You are chronically ill and are looking for a home loan. At Cream Finance there is no obligation to take out a debt balance insurance. This therefore offers possibilities if you want to buy a property or refinance your existing mortgage loan.
The chronically ill do not get a chance to get a home loan everywhere
Tying with home loan is prohibited in Belgium. However, not all traditional bankers provide mortgage loans without taking out a credit balance insurance policy with them. They usually do this in the form of a bundled sale. You get a better rate for the mortgage loan, but on the condition that you take out a (more expensive) debt balance insurance.
In chronically ill persons such as patients suffering from diabetes, cancer or having problems with the heart and blood vessels, a premium for a balance insurance can rise even further until it becomes almost unaffordable.
This means that chronically ill people often seize next to a home loan.
No obligation to take out credit balance insurance with home loan with Cream Finance
At Cream Finance there is no obligation to take out a credit balance insurance with a home loan.
As a customer you are completely free in this. There is normally no obligation and you are also completely free to choose the insurer. Your mortgage broker will inform you about this.
Of course you would do well to make the consideration of taking out a balance insurance policy. If only to avoid financial misery for your partner if you die.
Fair opportunity for the chronically ill to buy a home or refinance existing mortgage loans
Because Cream Finance does not normally require an obligation to take out a debt balance insurance, you as a chronically ill person get a fair chance. We do not consider you a kind of pariah. You can therefore buy a home, refinance an existing mortgage loan or receive a lower monthly payment for your loans and loans.
What can you do as a chronically ill person if the premium for the balance insurance is too high?
Every debt balance insurer has its own acceptance policy and premium setting. If your debt balance insurance is refused or you have to pay a premium that is 75% higher than the normal basic premium, then you can go to the Follow-up Office for charging the debt balance insurance. This is a government institution that checks whether the increased premium is justified.
Be careful when starting a procedure. It must be a refusal or an increased premium for a debt balance insurance that relates to a mortgage loan for the sole and owner-occupied home.
Make an appointment with a mortgage broker
Are you chronically ill and you get no chance elsewhere, then make an appointment today with a mortgage broker. He knows the acceptance criteria for a home loan at Cream Finance and can guide you further. So don’t wait and take your chance!