Q: I have several outstanding loans. Can you simplify my situation?

Yes , we recommend that you consolidate all your loans so that you only have one outstanding loan and one monthly payment. Our advisors will offer you an interest rate that will make your new monthly payment less than the sum of your current monthly payments.

Question 1

Do I have to come to your offices to apply for credit?

adeline · Accepted Answer

The vast majority of credit requests are made by telephone. However, when your request is accepted, you will need to make an appointment with one of our advisors who will examine your supporting documents and give you the credit contract for signature.

Question 2

What are the costs associated with mortgage credit?

adeline · Accepted Answer

Granting a loan/mortgage credit generates various costs:

Registration fees which is a tax.
Credit opening. This is a tax paid to the State by the Notary when registering the deed for the conservation of mortgages.
Notary fees (rates are set by law).
Real estate expertise (varies depending on the credit organization).
Bank application fees (vary depending on the credit organization and the capital borrowed).
Miscellaneous costs (search costs, stamps, etc.).
These fees vary depending on the amount of your loan.

Question 3

My co-borrower has just passed away. What are the consequences for my current loan?

A H · Accepted Answer

The credit continues and must be supported by the living borrower. The borrower must contact us and provide us with the death certificate. If the borrower had death insurance, then the insurance will cover all or part of the insured loan. If there is no death insurance, then the living borrower must bear the cost of the loan alone.

Question 4

What documents do I need to apply for credit?

nathalie · Accepted Answer

The identity card of each borrower in order of validity or a valid passport. If the borrower is a foreigner but resides in Belgium or Luxembourg, he/she will have to present a Luxembourg resident card or a Belgian residence card. The last 3 original salary slips of each borrower as well as the last 3 bank statements proving the collection of your salary on your bank account.

Question 5

Is it possible to take out a mortgage loan to buy a property abroad?

Remy · Accepted Answer

Yes, but on the condition that the bank can take out a mortgage on real estate located in Belgium or Luxembourg.

Question 6

How long is the mortgage loan?

Accepted Answer

The duration of the credit can be spread over a period of 10 to 30 years depending on the age of the borrower(s) and the amount of the loan.

Over this duration, two cycles can be distinguished:

the “depreciation(s) of capital” i.e. repayment of capital to the credit provider. In a word, the repayment of the amount lent to you.
the “interest” that must be paid by the borrower.
It is always in your interest to repay the capital as quickly as possible and therefore to favor a fixed rate mortgage loan/credit for the shortest possible duration.

For what ? Because the more capital you repay, the less interest you will have paid upon closing the loan/mortgage credit contract.

Question 7

What is an authentic act?

Remy · Accepted Answer

This is an act generally drawn up by a notary or in certain cases a bailiff.

An authentic act is enforceable against third parties, that is to say that third parties or people who are not parties to the agreement cannot question the existence of the act.

To take out a loan/mortgage credit, you must necessarily go before a notary because the deed of sale and the loan/mortgage credit contract are notarial acts.

Question 8

I have several outstanding loans. Can you simplify my situation?

nathalie · Accepted Answer

Yes, we recommend that you consolidate all your loans so that you only have one outstanding loan and one monthly payment. Our advisors will offer you an interest rate that will make your new monthly payment less than the sum of your current monthly payments.

Do I have to come to your offices to apply for credit?

Do I have to come to your offices to apply for credit?

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