Are you a homeowner, do you have a mortgage and other loans or financings that weigh heavily on your budget, and you want to reduce your monthly payments?
With a credit reorganization for homeowners. It is possible to reorganize all of your loans with or without taking over your mortgage credit, and to add a sum to cover work and your liquidity needs. This operation requires a notarial act. All the costs linked to the recovery of your credits are incorporated in the new credit.
I am an owner, how much can I get with a credit reorganization?
The maximum amount that can be granted to you will be determined based on the value of the building (s) put as collateral, estimated by an expert approved by the credit company, but also on your repayment capacity.
It is also possible to take back only your other credits and your liquidity needs in the form of a long-term credit with mortgage, without the repossession of your home loan and over a period of 20 years maximum.
I am on file at Cream Bank, can I obtain a reorganization or a loan buy-back?
The centralization of debts with current filing is possible, but any current filing is an aggravating element. It will always be necessary to demonstrate that centralization is to the advantage of the borrower and that a normal repayment is expected. The new monthly payments will have to be lower than the total of the monthly payments of the credits to be refunded (except exception, after a thorough study), and the balance to live will have to be sufficient.
Centralization of debts is not possible for persons subject to collective debt settlement / debt mediation (except in certain cases, to be analyzed on a case-by-case basis, with the agreement of the mediator and / or the competent court) or involved in a spiral of credits.
How are outstanding loans and litigation reimbursed?
In the context of a credit requiring a notarial act, all reimbursements are made by the notary on the day of the act.
How to submit a credit consolidation request?
For your convenience and a quick decision, use the request form by clicking on the link below.
I am a tenant, I wish to acquire a building, but I already have several loans in progress?
In this case, you must continue to repay existing loans or reorganize them to reduce the monthly payment. It is not possible to incorporate these different credits with the housing loan.