Crédit Populaire Européen has decided to entrust the creation of its new website. The website address www.cpe-credit.com is unchanged but the website will present new functionalities which will prove very useful for the Internet user wishing to submit an application for a personal loan and mortgage credit or for the Internet user simply looking for up-to-date and in-depth information in the field of credit. The new website will be online from June 15.

The new Crédit populaire Européen website will present several innovative assets.

The first asset will certainly be our new credit simulator which will allow you to know the cost of your credit down to the euro. You will thus be able to choose between the duration of your contract or the amount of your monthly payment according to your contributory capacities: a significant gain in transparency.

A new attraction will also be the relevance of its content: the website will deal with current information relating to the field of credit, the economy, finance and taxation. This information will be accurate and updated frequently. As such, the website aims to be a reliable source of recent information in the field of credit in the broad sense.

The website is also based on a close link between the daily projects that concern you and the area of credit. Thus, you will find on the Crédit Populaire Européen website a myriad of useful tips and advice in various areas such as: how to buy a house, a car, a campervan; but also tips for preparing for your wedding or the arrival of your first child, or also your future vacations. You will also find in-depth advice for looking for a job, managing your budget, investing your savings according to your profile. Considering all these life projects, the website will direct you to the credit solutions that suit you.
The new website will present to you in a practical and detailed manner all of our fars products which are express credit, installment loan, mortgage credit, repurchase and credit consolidation… You will also find information on more specific and technical such as social credits or energy credits.

Another innovation, the Crédit Populaire Européen website is putting a new credit information service online where Internet users can find very comprehensive information on the world of credit, such as all the legal texts relating to credit. or even specific advice for debtors in difficulty or debtors on file, a relevant glossary allowing you to understand specific credit terminology, information on the role of the National Bank of Belgium, etc.

Enfin, le site internet investit considérablement dans l’interactivité avec ses clients et avec les internautes désireux d’échanger des informations dans le domaine du crédit. You will find on the site a forum entirely dedicated to specific credit questions, the possibility of subscribing to our newsletter which will be sent to you at least once a month, a news section where the Internet user will find information in the areas of credit, finance, law and taxation. Finally, you will have the opportunity to discover our explanatory videos and also to submit your credit request online to guarantee even faster processing of your credit request.

CPE grants credits to foreigners residing in Belgium and Luxembourg.

Mortgage rates are starting to rise again after several years of declines. Although this increase is still focused on long-term loans and is quite small, it may be the most opportune time to renegotiate your mortgage rate before it’s too late. Renegotiate your mortgage.

However, it is important to shop around to have several offers to compare. You should not only base your choice on the attractive rate offered by a credit organization, but also take into account the additional fees related to this new credit and the repayment of the old one.

The benefits of renegotiating your loan

Several advantages can be gained from renegotiating the mortgage loan. The first is to seek a more favorable interest rate, taking advantage of the currently low levels of rates. This option allows you to reduce future monthly payments. It is also an opportunity to shorten the loan term if the repayment capacity or the reductions obtained allow it. Beware, obtaining the lowest interest rate does not always mean that you are winning in the transaction.

Indeed, various additional fees are to be expected when you take out a mortgage to repay another one. This includes the prepayment penalty to be paid to the lending bank, which generally equals three months of interest, calculated on the total remaining capital.

You must also bear the costs of releasing the old mortgage, and even the closing fees for some institutions. Furthermore, there are also application and appraisal fees to be expected if you take out a mortgage with another bank, in addition to the costs of the new mortgage deed.

Why renegotiate your mortgage now?

Mortgage interest rates in Belgium remain historically quite low. Despite an increase recorded since July 2013. This increase in rates is slow and mainly affects long-term loans. Therefore, it seems that 2013 is a good year to renegotiate mortgages. Especially short-term loans, for less than 25 to 30 years, to take advantage of this still low rate.

How to renegotiate a mortgage?

The mortgage can be renegotiated, either with the bank that granted the loan, or with other credit organizations. Before any decision, it is more advisable to gather as many offers as possible from the sector’s players.

You can then contact your banker to ask them to lower your rate. This negotiation can be tough, as the bank loses money if it agrees to reduce its rate. On the other hand, it risks losing you as a client if you are not satisfied. According to specialists, a 1% difference between the current rate and the new rate is necessary to come out ahead.

It is rare for banks to agree to such a percentage reduction. The best compromise would be, in this case, for the bank to offer the subscription of a new loan without having to lift the old mortgage. Or the repayment of the old loan without requiring the payment of a prepayment penalty.

You can also look at the offers from competing banks and other credit organizations. However, be careful, as these institutions may present lower rates but require, in return, the subscription of other products. This mainly includes fire insurance, outstanding balance insurance, salary domiciliation, or various financial products.

You must, therefore, calculate what you will gain with the new bank. And the inherent costs of redeeming your mortgage to know which solution is the most advantageous.