Banks are listening to the market, and they compete fiercely! Some do not hesitate to offer rate discounts on their grids, already very low, to attract the most coveted customers.
Unbeatable: a mortgage rate at 1.30% over 20 years
The Saint was able to obtain for an “ultra-high-end” clientele an exceptionally low rate of 1.30% over 20 years, with, in addition, the subscription of an insurance delegation that is cheaper and with equal guarantees. exemption from prepayment penalties, modulation of the loan at no cost and transferability of the rate on a new acquisition. Add to that, the offer of CREDIXA: 0 € banking fees and 0 € brokerage. Customers benefit from an unbeatable offer! As a reminder, The Saint has been voted the best mortgage broker in the last 3 rankings of a magazine dedicated to consumers (last ranking published in April 2016)!
Beware of the loan transfer!
Know that some banks have just changed the terms and conditions of their loan offer at the beginning of the year and no longer offer the option “transfer loan”. This option consists of transferring the terms of its current loan to a new acquisition without changing banks. This option allows borrowers to maintain the rate, borrower insurance and collateral conditions in the original home loan, regardless of market rates at the time of the new purchase.
If, at the time of the first loan, the rates were particularly low (compared to those practiced), the borrower has every interest in using this option of “loan transfer”. On the other hand, for the borrower who bought at a time when rates were very high, it is better to take advantage of the current situation.
Given the extremely low rates, some banks have decided to remove this “loan transfer” option in order to maintain their margin in the event of rate hikes. Thus, the borrower can not keep his rate if he wants to acquire a new property.