What advantages does government loan insurance offer?

What advantages does government loan insurance offer?
Your civil servant status allows you, when contacting a loan, to take advantage of a number of advantages provided for by law.

Thus, the Lagarde law of 2010 allows you to choose an insurer other than the banking institution with which you contact your loan. Thus, you can freely compare the offers of different insurers to adopt the one that suits you.

This also creates a spirit of competition among insurers who will offer better services.
Also, the Hamon law, amended in 2017, allows you to change insurer, provided you give 02 months' notice. In addition, the cost is relatively low, and borrowers benefit from a home equity loan in conjunction with a conventional home loan. This loan is however partial.

In the context of a real estate purchase, it is always essential to have a contribution, a guarantee and a vision in terms of duration. This is to limit the risks associated with such a real estate investment. Of course, determining the key points of your project is a key to borrowing the ideal amount and over an ideal duration.

In other words, it is strongly recommended to carry out a simulation at a loan comparator for civil servants. In this sense, official loan insurance is a real plus for limiting the risks of your investment project.

Some particularities to know for your project
For occupations at risk
Certain professions, very often exposed to dangerous situations, considered by several companies to be at risk, can benefit from official borrower insurance from several others with whom they can negotiate cover contracts, without excluding the various guarantees.

For expatriates
In this case, it is advisable to opt for non-resident insurance. The latter covers you in any outside country.

In this case, however, you only have access to the death and PTIA guarantees.

to adopt the one that suits you.

This also creates a spirit of competition among insurers who will offer better services.
Also, the Hamon law, amended in 2017, allows you to change insurer, provided you give 02 months' notice. In addition, the cost is relatively low, and borrowers benefit from a home equity loan in conjunction with a conventional home loan. This loan is however partial.

In the context of a real estate purchase, it is always essential to have a contribution, a guarantee and a vision in terms of duration. This is to limit the risks associated with such a real estate investment. Of course, determining the key points of your project is a key to borrowing the ideal amount and over an ideal duration.

In other words, it is strongly recommended to carry out a simulation at a loan comparator for civil servants. In this sense, official loan insurance is a real plus for limiting the risks of your investment project. Having mortgage loan insurance is a plus and sometimes these offers are available, as officials, from dedicated banks or dedicated mutuals.

 



Some particularities to know for your project
For occupations at risk
Certain professions, very often exposed to dangerous situations, considered by several companies to be at risk, can benefit from official borrower insurance from several others with whom they can negotiate cover contracts, without excluding the various guarantees.

For expatriates
In this case, it is advisable to opt for non-resident insurance. The latter covers you in any outside country.

In this case, however, you only have access to the death and PTIA guarantees.

Understanding the mortgage insurance rate
Understanding all the contours of an investment is the key to good profitability. In real estate, the credit insurance rate is an important factor that largely influences the income from your investment. It is using this factor that you can calculate the cost of your loan insurance. Understanding the mortgage insurance rate is the key to getting the most value for your investment. Likewise, a good understanding of the latter also makes it possible to make better comparisons in order to choose the insurance suitable for your real estate project.

What is a mortgage insurance rate?
When borrowing money from a bank for your real estate investment, it requires that you take out credit insurance. This insurance covers the risks associated with the payment of monthly installments after death or disability. These guarantees are the most common, but it is also possible to add several other options to your mortgage insurance.