The question is simple: after how long can you get a mortgage buyout? Here is our response.
Credit repurchase: how long on average?
There are no official statistics on the deadlines concerning the progress of a credit consolidation operation. Simply put, we find within banks and intermediaries in banking operations that we can obtain a repurchase of its credits as quickly as 11 days (repurchase of consumer loans without guarantee) and at most after 101 days (repurchase mortgage loan).
The presence of a guarantee is important since it significantly lengthens the time for setting up loan repurchases.
Home loan redemption: after how long then?
We can estimate an average delay of 30 days to obtain a buyout of a mortgage, this delay takes into account:
- The fulfillment of the request by the client
- Consideration of the request by the organization
- The study of the request by the organization
- Sending of supporting documents by the client
- Receipt of supporting documents by the organization
- Sending to a bank or a decision by the organization
- The deadline for consultation on the final decision
- Editing of the loan offer by the organization
- Sending the loan offer to the client
- The signing of the loan offer by the client
- The return of the loan offer to the organization
- The legal reflection period (14 days)
- The period between the reimbursement of former creditors and the release of funds
The more reactive the two parties are on this journey, the shorter the delay. The point that takes the most time is the sending of the necessary supporting documents by the client, if the latter returns all the documents within 2 to 3 days, the funding will be faster.
Online simulation: save time!
Internet saves a lot of time in administrative procedures, in purchases or in the declaration of taxes (for example). It is the same for the repurchase of credits. Online simulation saves time in the process and avoids traveling. You just need to fill in their information and then confirm the entry, you will quickly receive your first estimates by e-mail or post as you choose.