponte has taken out a car loan, a work loan and a mortgage. Its debt ratio greatly exceeds the 33% recommended by the banks.

In his case, buying back credit is a way to reduce his debt ratio and balance his accounts. There will be only one monthly payment at a single rate instead of several at different rates.

The broker supports the borrower

The broker supports the borrower

The purpose of the credit repurchase broker is to provide the best solution to the borrower. There are also two types of credit repurchase : mortgage repurchase, this includes mortgage, and consumer credit repurchase.

In the case of a mortgage loan redemption, a guarantee will be taken on the property . For this, it will go through a notary. This will reimburse the various creditors.

In all cases, the broker acts in the interest of the borrower . He will offer him the most suitable solution by informing him of the terms and conditions and the risks he incurs in the event of default. He therefore has the role of guide.

Related posts:

  1. Cheap online loans for self-employed
  2. How to get a fast loan without credit checker
  3. Debt restructuring despite credit bureau entry
  4. Credit for dentist borrowing due to the high cost

Categories

  • Fantasy Hockey
  • Financial
  • Hockey Costs
  • Lyon Hockey
  • NHL Salaries

Recent Posts

  • The New York Islanders have options for a left fielder this offseason
  • McDavid has a goal and an assist for the Oilers in the Game 7 shutout against the Kings
  • Federal relief grant helps cover losses at ShoWare center in Kent
  • Sports Digest: Austria upset Czech Republic at World Hockey Championships
  • Win now or build for the future? In today’s NHL, the choice becomes clear for Kraken and the rest
  • Terms and Conditions
  • Privacy Policy