To replace the Good Finance credit with a commercial bank, a financial market analysis must be performed. Know which of the banks offers a lower rate than the one currently held with Good Finance. Can the substitution be made? Of course! It is done with the objective of obtaining better benefits.
Financial squeeze you have for the monthly payment of such high fees
It is time to react to this financial squeeze you have for the monthly payment of such high fees. If it is possible that the average Good Finance rate of 11% average, lower a few points, is an advance. To achieve this, it is necessary to look in some banks that offer mortgage credit rates between 8% and 9%. And in Mexico at this time it is possible.
Procedure to replace the Good Finance credit with one of banking
- It is recommended before, go to a mortgage advisor, since you can take care of the entire process. But if you want to do the paperwork personally, the first thing is to look for the bank that offers the best trading conditions .
- When finding the best option, documentation must be submitted for the credit study. Approval authorization is subject to income and credit history.
- Because it is a mortgage loan approval, the property is appraised by the bank for backup as collateral. Parallel to this must be done with the notary chosen the cancellation of mortgages with Good Finance.
- With the notary you must additionally, verify that the property has no lien, property tax debts and others.
- After canceling the credit with Good Finance, and check that the balance is in zeros. You must obtain the “ notice of suspension of discount ”, to present it in human resources of the entity. This in order to avoid further payments to Good Finance and be directed to the new mortgage loan.
Expenses for replacing the Good Finance credit
To be able to make the substitution or exchange, expenses must be paid like any mortgage loan application. The expenses are as follows:
- Commission for the new mortgage loan
- Appraisal of the property
- Notarial charges
- Taxes to register the property
- Life insurance and others
- Cancellation before the Land Registry of the Good Finance lien
Among the new benefits offered by the bank, there is a small loan with the same mortgage rate. This, to cancel all expenses. And Good Finance support , so that payments by employer contributions are now made directly to the capital of the new credit.