Repurchase of credit over 12 years (144 months): advice and solutions.

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Get your credit redemption over 144 months and with the best rates on the market. Operation and simulation online.

The repurchase of credit over a period of 12 years

The repurchase of credit over a period of 12 years

The credit buyback can be used to consolidate consumer loans and mortgages, or only to buy a mortgage loan. There are two types of loan redemption, the one that depends on consumer credit and the one that depends on the mortgage loan. It is essentially the share of real estate loans to be taken over that determines the nature of the financing. On a 12-year credit redemption, the two operations are possible, that is to say that one can also group consumer loans over 144 months (it is also the duration maximum on this type of financing) or buy back a mortgage over 12 years (the minimum duration is 60 months).

The choice of duration is usually based on the repayment capacity of the borrower but also depending on the monthly payment he wants to repay on his new credit agreement, the adjustment around the duration of 144 months is done depending on the remaining amounts to be repaid and the potential new need to be financed.

Get the best 12-year loan redemption rate

Get the best 12-year loan redemption rate

The rate plays an important role in a request for loan repurchase, it allows to determine the amount of interest that will have to be paid by the borrower. On a group of credit, the rate over a period of 12 years will be interesting, especially if it is a consolidation of mortgage loan because the presence of the mortgage guarantee will make it easier to validate the file and obtaining better rates.

Simply, the rates vary from one institution to another, it depends on the products offered by banks because if some are primarily specialized in the consolidation of consumer loan, others offer only mortgage repurchase where the rates are much more interesting. The rate will therefore depend on the nature of the repurchase of credit but also on the duration, because if some wish to obtain their financing on 144 months, it is necessary that the capacity of refunding can allow it.

Simulate a 144-month credit redemption

Simulate a 144-month credit redemption

In the face of competition in the credit buy-out market and the disparity of offers that may create uncertainty for borrowers, it is strongly recommended to use a credit redemption simulation, which is a preliminary step to obtain a first feasibility opinion but also to visualize the rates.

The simulators thus make it possible to obtain a 144-month credit buyback offer, thus taking into account the borrower’s expectations as well as his financial and personal situation. Good to know, the simulation is done completely free of charge and without commitment constraints, the lending institutions undertake to inform the borrower of the terms of repurchase loans.