Santa Clarita Living » Mortgages

Reviews of Italian mortgages on Bank Loans

admin — Fri, 27 Mar 2009 17:37:26 +0000

To apply for the loan that best meets your needs and your monthly income, you may want to spend some time on this site: Bank loans.

Here you will find all the financing provided by banks, by banks and major stock brokerage assets.
The loans are divided by category: fixed rate, floating rate, mixed, 100% mortgages to young couples, first home, second home, for self and business.
Written in a simple way, the site presents descriptions, characteristics and advantages of each financing with a further deepening of links to official sites.
There are also sections devoted to loans, current accounts and credit cards.

Mutual aid from the fund for those in rented

admin — Mon, 05 Jan 2009 08:23:42 +0000

It seems the tables are changing; perhaps even merit the Euribor falling, the fund of funds for variable rate loans, will be devoted to people who pay rent.

In this period were lots of simulations, but only after Christmas will take the decisions on who will return to these facilities.

Course includes social card holders by extending the category but also to those who have an income below 15,000 Euros or more children or elderly dependents.

However there were still no precise figures that give security, the next few days there should be new.
It hides a bitter toad for holders of fixed-rate mortgage, it seems almost certain that they will not be included to introduce remedial relief for borrowers with this type of rate.

I am rather puzzled by the lack of consideration towards this category of borrowers; even if they have a fixed rate does not avoid the crisis of this period.

I hope the measure will be amended to also include in their aid.

The mutual benefits IRPEF

admin — Thu, 13 Nov 2008 17:09:34 +0000

In site-loans-mortgage insurance, I found an interesting article on the national tax.
I tried to enter the news in a more simple as possible.
If you buy a house you pay the interest on the loan can be deducted from IRPEF the extent of 19% on up to 4000 euro (since 2009), provided that the property is intended for primary dwelling within 12 months after purchase.
The deduction is valid if the purchase was made 12 months or 12 months before or after the conclusion of the contract of loan with the bank.

In the event that the property purchased is occupied by tenants, to take advantage of the deduction, you must advise within 3 months after the tenant to leave the house (through eviction notice or notice of license) and within the same year in which the house is free can be assigned as the main dwelling.

If the property purchased is to be restored, you can deduct interest only if the principal passes to the new house within two years after purchase (so you have about two years to renovate the house, so as to reside).
If however you have to start from scratch and completely build your home in this case, the amount deductible down to Euro 2582, but the deduction is available only to finance the construction of the main dwelling and in terms of 6 months before or 18 after the start of construction.

Opinion of the feasibility of mutual

admin — Wed, 22 Oct 2008 17:01:11 +0000

This post will explain what the opinion of feasibility is.
It is the first step to overcome in order to get a loan disbursed by the bank.
To express a positive view of the credit institution shall treat three basic points:

The income must be proven by the statement of income
the real value of the purchase by
guarantees over the mortgage (such as external guarantors)

If these parameters have the opinion of the feasibility of the loan will be good and access to the second level where the documents are required.
In this phase the parameters are checked for the one who wants the loan and the many among the most important controls is the ability to cover the installment with its own income.
Executing the relationship between the two values (installment / mortgage * 100), will get a percentage that indicates how much affect the monthly payment of the mortgage on our earnings.
The maximum value that the bank accepts is around 30% -35%.
If you exceed this value may be the difficulties of various kinds: the outcome of bad loan, the request for additional collateral or a reduction of the loan.

ING proposes mutual tied to the cost of money

admin — Sun, 12 Oct 2008 16:29:47 +0000

Ing has created a new product for those who need to purchase a home.
The loan will be linked to changes of no more Euribor, but at the cost of money dictated by the ECB.

Since 1 January with the new legislation Tremonti all banks will have to adapt and create a product that is based on this rate.

Unfortunately for the banks, the risk is greater and consequently the spread salt.

This is the case of Poste Italiane and on mutual bce apply a spread equal to 2.25%, compared with 1 .25% of loans linked to euribor. The same fate with Intesa-Sanpaolo, which revealed a spread of 2.15% on loan bce, against an average spread of 1.5% on loan euribor.

As often happens, the situation does not change much.
Also finished this period of low interest rates, the cost of borrowing will start the ascent.
So where is the convenience?
The rate stability.
While the Euribor interest is quite volatile, which has rapid ups and downs, the ECB rate is more balanced.
We choose the rate to go by.