Service and helping loved ones in need are certainly gestures filled with nobility. However, co-signing loan is to favor requires a great deal of discernment and vigilance. The purpose of the co-signer If a financial institution requires a co-signer from a borrower, it is because there is doubt about his ability to pay or because […]
Loan insurance: what are the essential guarantees?
Loan insurance is as important as the mortgage to which it is attached. Among all the guarantees offered, some are essential and others optional. Death and disability insurance, the minimum required Loan insurance is not compulsory to obtain a mortgage. But in reality, the banks strongly demand it. Because if mortgage guarantee or surety can […]
Renegotiating your mortgage loan after 60 years.
What is the purpose of renegotiating a mortgage? Loan renegotiation simply involves renegotiating the terms of the original contract to lower the overall cost of financing. It is open to everyone, including retired seniors, even if it is sometimes refused by the bank that holds the debt. Often, it is the interest rate that crystallizes […]