Smoothing home loan and consumer loanOn May 3, 2020 by admin
It is indeed possible to “smooth” a home loan and a consumer loan, with the idea of obtaining only one monthly payment and if possible negotiate the repayment conditions, including in particular the rate.
We often see in the context of a home loan with a PTZ a smoothing of credit, that is to say, that the two loans are associated to offer only one fixed monthly payment for the entire duration of the loan. For the borrower, it is a single direct debit and a single credit contract, for the bank, it is a more complex file to assemble but which allows offering better repayment terms to his client.
Smooth a home loan and a consumer loan
It is possible, in the same vein, to smooth out a mortgage and a consumer loan together, with the aim of having only one withdrawal and ideally taking advantage of the rate proposed for the real estate rate. This operation is done through the repurchase of a mortgage. The principle is simple because the bank will offer the borrower to combine the two credits, they are simply redeemed to offer a single contract and a single monthly payment. As the credits are redeemed, it is possible to negotiate the conditions of repayment and in particular, the rate of the credit, which will be based on a real estate rate if more than 60% of the share of the credits is made up of mortgage.
Note that if the borrower has a subsidized or very advantageous loan (PTZ, employer loan), it is recommended to leave it aside, which allows this advantage to be preserved.
Smoothing mortgage and car loan
There is a solution for each type of credit and borrower needs, so it is also possible to smooth a home loan and a car loan. The recourse is identical to a traditional consumer loan, it is done through the consolidation of credit. We do not smoothly properly speaking the mortgage and the car loan, we combine them to offer the borrower a single monthly payment and a renegotiated rate.
The interest in this type of operation is to offer the borrower a single real estate rate, and a single monthly payment, which will not change if the rate is fixed. Finally, you can combine several credits and it is not necessary to limit yourself to a single car loan, you can combine all the loans of the household with the mortgage to take advantage of the repayment conditions.
Smoothing mortgage and work loan
Regarding the works, it is possible to smooth a home loan and a work loan together at the time of subscription. As the mortgage is intended for both acquisition and work, we can confuse the two needs, that is to say, a need to buy a new or old house and a need to carry out work, this allows you to have a single loan and a single monthly payment.
If the credit contract is already signed, it is then necessary to use the consolidation of the mortgage with the loan of the works, it is also possible to buy back a mortgage and add an additional sum (the equivalent of the loan of work) to finance the works. This is the advantage of having recourse to a flexible operation, it adapts to the needs of the borrower and of his current credits.