Several factors present in the current Peruvian financial landscape, there is now a good time for a mortgage purchase. So if you have any type of credit on the mortgage, please read it in detail with this article. In the same way I explain to you that it is a purchase of mortgage, and why it may be convenient for you.
What is a mortgage purchase?
A mortgage purchase is a loan that grants you a financial institution, so that it meets a specific objective. You can only use it to cancel a mortgage loan that you hold with another financial institution.
It works the following way: I suppose you have a loan from institution A , and you request the purchase of a credit card from institution B. Then, Institution B cancels the institution. The totality of the aid, with the request that you have requested. On the other hand, you get a commitment to pay with the B institution , under different conditions than the original loan.
It should be noted that the purchase of mortgage notes does not negatively affect your financial history. In contrast, it can help you improve your financial performance, and that allows you a better management of your help.
Why is this the right time for a mortgage purchase?
The main reason that there is currently a good time for a mortgage purchase is the tendency for the low interest rates to be maintained. For example, in the case of mortgages, nowadays it is promising 7.2%, and the tendency is to follow it.
The example way, for a mortgage purchased in 2011 at the interest rate, the rate applied is approximately 32% higher than the one that applies today. Therefore, you will be able to obtain a better interest for a new loan (75% of the original credit) if you proceed with a purchase of a debt credit. As you can see, you will get a smaller amount of paid to perform this operation.
However, please check the feasibility of purchasing a purchase, include in your analysis the variation of the interest. Consider the other expenses that this option entails, such as the administrative costs and insurance costs that will be required of you.