Frequently our users ask us for information regarding the purchase of mortgage debt for Home loans. In this article I proceed to clarify the most common doubts that arise in that case.
1.- Can I make a purchase of mortgage debt for Home loans?
If you can, there is no impediment to make a debit purchase, if one exists, it would imply that you could not exercise one of your rights.
The laws and regulations in force establish that Peruvian citizens have the right to change their mortgages. And the purchase of mortgage debt implies just a mortgage swap, so not allowing this operation would be a violation of the aforementioned right.
2.- Do I lose the Home bond in the purchase of mortgage debt?
That you lose or keep the bonus from the Home fund will depend on the conditions under which you received the credit.
If your credit was granted before October 2015, it contains a penalty clause, which implies the loss of the advance payment bonus. And as in the purchase of debt the prepayment of the original debt occurs, this implies that you will lose part of it if you go to this option.
For the loans granted since October 2015 there is no such penalty, so the loss of the respective bonus does not occur.
3.- Do I have to pay the notarial and registration expenses again?
In principle if you have to pay it, unless the institution that buys the debt has some promotion that frees you from those expenses.
Some users ask us what is the reason why registration and notarial operations are required again. This is that in the purchase of debt, the mortgage changes to the name of another institution, so it is necessary to replace the original deeds.
4.- Should I reimburse rebate insurance?
The answer is yes, you must cancel the aforementioned insurance again.
The reason for this is that the original mortgage insurance shows as beneficiary the financial institution that in principle granted you the loan. This forces to discard the previous insurance, and generate a new one where the institution that buys the debt appears as beneficiary.