Change mortgage loan insurance in the course of repayment

Change credit insurance in the course of loan is possible.

Change credit insurance in the course of loan is possible.

Changing credit insurance can not be done without the agreement of your banker! The borrower has the possibility to cancel annually an individual contract proposed to a lending institution (bank, credit institution) by referring to the general conditions of his borrowing insurance contract. The easiest way is to choose your contract from the outset with the same guarantees as those imposed by the bank.

The provisions of the Congilaw bill deal with new contracts but did not provide for contracts in progress contrary to the Hamon law which provides for a period of one year to be able to change coverage after the signature of offers of credit.

Changing the loan insurance saves up to 70% on the total cost of your guarantee

Changing the loan insurance saves up to 70% on the total cost of your guarantee

Steps to Successful Real Estate Loan Insurance Change Being Repayed

  1. Read the general terms and conditions of the current credit insurance contract
  2. Compare the cost of your insurance with the price offered by our comparator
  3. Define with the lending institution the termination date of the current contract
  4. Contact an advisor to set up the borrower insurance contract
  5. Save several thousand euros with loan insurance change

Mahon Law: You have 1 year to change borrower insurance

Mahon Law: You have 1 year to change borrower insurance

With the Cogilaw Company of 2010, borrowers can choose to carry out a “delegation of insurance”, that is to say to subscribe their credit insurance contract outside the bank, with the organization of their choice. For this outsourced contract to be accepted by the bank, it must present guarantees at least equivalent to those of the group insurance contract it has proposed.

The Hamon law, the law on consumption, reinforces the Congilaw provision by allowing borrowers to change their home loan insurance contract for one year from the date of subscription of the credit. This gives you enough time to put the offers of different insurers in competition with the borrower insurance contract you signed when you signed the loan. This way you can get less expensive insurance and more appropriate cover for your situation.

Get help and support from an expert broker in loan insurance change

Get help and support from an expert broker in loan insurance change

To change the guarantee contract for your current home loan and thus pay a lot cheaper we offer the loan insurance change solution. Follow the steps above, and do not hesitate to contact by email or phone a consultant and ask to change the current loan insurance, in order to benefit from advice and information to change the credit insurance in progress and save up to 70% compared to the current disability insurance (disability, job loss) policy:

  • change credit insurance in progress
  • change mortgage insurance
  • change disability death insurance

Recurring questions from borrowers about the change of insurance

Recurring questions from borrowers about the change of insurance

  • I would like to change insurance for my mortgage because I find it too expensive.
  • Can you help me change insurance loan?
  • Can I cancel my current credit insurance and take another insurance?
  • Is it possible to make a purchase of the insurance of my mortgage?
  • Change the ADI in the course of loan repayment, it is possible?
  • Is it possible in the course of credit to change borrower insurance
  • I wish to change my loan guarantee! is it possible?
  • Can we change credit insurance contracted with the banker?
  • Get a new insurance in the course of your loan!
  • Can I cancel my credit insurance and insure myself elsewhere?
  • I wish to change the credit insurance in repayment of the loan!

 

Affiliation Insurance Loan! Offer your clients the best credit insurance

Submit loan insurance offers 

Submit loan insurance offers 

Submit loan insurance offers to your customers and partners! If you pursue your professional activity in the field of finance or real estate, you can take advantage of powerful tools made available to you by the brokerage firm Assurance De Prêt Pas Cher, a specialist in credit insurance for more than 10 years. You thus broaden your range of products and services dedicated to professionals and individuals. Try now a flexible offer free and perfectly adapted to your activity!

Enjoy a partnership with a recognized brand and put your brand

Enjoy a partnership with a recognized brand and put your brand

You can submit the credit insurance offer of the firm White label: you put your mark.

Simulation, Quote and Comparison of Credit Insurance

If you wish, you can also offer our offer directly. You thus put forward your partnership with a quality brand being recognized in the world of insurance. It is up to you to determine your level of involvement in the contract!

Simple and powerful, the pricing that we offer fits very well in all pages of your site, regardless of its graphic charter. In case you do not want to present our pricing directly to your customers, you can access it on our website by connecting to your interface!

Expand your offer

Expand your offer

Loan Brokers : offer a full range of loans and loan insurance at very competitive rates

General Brokers : complete your product range and earn new customers Comparators: add a new offer in your panel

Asset Managers : Give your customers a way to save thousands of dollars!

Have very attractive rates

Have very attractive rates

  • Great rates for young people: only 0.07%
  • Rates without premium for risky trades: gendarmes, firefighters, airline pilots…
  • Low rates for late loans and bridge loans: from 0.07% to 0.23% regardless of the age of the borrower.
  • Competitive rates for seniors: 0.23% for borrowers aged 45 to 65 years.

Loan Insurance Forms Your Team

Would you like your employees to take training? The firm Insurance Regular Loan regularly offers training its partners directly in its premises: seminars for companies are organized to provide quality training to your team. Find all the information on this subject by visiting the training page of our site.

Further information

Would you like more information about the partnership we offer? Download our partnership brochure and contact us via the form below. Our partnership service will answer you as soon as possible.

 

Study of a mortgage loan

 In deciding whether or not to lend money, banking institutions look at different criteria to minimize their risk. The study of the mortgage loan file is complete and thorough.

The professional situation of borrowers

The professional situation of borrowers

The bank will study the sustainability and the nature of the revenues. Even if a borrower decides to allocate less than 33% of his income for the monthly installment of a mortgage, the lending institutions will look into the professional situation of the latter.

Sustainability of income

Sustainability of income

This is for the bank to ensure that the borrower receives income on a regular basis and that these revenues will be received until the end of the credit for an amount at least equal or higher. If the borrower has seniority in his business, it is also a guarantee of sustainability.

This sustainability of income can be measured by the analysis of salary slips and the latest tax notices.

If incomes are not regular, a monthly average will be made on the income received.

The nature of income

The nature of income

The study of the nature of income is also important. Government-type income can be granted for a defined period of time and unbalance the borrower’s finances at the time of their judgment. Conversely, some regularly collected annuities can be used to calculate the borrower’s income.

The borrower’s income, therefore, does not include only his salary. For example, alimony may be taken into account if it is paid until the end of the loan. The amount of income will therefore also depend on the duration of the mortgage.

Once the stable income has been established, the recurring expenses (loans in progress, pensions paid, etc.) will also be inventoried to know the net resources of the borrower.

Other criteria taken into account by banks when studying a mortgage

Other criteria taken into account by banks when studying a mortgage

Banks are attentive to the entire project and to the household’s overall income, with the aim of minimizing the risk of non-repayment.

The amount of personal contribution and household savings are signs of good financial management for banks. The quality of the project is also taken into account, a purchase price of the property too excessive may make banks reluctant.

 

Loan simulation online with the specialized broker

Why perform a loan simulation?

Why perform a loan simulation?

By performing a loan simulation you will benefit from accurate information about the proposed purchase of your future property. The loan simulation will provide you with a detailed overview of the rates offered by the financial institutions. The value of the rate of a credit being the paramount factor defining the cost of your mortgage.

A loan offer adapted to your budget

A loan offer adapted to your budget

Thanks to the ready simulation, the amount of the personal contribution that you indicate will direct you towards the offers most adapted to your budget. By evaluating your borrowing possibilities according to the loan, the loan simulation will allow you to calculate the amount of the monthly payments, calculate the cost of the loan, or launch a simulation of a zero interest loan.

Calculate your debt ratio to borrow

Calculate your debt ratio to borrow

With the loan simulation, you will know the total amount and duration of your loan. During the mortgage simulation, you will evaluate your borrowing possibilities by indicating the amount of your personal contribution, your monthly income and your expenses. Thus you will know what is your debt capacity and what is the value of housing that you can not exceed during a real estate purchase.

Simulation for specific loans

Simulation for specific loans

About the “plus” zero rate loan, the Loan Simulation will evaluate the amount that can be granted based on certain criteria such as the type of housing and the geographic area in which it is located.

Subscribe to a mortgage

Many of us are those who do not have the financial means necessary for their project of acquisition or construction of housing and must therefore go through the subscription of a real estate credit to have this budget. To take out a mortgage also means you have to take out loan insurance to guarantee it.

Insurance of real estate credit

Linked to any home loan, loan insurance is an effective solution for lending institutions. With the borrower insurance, they have the guarantee that the loan will be repaid: the loan insurance allows the reimbursement of the credit by the insurer in case of death, disability and incapacity of the borrower.. It is therefore also for the borrower the guarantee that the insurer will assume the payment of the remaining deadlines in case of occurrence of situations covered by the contract.

The type of loan insurance contract

There are two types of loan insurance contract: the “group” contract and the individual insurance contract (insurance delegation).

  • The Group Loan Insurance Contract is the formula that is offered by the lending institutions. This is a group insurance that pools risks between borrowers who are customers of the same loan institution.
  • The individual credit insurance contract is an insurance based on the situation and needs of the borrower. It is most often better suited to borrowers and may have a lower fee than a group contract.

In order to reduce the total cost of mortgage, it is recommended to take the time to compare the insurance offers of several insurance companies to opt for the most advantageous contract.

The duration of detention of the property

The duration of detention of the property

It is particularly interesting for first-time buyers to take into account the duration of ownership of the property. Indeed, for first-time buyers, possession of the property often does not exceed 10 years. It is therefore important to find out about insurance premiums for the first years.

The cost of loan insurance

The cost of loan insurance

It usually happens that one goes directly to the cheapest offers without taking into account situations that are not covered by the insurer. Although the guarantees of death, disability or disability are covered by the latter, it may indeed be that this is not the case for certain diseases called “non-objectifiable” (backache, hernia, psychic pathologies…). It is therefore important to be aware of the warranties and exclusions of the insurance contract before subscribing.

Compensation insurance or flat insurance

Compensation insurance or flat insurance

It is important to distinguish between indemnity insurance and lump sum insurance: in the event of loss of employment, indemnity insurance is an income supplement while lump sum insurance is a lump sum allocated by the insurer.

The constitution of the file

Take the time to prepare your insurance file in advance. You do not need to wait until your project is set up to carry out your search for the best insurance offer.

The medical questionnaire

The health declaration that you will make with the insurer may require you to undergo certain medical tests: choose preferably medical centers approved by the insurance company!