Santa Clarita Living

Banca Monte Parma and loans “flexible”

by admin on 17/03/09 at 12:28 pm

This year’s Euribor reached historical peaks and has discouraged many people from buying a new home.
Banca Monte Parma thought to encourage the opening of a mortgage with a new product.
The flexible loans.
This kind of loan is characterized by a degree of flexibility granted by the bank to the customer.
Banco Monte Parma fact requires that the customer may have periods of crises, of varying severity.
Perceiving the period now before us has added three options to the obligor.

• Skipping rata for those who after a year of signing the contract, with regular payments always have problems with payments and want to skip this installment. You can use this clause for a maximum of 5 times, each annually, following a request by registered letter 10 days before the usual deadline.
• Exchange rate that allows you to switch from a fixed rate to a variable or vice versa, but your chance well, because you can do this only once for the duration of the loan.
• Reduction of the installment and then extending the contract period. As in the previous clause is an option to play only once.

Overall the package is not male. Abbinato also to a lowering of rates for this period may be a good opportunity to open a fixed rate loan with these options.