A credit buyback broker to get the best credit buyback possible

A broker is a person in charge of connecting one (or more) client (s) with a bank (or a financial institution). The credit buyback broker is specialized. He works with banks specializing in credit redemption.

Why ask for help from a broker?

Why ask for help from a broker?

He will take charge of building up your credit union file by listing all your personal loans and debts in a comprehensive manner. The credit broker will then apply for a loan from the various banks specialized in the sector of loan buyback. Your steps are thus simplified. You have one contact who deals with your credit application.
We are familiar with the criteria of the banks in question and their limits for granting credit redemptions.

Can a broker claim a fee?

Can a broker claim a fee?

No. No payment of any kind whatsoever may be required of an individual before obtaining one or more loans of money. The law is very clear in this area, you should not pay anything to your credit redemption broker before setting up the loan.
When the loan buyback is financed, at that time, the broker’s mandate included in the financing is paid to the broker directly by the bank (or by the notary if the credit consolidation is mortgage). Flee brokers who charge you a fee before the loan is put in place.

A broker can suggest what types of credit?

A broker can suggest what types of credit?

A mortgage purchase will only be offered if it is not possible to consolidate your consumer credit over a maximum period of 15 years. We then envisage 2 cases:
– keep the current mortgage and offer a loan buyback with a 2nd rank mortgage
– take back all the credits conso, loans including the mortgage with a first rank mortgage
After several credit simulations, we offer you the most economical solution for you and the one that substantially reduces your debt.
The repurchase of credit without mortgage is possible on a maximum duration of 12 years for the tenants (or hosted) and 15 years for the owners (or buyers).

You can fill out an online credit redemption request, your broker newpret.com is there to take care of your file for free and in all confidentiality.

Do I always have to take out a forward loan?

You will also need to take out a forward loan if interest rates have dropped in the meantime. With the signing of the loan certificate you enter into a binding contract, so you are obliged to accept the forward loan. You only have the right to cancel the contract free of charge in the first fourteen days after taking out the forward loan.

If the interest rate has dropped before the loan is drawn down and you no longer want to use the forward loan, you can still withdraw from the loan agreement in most cases. However, the bank will then demand compensation, the so-called non-acceptance compensation. This serves as compensation for the costs incurred by the bank for the provision of the forward loan. In general, the non-acceptance fee corresponds to the prepayment penalty for a current loan.

The compensation amount is also calculated using the same principle

The compensation amount is also calculated using the same principle

Our tip: Before you decide on a forward loan, find out about the development of market interest rates. With our interest rate forecast you can see in which direction the trend for building rates is going. The current yield on Pfandbriefe at the Deutsche Bundesbank is also a reliable indicator: if it rises, it can be assumed that mortgage rates will also rise in the next twelve months.

It is best to monitor this development over several months to obtain a reliable result

It is best to monitor this development over several months to obtain a reliable result

Don’t forget to include your personal circumstances in the decision. If your current situation is stable, a forward loan can be the right decision. If, on the other hand, there is a move or a separation from your spouse in the near future and you have to sell your property at short notice, the forward credit can become a problem. Because the ongoing mortgage lending has not yet been paid off, but the forward loan has already been taken out, you have to pay both a prepayment penalty and a non-acceptance fee to the bank.

Our on-site consultants will be happy to give you helpful tips for the forward loan and will be happy to help you decide for or against a forward loan.