The sale of mortgage portfolio may sound or very confusing or very attractive, it all depends on the side you look at. In reality, it is a strategy that allows you to transfer your mortgage debt from one entity to another.

Believe it or not, the purchase of mortgage portfolio

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But is it worth taking the trouble and time to look for a new entity to move your debt? Believe it or not, the purchase of mortgage portfolio brings benefits that will seek to improve the state of your finances, so it could be more convenient than you think.

You can save:
If a financial institution offers to reduce the interest rate it pays for its credit, savings will be presented, especially if the term that still has to be paid is relatively long.

New bank or financial, you can request a lower fee

New bank or financial, you can request a lower fee

You can have a more comfortable budget:
Another benefit is that, when making a deal with a new bank or financial, you can request a lower fee, which will allow you to continue facing payments without falling into default.

You can access better benefits:
The reduction of interest rates is not the only thing you can access, there are also benefits granted by financial institutions such as credit cards, preferential rates or offers in life insurance, unemployment, etc.

Your current entity may give you an even better offer

Your current entity may give you an even better offer

Even when deciding to change, your current entity may give you an even better offer, so that you reconsider staying with them, which in the end is also of benefit to you. ll depends on the side you look at. In reality, it is a strategy that allows you to transfer your mortgage debt from one entity to another.

However, it is worth noting that not all offers suit you, so take some time to compare the different offers before choosing one.

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