RENEGOTIATION OF REAL ESTATE CREDIT
There may be occasional decreases or increases in some banks, at a given time, to meet business objectives. But with the borrowing rates granted to banks, which have high liquidity, there is no reason, with the exception of major events in France or Europe, that rates increase significantly.
The historically low level of interest rates encourages individuals to renegotiate the terms of their existing home loans. The 15-year and 20-year rates, the main indicators of the loan conditions offered on the market, stand at 2.60% and 2.90% respectively.
Renegotiate the beginning of the loan
Better to renegotiate at the beginning of the loan, and more precisely in the first third, that is to say when you repay the maximum interest. If only the capital remains, the operation will not be interesting. Those who borrowed in 2008 and 2009 (the rates then climbed to 5.10%) have a particular interest in renegotiating.
Going through a broker will optimize the financing plan as part of a loan buyback by adapting the loan term to the desired monthly payment. He will negotiate the credit rate, the delegation of insurance , an adapted guarantee, the obtaining of complementary loan, the characteristics of the loan offer (absence of penalties in case of repayment of real estate credit, modulation of the deadlines, the transferability , etc …) and the fees.
True to his strategy, experts negotiates your purchase of credit with “0 € of fees” *:
- Exemption from negotiated handling fees from all our banking partners
- Free Brokerage Fees OFFERED by experts.
Renegotiation of credit immobilier: What is tax implications?
What are the tax implications of such renegotiation with respect to income tax, both for the principal residence and for the dwellings rented for rent?
With regard to the principal residence, it is possible to take into account the interest on the replacement loan for the purposes of the tax credit, up to the limit of that shown in the initial amortization schedule. The possible costs generated by the renegotiation of the credit (expenses of files etc …) can not be taken into account.
In the case of dwellings rented under the “real” tax regime, it is also possible to deduct the interest on the substitute loan within the limits of those present in the initial amortization schedule.
Expense loan fees are also deductible.