How to change your mortgage loan to another bank

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Before deciding on a financial option, compare the interest rates and the insurance payment you will make each month.


The dream of owning a home is often not achieved just by handing over the keys to the property. The goal now is to pay off the mortgage as soon as possible at the lowest possible cost.
The Consumer Code allows selling a mortgage debt to another bank without the process requiring the payment of commissions, says Juan Carlos qatar number screening Ocampo, director of the mundonegocio.pe website .
FIRST STEP The expert maintains that the first thing, before deciding on an option, is to compare the interest rates and the insurance that will be paid.
Ocampo says there are two options: life-saving insurance, so that the spouse does not inherit the debts in the event that the credit holder dies, and insurance against eventualities such as fires or earthquakes that could destroy the property.
KEY POINTS If you have already decided to look for the bank that offers you the best conditions, take the following into account:
(1) Must have a healthy rating in the financial system.
(2) Consider transferring your savings and CTS accounts to the bank that could buy your debt.
(3) Your mortgage and credit card debt payments should not exceed 30% of your monthly income.
(4) If you are an employee, it would help if the company where you work also has a good credit rating.
(5) The bank will evaluate the spousal income. Therefore, both parties must have a good credit history.
(6) If you are self-employed, your credit card, vehicle loan, savings in term deposits and savings and CTS records will be reviewed.