Reunification of loans and debts
 The loans reunification consists of a service granted by financial professionals where they help us to organize our financial life so that we could be ordained better as for the payments of loans, credits and other monetary requests. 63 % of the families that possess mortgages, chooses to hire this service of reunification of loans to be able to reunify this way all his debts. If we speak about the loans reunification, we cannot avoid to mention that most of the companies of financial intermediation usually take as a star to the services of reunification of loans like also the debt postponement for those clients who are in difficulty.
Many of the quotas of loans that the people need to pay come from credits extracted for buying a car, or for paying the familiar holidays to him, and the form of the reunification of loans is that all these quotas of requested loans are reunified in a mortgage loan, this way a lower interest will be paid but during a lot of more time.
The requisite that is needed to be able to realize a loans reunification is to be a sleep of some property, without importing that the same one is mortgaged. This reunification consists of renegotiating the mortgage that it possesses at present on the property to be able to pay the rest of the debts. At the moment when other debts by loan are cancelled and bearing in mind that the interest of the mortgages is greatly under that it is of the personal loans, an important saving takes place as for the interests and it is from here on where the debt begins to diminish. In this aspect it will pass of paying many monthly quotas, to pay the only monthly quota.
Advantages of the reunification of loans
The advantage that the client receives this one in which the financial institutions possess a wide variety as for the options of the bundles that they have compared to the banks that do not offer any service of reunification of loans.  Other one of the characteristics that possesses this debt refinancing form, is that, to the power to take a loans topology mortgage, the new loan in which the debts were reunified, is granted in a much longer term and with lower interests. The final indebtedness that the client possesses also will be major, since not only he must cancel the debts, but also he must pay for the expenses of the new financial operation, but this is facilitated since instead of being costly quotas in a short term, the quotas are cheaper and hence easier to pay monthly. The loans reunification owes his success to which most of the companies that work with her make use of the current prices of the mortgages that give a margin of change of personal credits to 8 %, or the immediate credits that generate interests bigger than 20 %.
In the operations of reunification of loans, the companies that intervene make sure that they will only receive his commission of 3 % of the amount, in case the client is interested in the mortgage that they are offering him, and only if it makes effective this operation of reunification of loans. Also it is important to bear in mind that by means of the intervention of these companies, the client is going to hire this service with a traditional financial institution. Like it always happens on the financial market, there are great the companies that receive interest really ludicrous and excessive, since unfortunately this type of companies is not regulated by any type of banking institution, therefore it is very common, to come across with two or three companies between ten, which make the reputation of the financial market dirty.
Since we can see, resort to the loans reunification can turn out to be a very guessed right measurement, especially if there are great the debts that we have contracted during the years. It is necessary to take advice very well since, although it turns out to be a very suitable method, there are not great the company financiers who work with the loans reunification, therefore it is a little complicated to find someone that has saying available service. All forms it is never good to come to this extreme end where we need that a foreign entity does not organize our financial life. He is a very cautious necessary being when it is a question of money, and much more when it is a question of borrowing money since the people are great unconscious that starts to extract credits and loans that later they cannot pay, having to face all the problems that this brings. For it, before coming to this end, we recommend to him to support a suitable planning of all his finance to avoid this type of problems. |
