Flat in Gurgaon: Sell property and loan

by Hema Kumari Advertising

Real estate credit: what are the advantages of loan transfer?

The loan transfer, also called credit transfer, you know? What is its purpose and who is it for? To be insurable on the question and, in passing, make a good deal, follow the guide!

Who is the transfer interesting for?

Two very concrete scenarios prove to be advantageous for performing such an operation:

• You have bought a property in the past on a reduced rate loan, and now you want to resell it and sell your home loan at the same time.

• You are already an owner and want to sell this property in order to buy a new one. You would like, in absolute terms, to pay your first loan and need to commit to a second loan to buy your next home.

Sell property and loan

In the first case, at the time of resale of your property, you must pay the remaining capital. Often, an early repayment generates penalties and many additional costs, Flat in Noida but thanks to the transfer of credit, you benefit from the possibility of giving the interested buyer your loan and the property concerned.

This transaction, although not widespread in France, is winning for both parties. It allows the new buyer to benefit from the same rate as the previous owner. Flat in Gurgaon In fact, the higher the rate of credit is interesting, as in recent months, the more the offer is attractive for aspiring buyers.

Good to know: the future owner can take advantage of this rate if, in your original contract, was mentioned the concept of "transfer of loan to a third person".

Sell a property and buy another with more fluidity

In the event that you sell in order to buy back and need to take out a new loan, the credit transfer can save you a lot of extra costs, between the balance of the first loan and the opening of the new loan. Flat In Lucknow How? Simply contact the lender with the sales agreement for your first property and the current purchase.

In order for your bank to accept the transfer, Post Free classified ad in Australia without registration it is obviously necessary that the amount of your acquisition is at least equal to the remaining due, in connection with your initial loan.