Advantage of the still good rates for buying back credits
The new resolutions for 2017 are that the borrowing rates will go up gradually. It’s still time to take advantage of the still good rates for buying back credits, but better not to wait too long because things can change quickly. The Ministry of Finance, has agreed a decrease of 20% which takes office in the days to come. This drop will affect more than 4 million people and will raise the level of the middle classes by generating a saving of about 200 euros per file.We must take advantage of lower borrowing rates to reduce costs and for this, as of 2016 many people facing economic problems have turned to the buyback credit knowing the advantageous conditions that it gave them.
Repurchase of credit as on that of the conventional loan
It turns out in 2015 the groupings of loans have been boosted by very attractive interest rate levels. It is clear that in 2013 a large number of individuals looking for loans were able to make outstanding at attractive rates.
This year, many real estate companies have generated a significant demand for loan consolidation to optimize their economic conditions and thereby take advantage of the best financing offers on the market. In the current context the year 2017 should not bring significant movements on the market of the repurchase of credit as on that of the conventional loan.
General conditions of the lending institutions and the banks
The general conditions of the lending institutions and the banks will make sure that the rates will go up, that’s why we have to take advantage of the current rates which are still preferential, we do not know what tomorrow will be The Bank has reassured the main stakeholders, that its key rates will not be seen on the rise, but even so, we must remember that the rates of the ECB do not determine those banks and other financial institutions.
Be that as it may, the credit union will still benefit from these economic benefits as the majority of credit holders will financially benefit from the borrowing conditions in effect.