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Find the analysis of real estate rates of December 2018 by Credit Checker, communication manager at Payday Cash.
Generally the end of the year is a rather quiet period in the mortgage market, but against all odds 3 of our partner banks have lowered their credit rates . The recorded decrease is of the order of 0.05 point and goes up to – 0.20 point according to the durations and the profiles. The rises remain very limited for the moment but could be more important in 2019. The competition between the banks remains very strong the rate increases posted have as yet hardly any impact on the borrowers who have a very beautiful profile. Few changes to be anticipated for the beginning of 2019, especially as growth and inflation seem to be slowing. This slowdown, should it continue, should reduce the potential rate hike announced.
Good news regarding borrower insurance The CCSF Financial Sector Advisory Committee has reached an agreement regarding the termination date for loan insurance taken out with banks. This decision specifies that for all insurance taken out with banks the anniversary date to be used for the insurance change under the Bourquin law would be the date of signature of the loan offer. This measure should be effective at the latest during the second half of 2019. This is the right time to study the possibility of buying your loan insurance in the best conditions.
To help you know if it is interesting or not to make this change and calculate the potential gain to make, I suggest you go to the website of our comparator insurance borrower and make a simulation to find the best guarantees.