Kreditübertragung

Credit transfer is mainly the transfer of a mortgage from one bank to another, seeking better conditions (lower interest rates, cheaper insurance) to save money. It is a process managed between the customer, the old bank (which settles the debt), and the new bank (which takes over the loan). The process involves notifying the current bank, which has a deadline for sending the data to the new bank, which in turn analyzes and formalizes a new contract. There may be costs that banks sometimes charge, especially for variable-rate loans.