Archive February 17, 2020

Prepare your file well for a work loan

The construction credit allows the necessary renovations to be made to a house. Whether it is to embellish it, enlarge it, make it more comfortable or optimize its energy performance, it is important to prepare your works file well in order to hope to obtain financing.

The stage of constitution of the file deserves all the attentions, whatever the nature of the loan requested. Even if the borrower has the choice between the different forms of work credit available, he should not forget that the ideal credit is the one that best fits his profile and his financial situation.

 

The documents required to obtain a works credit

The documents required to obtain a works credit

A carefully prepared work credit is already a big step towards obtaining the loan.

Among the documents that must make up this file is:

  1. the deed authentic , intended to justify that the building being the object of works belongs effectively to the borrower. Most of the time it is a title deed or, failing that, an extract from the property tax roll issued by the competent authorities.
  2. You must add to this file for a work credit, copies of the identity cards of debtors or sureties, if they exist.
  3. It is also important to request a quote from the professional responsible for carrying out the planned repairs and attach this document to the file.
  4. To complete the file, the receipts of the borrower’s income, that is to say the last three salary statements accompanied by a bank account statement, must be provided to the bank so that it can define the repayment capacity.
  5. Finally, if there are credits in progress , it is imperative to inform the credit organization by means of a supporting document.

 

Other advice and recommendations

credit loans

To help the borrower to properly prepare his works file and compare the different offers, there are free online simulators including the one we offer on each page of our site . It will allow you to get all the details about your credit, including fees.

In the event that the work to be carried out is significant, the use of the services of an architect is advisable. This can, in fact, collect all the quotes from several providers and offer the best choice. He can also harmonize the various sites to avoid any loss of time and money.

It is also recommended to be present on site as often as possible so that you can react immediately in the event of a problem. You must also remain very vigilant when receiving the work and do not hesitate to make reservations.

Immediate and accommodating car loan

Acquiring a car requires setting up a budget proportional to what you are looking for. If it is not obvious to save this sum, today, the offers to obtain a car loan are numerous and more and more attractive. However, nothing prevents you from looking for more attractive and advantageous offers.

Thus, a borrower has the freedom to choose, if he wishes to make his loan with a financial organization, or with an individual. It is in this dynamic that some platforms have emerged. Binary Lender is one of them. Do you want fast and immediate car credit? Call Binary Lender .

 

Fast Rent-EZ : what is it?

car loan

Binary Lender is an online credit platform, which allows you to obtain immediately and quickly, a financing solution to acquire a new or used car.

To this end, it offers you a 2nd and 3rd credit capital lease financing option. Its purpose is to give customers the freedom to choose the car that meets their expectations.

However, on the online credit platform Binary Lender, financing is offered according to the dealer’s offer, although their analysis is based on your ability to settle your loan.

The advantage of this online credit site is based on the perfect mastery that they have rates. This allows them to offer everyone the terms they want. On the other hand, Binary Lender provides protection measures, through security plans, loyalty, total comfort and roadside assistance.

 

What is leasing?

car loan

Leasing or renting with an option to buy is an acquisition which is financed by a credit institution, which will hire the property from the main concerned. Thus, it is possible to obtain a lease for the acquisition of a car and other goods.

Individuals or businesses can use leases to finance the purchase of a car. The advantage of this process is that it allows companies to focus solely on their development, and at the same time acquire movable property, without making personal contributions.

 

How to get a car loan with Binary Lender

car lease

The Binary Lender site is an online platform, which offers immediate credit. To get this loan fast and convenient, it is essential to provide certain information, such as the type of auto loan you are looking for, the amount you need, the duration of the payment, your repayment frequency, and many others. This will allow for a thorough case study in order to find the loan you need.

Regarding the amount of auto credit, it is important to know the amount you need for the realization of your project. But with Binary Lender, you can get personalized credit with a flexible amount.

With Binary Lender, you get, within a limited time, a pre-approval response, and details about your situation. And that’s not all, the platform provides you with a simulator, to allow you to have an idea about your situation. You will also be able to consult many offers, in order to choose the one that suits you best.

Credit repurchase: a new window for recent loans

 

According to the latest observations, the average interest rate is now 2.38%, which opens a new window for grouping credits for recent loans.

Home loans granted at less than 3.5%

Home loans granted at less than 3.5%

Since the start of the year, real estate interest rates have lost several basis points, opening up a new perspective for consolidating recently contracted loans.

For this last quarter of 2014, more than 53% of mortgage loans were granted over a repayment period of more than 20 years compared to 43.7% for the first quarter of 2014.

To date, as part of a credit real estate or mortgage consolidation, banks and institutions of credit offer average rates 2.5% on a loan period 15 years, 2.75 % over 20 years and 3.25 % over 25 years. This confirms that at the end of the year, almost all mortgage loans were taken out at less than 3.5%.

Credit consolidation: should you include your recent loan?

Credit consolidation: should you include your recent loan?

With the current conditions of credit which are characterized by levels of rates of interest historically low, simply follow certain principles to include loans Real recent in a project consolidation credit.

Due to the various costs that a credit consolidation can generate, these principles are assessed on the difference between the initial rate of the current loan and the new rate proposed for redemption, this principle is also assessed over the remaining term of the outstanding credit.

Currently, only a spread of 0.70 basis points, an outstanding amount of more than 300,000 dollars or a repayment duration of more than 20 years may be enough to include a recent loan in a loan consolidation project.

Interesting for mortgage loans (old and recent)

Interesting for mortgage loans (old and recent)

The banking operation is often recommended when taking the credit is in the first third of the repayment of its loan. However, given the historically low rate of interest, it is advisable to include a combination of credit the loans taken out several years ago.

Loans recent, that is to say, those made from 2012 to rates of between 4% and 5% over 20 years and more, can also be a combination of credit property.

Whatever the age of a credit real estate (old or new), the current situation of the market of credit enables a project mortgage consolidation.