Borrow money to renovate: save energy and money

Did you know that you can easily save money?

Did you know that you can easily save money?

By sealing cracks and joints in your house with windbreak strips, for example, you can quickly earn $ 25 a year. By taking two minutes less shower, you will earn $ 40 per person per year. Replacing incandescent lamps with energy efficient lamps saves around 60 dollars. By lowering the stove by one degree, you can even earn $ 80 a year. You don’t have to do or leave a lot for this, but on an annual basis, you have a good amount left. You can also make it bigger!

If you want to save more than a few dozen, it’s worth investing in your home. If you make your home more energy efficient, you will see it directly on your energy bill. An average family spends around 200 dollars per month on gas, water and electricity. Insulating the ground floor allows this family to save around $ 160 per year. Replacing simple glazing with energy-efficient glazing saves even more. This allows to obtain up to 250 $ per year. Read our tips for saving money sustainably.

Renovate your home

Renovate your home

Of course, it costs money to renovate your home. But investing in your home pays off, if only for the value of your home. You do not have the (total) amount available for the renovation? So borrowing money can be a good option. If the savings on your energy bill are greater than the monthly loan amount, your investment will immediately earn you money on a monthly basis!

A home improvement loan is usually less expensive than an additional mortgage. This means that you do not have to pay any fees to contract a loan, advice, notary or expertise when you take out a loan. The duration of a loan can also be easily adapted to your loan objective. This means that you are not yet paying off your home insulation loan when you are already ready to move out. If you opt for a personal loan, you will be entitled to a tax benefit. The interest on your personal loan used to renovate your home is tax deductible.

Credit broker Huy, online credit Belgium

Personal credit simulation, credit consolidation

Personal credit simulation, credit consolidation

Choose the amount ($) with the zipper, and then click on “Simulate” Other amounts Simulate

Binary Lender ® is a credit company specializing in online credit. We have been active in Belgium, mainly in Wallonia, in Modave near Huy, in the Province of Liège and in all the other French-speaking provinces of the country such as Namur, Hainaut, Brabant Wallon and Luxembourg since 2001. As a broker in credit, we will make you travel throughout your visit to the world of lending. Credit will no longer hold any secrets for you!

Credit broker at your service

Credit broker at your service

Our advisers are at your disposal to guide you as best as possible in your efforts. We take our work as a credit broker very seriously, your satisfaction is our main priority.

Online Credit Company

Online Credit Company

Our loan experience has allowed us to forge close ties with our partners. To satisfy you, we have rigorously selected the online credit organizations with which we collaborate. Our knowledge of the market allows us to find a solution adapted to most credit requests.

Your file will be treated confidentially and your personal data will not be communicated to any other company except the companies where your online credit request will be sent.

Do not hesitate to contact us in order to obtain more information on our company, you can also carry out various simulations including the personal loan simulation.

Insurance broker

Insurance broker

Binary Lender is not only a credit broker, the company is also active as an insurance broker. We can offer you any property and casualty product such as car insurance, fire insurance, family insurance, hospitalization insurance, car assistance, etc. Contact us for more information.

Real estate loan Belgium

Real estate loan Belgium

Through our pages, you can also find out everything you need to know about mortgage in Belgium. You will find an explanatory page on mortgage credit and a page where you can perform a mortgage credit simulation. If you have any questions about our job as a credit broker, contact us!

 Redeem your credit with a mortgage loan buyout


If you have a mortgage and are considering negotiating it or having better rates, this is the option for you. It is a formula dedicated to the repurchase of mortgage loan.

Mortgage buyback process

Mortgage buyback process

With Finday, you have the option to redeem your loans, especially mortgages. To do this, you must contract a new formula intended to lighten your charges. This is a buyout offer to decrease your repayments. Indeed, too high monthly payments with high rates often pushes you to find yourself in the red. By choosing a mortgage buy-back offer, you will solve all of these problems, including paying only ONE monthly payment and ONE rate.

We will therefore study together the issue of redemption and discuss your interests. We will proceed by an analysis of your financial statement and your means of reimbursement. Then, we will do a thorough study on the possibilities of repurchases of your loans. We will deduce from this whether it is profitable for you to buy back all your credits or whether it is necessary to find another solution. Since a redemption will generate many costs, consolidating all the credits with a single organization prevents you from over-indebtedness. It also allows you to save money. Advice from a broker will help you make the right choice.

Frequently asked questions about buying back a mortgage

Frequently asked questions about buying back a mortgage

  1. When to use a credit buy-back?

    If you are starting to experience difficulties in paying off your receivables, it may be time to think about a loan buyout. This, in order to avoid delicate financial situations and even the filing with the BNB.

    The repurchase or regrouping of the loans can make it possible to reduce the total amount of the monthly charges and this, by authorizing to repay the loan over a longer duration.

  2. What is the response time?

    As soon as we receive information from the borrower and details of the various loans in progress, we can already issue an opinion on the feasibility of the file.

    If it is favorable, we immediately transmit it to the banking organizations with which we work so that they analyze the financial situation of the borrower.

    If all the information provided is correct, the response to the credit request can often be made during the day.

  3. Is the interest rate fixed?

    In the event of repurchase of credit composed only of personal loans, the rate is fixed.

    In the case of a redemption with a mortgage loan and possibly one or more personal loans, the rate can be fixed, semi-fixed or variable. This will depend on the choice of the borrower on the type of rate he wants for his new credit.

  4. Is it necessary to have several credits in progress to be able to carry out a regrouping?

    No, even with a single loan, you can completely request a redemption or a grouping of loans.

  5. Can we buy back a credit union?

    After analyzing the request and if it is possible, it is of course possible to buy back a loan that has already been bought.

  6. What are the conditions for submitting a mortgage loan redemption request?

    At least have a current loan, whether personal or mortgage. And have a financial situation that meets the conditions requested by the banking organizations with which we collaborate.

  7. How do I get the full details of all my loans?

    If you can no longer find your different credit contracts, you can know the details for free via 3 ways:

    • Do you have an EID ID card reader? So take your identity card and your reader and go to the website of the Central Credits for Individuals
    • by going to the BNB branch nearest to you
    • by requesting the consultation of your data by post, accompanied by a double-sided copy of your identity card. 
  8. Do I have to have a current mortgage loan to buy back?

    No, if there is no mortgage to buy back, you can definitely ask for a personal loan redemption. This repurchase is also called credit consolidation.

  9. Who takes care of contacting the banking organizations and closing the credits in progress?

    In the event of repurchase of mortgage loan, it is the notary who will take care of contacting and closing the mortgage in progress thanks to the funds released by the new lender.

    In case of repurchase of personal loan (s), we take care of everything! Among other things, to contact banking organizations and to settle credits.

  10. What is the difference between redemption and credit consolidation?

    There is none, redemption and consolidation both have the same operating principle, that is to say that we buy the loan (s) in progress whether personal or mortgage.

Real estate loan for retirees

Are you retired or approaching retirement age and planning to borrow to buy real estate? Discover the essential information on the mortgage for retirees.

Apply for a home loan when you are retired

Apply for a home loan when you are retired

If it was previously complicated to be granted a loan while you are retired, it is now rarer for retirees or people over 60 to access the mortgage, with long-term financing term. Banking establishments are in fact less reluctant to lend money to seniors because of their quality of life, the financial wealth they have, as well as the increase in life expectancy.

With regard to shorter repayment credits, consumer loan organizations agree to lend to retired people because only small amounts are involved. You should also know that retirees want reassuring loan applicants for banks and financial organizations because they have a certain stability, both in terms of finance and life. They are not exposed to the risk of unemployment and dismissal (logical since they no longer work) and generally have real estate and movable assets. However, this does not mean that getting a real estate loan for retirees is easy!

When simulating a home loan, the retiree should know that the bank will look at his age at the end of the term. And it is rather rare that the repayment of a mortgage does not exceed an age of 80 or 85 years, knowing that a mortgage has a duration spanning an average of 15 years. Young retirees want to be the best candidates for long-term loans.

Apply for loan insurance

Apply for loan insurance

What creates the difference between two people applying for a real estate loan for retirees is their state of health, and consequently the cost of mortgage borrower insurance can be as high as the cost of the loan itself. And the more risky the state of health of the borrower, the higher the amount of the premiums.

You should know that the amount of borrower insurance is calculated from the health questionnaire that you complete when you apply for death insurance to guarantee the mortgage for retirees. It is recommended not to hide anything: the medical advisers conscientiously study each file and, in the event of erroneous declaration, you risk losing everything benefits from the insurance.

For an elderly person whose health comes to pose problems but who wishes to borrow, there are certain solutions, under the condition of having an inheritance: the mortgage life loan and the guaranteed mortgage loan.

The mortgage life loan provides access to the bank loan. The sum is lent in the form of an annuity or principal, and the guarantee put in place is a mortgage on real estate.

The guaranteed mortgage loan allows a loan in the form of capital or annuity. The loan cannot exceed 70% of the value of the property placed on the mortgage and can be repaid in monthly installments. It is covered by a double guarantee: the mortgage and the deposit.

You can therefore look for the retirement home loan that suits you best and thus access the loan to make your real estate project a reality. Do not hesitate to contact a broker to get help and to benefit from the best borrowing conditions.