officialr4i.com http://www.officialr4i.com// My WordPress Blog Thu, 27 Feb 2020 01:25:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.3 Social Accession Loan: a loan with APL. http://www.officialr4i.com//social-accession-loan-a-loan-with-apl/ http://www.officialr4i.com//social-accession-loan-a-loan-with-apl/#respond Thu, 27 Feb 2020 01:25:58 +0000 http://www.officialr4i.com/social-accession-loan-a-loan-with-apl/

Depending on the nature of their real estate project, their means test and sometimes their profession, borrowers can claim several types of mortgage. The Social Accession loan, for example, is aimed at households with modest incomes to help them gain access to property, for the acquisition of new or old housing (with or without work), while allowing them to touch the APL. Explanations.

What is the Social Accession loan?

What is the Social Accession loan?

The PAS, or Social Accession loan, is an assisted mortgage. Its objective: to support households wishing to access property, as soon as their income is considered modest and the housing acquired will serve as their main residence. To this end, the PAS allows borrowers to finance their entire purchase transaction, excluding notary fees, with a repayment duration staggered between 5 and 25 years (and up to 35 years in some cases).

In addition, the PAS loan automatically opens the right to the APL (Personalized housing assistance). So the monthly payments are calculated according to the housing aid to which the borrower can claim. And that it is therefore easier to obtain your mortgage if you already touch the APL.

The Social Accession loan can finance three types of real estate operations:

  • An acquisition in the new (including to buy land and build);
  • An acquisition in the old (without work obligation);
  • The financing of energy improvement or renovation works (for a sum greater than $ 4,000).

Benefits of the Social Accession Loan

Benefits of the Social Accession Loan

If the Social Accession loan is attractive, it is because it gives entitlement to several advantages. The first of these is the possibility of receiving APLs during the repayment period of the credit, which makes it possible to add a non-negligible monthly sum to your loan.

The second advantage is lower costs: a PAS loan comes with reduced notary fees and application fees of less than $ 500, whatever the case.

Who can benefit from the PAS loan?

Who can benefit from the PAS loan?

Are concerned by the Social Accession loan French households (or foreigners as soon as they are in possession of a residence permit) wishing to finance the acquisition of a main residence, and benefiting from income below certain ceilings of resources.

On 1 January 2016, the ceilings in question were fixed as follows:

  • In zone A: from $ 37,000 (for one person) to $ 118,400 (for 8 or more people);
  • In zone B: from $ 30,000 to $ 96,000;
  • In zone B2: from $ 27,000 to $ 86,400;
  • In zone C: from $ 24,000 to $ 76,800.

(These ceilings relate to taxable income, after deductions and pensions. The area to be taken into consideration is that of the property that the borrower plans to buy.)

Finally, there is also a low ceiling. Indeed: the income declared must not be less than 1/9 th of the total cost of the credit at the time of the Social Accession loan request. Thus, to obtain the sum of $ 200,000, you must have declared at least $ 22,222.

Note that only banks and lending institutions that have signed an agreement with the State are authorized to offer a PAS.

Loan without contribution

Loan without contribution

The Accession Sociale loan can finance the entire real estate transaction and up to 110% of the necessary sum, in the event that the borrower does not have a personal contribution. Please note: the loan does not cover notary fees.

But beware: this is only possible if the lending institution deems the borrower able to repay his credit without failing. This implies two things: only people with a stable professional situation can benefit from it (employees on permanent contracts in particular); and the borrower must have a good financial profile (no consumer credit in progress, good savings profile, etc.).

PAS is no longer reserved for main residences

PAS is no longer reserved for main residences

Basically, the Social Accession loan only concerns the acquisition of a main residence. However, the rule changed slightly in 2016: since then, it has been possible to change the destination of the accommodation acquired through a PAS loan and to make use of it other than that of the main residence (rental, commercial or professional premises, second home, etc.). However, this possibility does not open until 6 years after the date of release of funds.

You should also know that the rental of the property is authorized before the expiration of 6 years, under certain conditions:

  • If the owner or one of the co-borrowers cannot live in the accommodation following a death, a divorce, the dissolution of a PACS or a professional transfer (in this case, the place of the activity must be separated from the property of at least 50 km, or cause travel time greater than 1 hour 30 minutes).
  • If the owner or one of the co-borrowers is disabled, is experiencing a period of unemployment, or if he bought the property with a view to his retirement or a return from abroad (DOM- TOM included).
  • To these conditions, two others must be added concerning the rental: on the one hand, it must be empty (no furnished or seasonal rental financed by a PAS loan); on the other hand, the tenant’s rents and resources must remain below a ceiling determined by the National Housing Agency.

By respecting these prerequisites, it is possible to rent out accommodation purchased via a Social Accession loan.

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Home loan: what type of home loan should you choose? http://www.officialr4i.com//home-loan-what-type-of-home-loan-should-you-choose/ http://www.officialr4i.com//home-loan-what-type-of-home-loan-should-you-choose/#respond Thu, 20 Feb 2020 01:48:09 +0000 http://www.officialr4i.com/home-loan-what-type-of-home-loan-should-you-choose/

Are you considering taking out a home loan? Depending on the nature of your project, the type of housing targeted and your situation (personal, professional, financial), you will be able to choose between different types of loans. Indeed: there is not “one” housing loan, but a multitude of loans, adapted to the status and needs of the borrower. This section of the practical mortgage guide will allow you to choose the best type of loan – as well as the ideal rate – to complete your transaction.

Choose your type of housing loan

Choose your type of housing loan

What type of home loan should you choose? Banks (and other lending institutions) offer several possibilities for taking out a home loan. This differs according to many criteria specific to the borrower:

  • The nature of its acquisition project (buying a main residence, making a real estate investment);
  • The type of property he wants to buy (new or old);
  • Its overall situation (professional status – certain credits being accessible only to certain categories of employees, for example the official house loan – and financial, etc.).

Here is everything you need to know about your mortgage and the different possibilities available to you.

Classic mortgage loans

Classic mortgage loans

In the conventional home loan family, the best known is probably the amortizable loan. The monthly installment paid by the borrower is divided in two (principal and interest). It allows him to amortize part of the capital obtained (hence the term “depreciable”) while paying the interest on the home loan as and when. The credit is settled at maturity, after a number of years specified in advance.

This type of home loan can take several forms, in particular that of the smoothed loan (or with stages). This formula arranges the monthly payments of the house loan according to other parallel loans, so as to keep a constant reasonable debt ratio. The modular loan, for its part, gives the opportunity to increase or reduce its repayments in order to accompany changes in its income over time. Finally, the mortgage is a credit secured by a mortgage.

The bridging loan only intervenes in the case of a crossover between resale and acquisition. This type of home loan allows you to buy a new property without having to wait until you have sold the previous one. The principal is repaid when the borrower has received the fruits of his sale.

As for the credit in fine, as its name suggests, it consists in repaying the entire capital at maturity. Throughout the term of the loan, the monthly payments paid include only the interest and borrower insurance costs. It is the savings that will make it possible to settle the loan at the end of the operation. The advantage of this arrangement is that it is supported by low monthly payments and therefore weighs little on debt. It is ideal for rental investment.

Finally, let’s finish with the “no contribution” housing loan. It consists of obtaining a mortgage without having to pay a personal contribution – this percentage of the total sum generally claimed by the banks. It is also called “100% loan” or “110% loan” (because it includes ancillary costs).

Note that, for the past few years, banks have given borrowers the possibility of taking out a home loan over 30 years (compared to a maximum of 20 or 25 years previously). This type of housing loan relieves the burden of excessively high monthly payments, but it has a major flaw: considering its duration, it is very expensive!

Additional aid for housing loans

Additional aid for housing loans

These conventional loans can be backed by so-called “regulated loans”, eligible under certain conditions. The best known of these is undoubtedly the PTZ, or zero-rate loan: assistance with home ownership which aims to simplify a first acquisition of a main residence. It complements an existing housing loan. Its variant called “eco-PTZ” is intended only for financing energy renovation works.

The social accession loan, or PAS, is a housing loan granted by certain banking establishments in collaboration with the State. Based on several criteria, it is possible through this to finance all or part of the total cost of a main residence, over a maximum of 30 years. In the same vein, the loan under agreement makes it possible to cover up to 100% of the sum necessary for the acquisition of a principal residence, except that it is not subject to means test and that he is entitled to housing allowance.

In addition, there is a very specific type of home loan, set up by certain communities. This is the case of the Paris housing loan, reserved for residents of the capital wishing to buy in their city. Or the “local authorities” credit, through which a community itself grants a loan for the acquisition of new or old housing.

Professional loans

Professional loans

Certain categories of employees can benefit from a very specific type of housing loan, called a “professional loan”. These may include:

  • Employer loan, or “1% employer”, which is intended exclusively for employees of private companies with more than 10 employees.
  • Official loan, a mortgage offered only to public service employees by certain banks.

Other types of loans

Other types of loans

Finally, let us cite some singular (and rarer) forms of mortgage loans. For example, real estate leasing, which concerns only goods for professional use: it is the bank which acquires the property and makes it available to its client, against payment of rent and option to purchase in the future.

Another example: the pension fund loan, thanks to which an employee or an executive can be helped to finance his main residence by his pension fund, against a minimum contribution period. And only for small sums.

Important : be aware that it is possible to combine several types of housing loan. Check with your bank for all of your available options.

Choosing your borrowing rate for a home loan

Choosing your borrowing rate for a home loan

Beyond the different types of loans available, it is also necessary to define another important point of housing credit: the rate. Let’s go into detail.

Fixed rate housing loan

Fixed rate housing loan

The interest rate, fixed during the establishment of the home loan, does not change throughout the duration of the loan. So that the borrower knows in advance the amount of monthly payments to come as well as the total cost of the loan, the rate remaining fixed including if he chooses to modify the duration of the loan or the amount of the payments. One also speaks about rate APR, for “annual effective annual rate”.

Note that the fixed rate is most often chosen for a housing loan (at least when it comes to financing a main residence).

Variable rate home loan

Variable rate home loan

As the name suggests, the variable rate is subject to market oscillations. In this formula, the rate negotiated between the borrower and the establishment corresponds to a value determined at a time “T”, that of the establishment of the housing loan. Then, this rate changes according to the variations of a benchmark index – generally Cream Bank, the interbank rate which is authentic within the USD zone.

The rate variation is applied at regular intervals, according to a calendar fixed in advance, for example every 3 or 6 months. The only thing that stays the same is the bank margin applied directly to the interest rate.

This type of rate has major advantages and disadvantages. It allows you to benefit from downward changes in the borrowing rate, without having to renegotiate. In addition, the base interest rate is often more attractive than in the case of a fixed rate. However, depending on the market, this solution can prove to be expensive: if the rate increases significantly over a long period, the borrower will end up paying his housing loan much more expensive and / or by increasing his loan duration.

The variable rate “capped”

The variable rate "capped"

Finally, there is a solution that comes between the fixed rate and the variable rate. This is the “capped” variable rate, the principle of which is simple: the borrowing rate determined at the outset may vary, but within the limits of a ceiling fixed with the lending institution (or “cap”).

This ceiling can relate to the rate (with more or less X points of variation) or to the duration of the housing loan (with more or less X years of oscillation). Or a mixture of the two possibilities. Even if the total cost of the mortgage is not known in advance, the fact remains that this type of rate allows you to take advantage of market conditions without taking too many risks.

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Smoothed loan: a mortgage loan repaid in stages. http://www.officialr4i.com//smoothed-loan-a-mortgage-loan-repaid-in-stages/ http://www.officialr4i.com//smoothed-loan-a-mortgage-loan-repaid-in-stages/#respond Wed, 05 Feb 2020 01:36:13 +0000 http://www.officialr4i.com/smoothed-loan-a-mortgage-loan-repaid-in-stages/

The smoothed loan, or loan with repayment stages, is a form of amortizable credit. In this, it is also one of the various types of mortgage that a borrower can claim to finance his home acquisition project. This land loan makes it possible to contract a mortgage while pursuing the repayment of advance credits, and preserving an equal debt throughout the amortization period. explanations

How does a smoothed loan work?

We speak of a smoothed loan or a landing loan in the sense that this option makes it possible to “smooth” (arrange) a classic amortizable mortgage when the borrower already has repayments in progress, so as to pay only a monthly payment single and global rather than several separate monthly payments.

Let’s say that a borrower wishes to take out a mortgage to acquire a principal residence. At the same time, this borrower is already repaying two loans – a vehicle loan and a consumer loan – which weigh heavily on his debt ratio. The smoothed loan then allows him to reduce the share of amortization of the monthly payments to be reimbursed for the mortgage over a given period, until he has settled his outstanding loans and can therefore dedicate his entire debt capacity to repayment of the mortgage.

Example: the monthly mortgage payments will start at 500$ , then increase when the first loan is settled (passing to 750 $), and again when the second loan is finished – hence the name “stage loan”. The borrower will then reimburse $ 1,000 in monthly payments up to the balance.

At each level, the monthly payment increases and the amortization of capital increases. This amortization is enabled by an reassessment of the upward monthly payments on the smoothed loan.

When can you apply for a landing loan?

When can you apply for a landing loan?

The smoothed loan is very useful for a borrower who does not wish to handicap his debt capacity because of current loans.

However, this is not the only reason why one can apply for this type of loan. The landing loan applies equally to first-time buyers who, in addition to their mortgage, must take out a second loan – for example a regulated loan (1% employer) or a loan to carry out work.

Be careful, however: if the smoothed loan allows you to calmly approach the delicate periods of repayment, in the case of additional loans, this advantage often has a high cost. The granting of smoothing by the bank is in fact accompanied by substantial interest rates. Before making a decision, calculate your loan smoothing with a mortgage loan simulator.

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Bridge loan: a method to buy before selling. http://www.officialr4i.com//bridge-loan-a-method-to-buy-before-selling/ http://www.officialr4i.com//bridge-loan-a-method-to-buy-before-selling/#respond Mon, 03 Feb 2020 01:52:24 +0000 http://www.officialr4i.com/bridge-loan-a-method-to-buy-before-selling/ If the amortizable loan remains the most common type of mortgage, there is another one which is very successful: it is the bridging loan. A practical mechanism, which allows an owner to buy his new main residence without waiting to have sold the previous one, thanks to a loan of a very short duration (1 to 2 years). But how exactly does this bridge loan work? And what are the risks?

What is a bridging loan?

What is a bridging loan?

A bridging loan is a special type of loan that allows a homeowner to buy new property before selling their current property. The purpose of this mechanism is therefore to finance a purchase so that the borrower can benefit from the good opportunities of the real estate market without having to find a buyer beforehand. If the newly acquired property is cheaper than the estimated sale price of the first home, this is called a “dry bridging loan” (the rate of which may be higher).

The principle is simple: the bank advances the funds necessary for the acquisition of a new main residence, while waiting for you to sell your house or apartment, and you can settle the real estate bridging loan thanks to the fruits of the transaction . The funds in question represent between 50% and 80% of the value of the property concerned. If you have any money left after the credit is paid off, you can either save it or use it to pay off part of your new loan that is amortized early.

Of course, obtaining this type of loan is subject to the presentation of collateral. It can be a mortgage, an IPPD or a surety – knowing that the option chosen must cover both the amount of the bridging loan and that of the conventional mortgage, if you have taken out one.

How long does a bridge loan last?

How long does a bridge loan last?

A bridging loan is a short-term loan, with a maximum duration of 24 months, the time to sell your property. But it can also be shorter, around a year.

Of course, the object of the game is to be able to settle your bridging loan as quickly as possible. Because even if the repayment of the capital is made only once the sum is raised, you will still have to pay monthly installments composed only of interest (we speak of “partial deferral”). In short, the faster you clear your bridging loan, the less interest you will pay.

However, you have the option of paying the accumulated interest only when you sell your first property – this is called “total deferred depreciation”. This solution avoids adding the repayment of the interest on the bridging loan to the costs already incurred (maturity of the housing loan for sale and maturity of the credit for the newly purchased property), and allows you to lighten your budget.

Please note: a real estate bridging loan must be repaid on time

Please note: a real estate bridging loan must be repaid on time

Insofar as a bridging loan is a very short-term loan, you agree to repay it in full before maturity. From the signing, you therefore have a maximum of 24 months to sell your first property and thus settle your credit.

Now what if you are late? In this case, you can negotiate with the lending institution to:

  • Extend the real estate bridging loan (generally for one year);
  • Transform the bridge loan into a traditional amortizable loan.

In the absence of agreement, the bank may seize the property offered for sale or the newly acquired accommodation. Before getting there, however, ask yourself why you still haven’t found a buyer for your home: is the price too high compared to the market? Is it necessary to do some work?

This will ensure that you pay off your loan on time!

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Flexible loan: adapt your monthly payments to your needs. http://www.officialr4i.com//flexible-loan-adapt-your-monthly-payments-to-your-needs/ http://www.officialr4i.com//flexible-loan-adapt-your-monthly-payments-to-your-needs/#respond Thu, 23 Jan 2020 01:56:20 +0000 http://www.officialr4i.com/flexible-loan-adapt-your-monthly-payments-to-your-needs/ Among the different types of mortgage, the flexible loan is backed by a traditional amortizable loan. Offered by a majority of lending institutions, it allows the borrower to anticipate the evolution of his income in order to manage his monthly payments with more flexibility. In short, it is a customizable loan offering many advantages for the subscriber.

How does the flexible loan work?

How does the flexible loan work?

We talk about a flexible loan, but it is more an option backed by a conventional mortgage than a loan in its own right. This option allows a subscriber to obtain a credit, the repayment terms of which may change according to changes in his finances.

Few borrowers can secure a fixed and identical income during the entire mortgage amortization period. In 15, 20, 25 or 30 years, a lot can change: income can go up or down, unexpected cash flows can occur, the subscriber can go on a period of unemployment, etc.

The modular home loan adapts to the borrower’s situation: the borrower can modify his monthly payments according to his income. This flexibility constitutes the DNA of the modular loan, depending on the conditions set between the subscriber and his bank when the loan offer is issued, on a case-by-case basis.

What can we do with the modular home loan?

Concretely, the modular loan allows:

  • Increase or decrease the amount of the monthly payments to adapt to a change in economic situation (sudden rise or fall in income, significant cash inflow, etc.);
  • To suspend monthly payments for a short period to compensate for a temporary difficulty, such as a job loss (the total reimbursement period being limited to an extension of two years);
  • To repay the modular home loan in advance, in part or in full. This type of repayment is provided for in loan contracts but is often subject to penalties. A borrower who anticipates large cash receipts can nevertheless negotiate the possibility of an early repayment without costs, for a limited amount.

Generally, financial institutions offer a flexible loan option to borrowers, because they are aware that a loan of this size must take into account the vagaries of life (reason for which borrower insurance, if it is not a requirement is still a constraint in fact).

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Loan without unemployment insurance. http://www.officialr4i.com//loan-without-unemployment-insurance/ http://www.officialr4i.com//loan-without-unemployment-insurance/#respond Wed, 22 Jan 2020 01:32:49 +0000 http://www.officialr4i.com/loan-without-unemployment-insurance/

Actually, the phrase “credit without unemployment insurance” is not very common, since most banks do not mean unemployment insurance, which is deducted from the salary, but the residual debt insurance, which can optionally be taken out for a loan and in the event of unemployment To protect borrowers from financial ruin. A loan without unemployment insurance is therefore possible at any time under certain conditions.

Is it necessary to take out residual debt insurance?

Is it necessary to take out residual debt insurance?

A residual debt insurance can – but does not have to – be taken out. The banks cannot request this from the borrower. However, you can base your credit decision on this. For example, they will only be granted a loan without unemployment insurance if the available security is sufficient.

The residual debt insurance is supposed to enhance these securities in principle and to additionally secure the loan. If it should happen that you become unemployed during the repayment phase, the insurance will take over the outstanding installments and pay them to the bank. A financial disaster can thus be avoided.

Where can the residual debt insurance be taken out?

Where can the residual debt insurance be taken out?

If you do not want to take out the loan without unemployment insurance, you can take out residual debt insurance in many places. Most of the banks offer this insurance along with the loan application. However, you are not forced to accept the offer.

Rather, you can take out insurance with any other insurance company, since it is not linked directly to the bank, but always only to the loan amount. A comparison of the different offers can be worthwhile here. Because the premiums for the insurance can fluctuate quite a bit. And if you don’t compare here, you can count on it in the end.

Conclusion

Conclusion

A loan without unemployment insurance is possible at any time. Provided that you can meet all the conditions for the loan without the insurance. Even if the bank offers and recommends insurance, you are not forced to take out insurance. However, the bank may not then approve the loan. You should therefore always make individual decisions and get good advice. Because in the end it always counts the loan and its payment, which is aimed for and which is somehow expected.

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Online cash advance loan -Instant decision, Request a real cash advance online http://www.officialr4i.com//online-cash-advance-loan-instant-decision-request-a-real-cash-advance-online/ http://www.officialr4i.com//online-cash-advance-loan-instant-decision-request-a-real-cash-advance-online/#respond Fri, 08 Nov 2019 05:12:47 +0000 http://www.officialr4i.com/online-cash-advance-loan-instant-decision-request-a-real-cash-advance-online/ Cash loans on the internet have become a popular form of borrowing for many people. Cash loans on the Internet, or quick loans, are issued for a short period of days, weeks or months.

A cash advance can be useful for people with and without work. This credit is also available for people without a formal job. Borrow even if you are not working, but you have a regular income that will repay your loan.

Borrowing takes a few minutes. Here are three steps to applying for and getting a cash loan:

Instant decision, Request a real cash advance online

So much time can be saved simply because cash advance through Paydaynow is available online. All you need is a bank account to credit the loan and a cell phone number.

Register on the lender’s website. Fill in the registration fields – Provide all the information the lender needs to evaluate your ability to obtain credit. After you have provided the necessary information, you will have to make a 1 cent transfer to the lender’s bank account. The transfer of santim is necessary for the lender to verify the accuracy of the bank account you specify.

Apply for the loan amount you need. The first time you borrow, you will have access to a cash loan of up to 150 – 200 lats. Larger cash loans are given to customers who re-borrow. For the second time, your credit limit will be raised. The maximum loan amount will be available to you from the third or fourth borrowing, provided that all previous loans have been repaid on time.

After you apply for the loan, you will receive an informative SMS in the next few minutes – granted or denied. Failure to do so will mean that you do not meet any of the requirements related to your age, credit history, and income.

Safe, convenient and profitable cash loans on the Internet

Safe, convenient and profitable cash loans on the Internet

SMS Credit

  • How much can I borrow?

– the first loan is free of charge up to 200 lats;

– from the third borrowing loan up to 400 lats;

  • How long is the repayment term?

– First repayment up to 30 days

– the loan repayment term can be extended;

  • Who is granted a fast credit?

– persons between the ages of 18 and 75 who are not in arrears or defaulting;

– even if there is any outstanding fast credit it is possible to borrow from another lender;

  • Sms Credit working hours – every day from 7:00 till 24:00.

Good Credit

  • How much can I borrow?

– the first loan is free of charge up to 200 lats;

– credit up to 1000 lats;

  • How long is the repayment term?

– First repayment up to 30 days

– The loan repayment term can be extended;

  • Who is granted a fast credit?

– persons between the ages of 18 and 70 who are not in arrears or defaulting;

  • Good Credit Gooding hours – 8:00 am to 10:00 pm daily .
  • Who is granted a fast credit?
  • How much can I borrow?

– the first loan is free of charge up to 150 lats;

– from the third time borrowing up to 350 lats;

  • How long is the repayment term?

– First repayment up to 30 days

The loan repayment term can be extended

The loan repayment term can be extended

  • Who is granted a fast credit?

– persons between the ages of 20 and 65 who are not in arrears or credit default;

– even if there is any outstanding fast credit it is possible to borrow from another lender;

  • VIA Sms is Good on weekdays from 8:00 to 22:00 and on weekends from 10:00 to 20:00.

E-Money

  • How much can I borrow?

– credit up to 1000 lats;

– the loan amount is applied individually;

  • How long is the repayment term?

– from 1 to 24 months;

  • Who is granted a fast credit?

– persons aged between 19 and 70 with a positive credit history;

  • E-Money is Good daily from 7:00 to 24:00
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Sale Credit up to 10,000 € – within one day – answer 20 min. http://www.officialr4i.com//sale-credit-up-to-10000-%e2%82%ac-within-one-day-answer-20-min/ http://www.officialr4i.com//sale-credit-up-to-10000-%e2%82%ac-within-one-day-answer-20-min/#respond Mon, 21 Oct 2019 19:50:04 +0000 http://www.officialr4i.com/sale-credit-up-to-10000-e-within-one-day-answer-20-min/ Great solution if you have a good credit history, official income and want to get a loan. Choose your credit type, get an answer and sign a contract.

The loan is issued to residents of Latvia between the age of 18 and 80 if there are no debts owed to other financial institutions.

As it happens

bank

  1. Use the calculator to choose the loan amount and term.
  2. Fill out the application form in a few steps, a few minutes and the application is submitted.
  3. Get an answer, sign a contract and get paid.

Good Finance offers to borrow

bank

  • the borrower must be between 18 and 80 years of age;
  • it can take 1 business day to process and receive a credit;
  • Apply for a loan online;
  • repayment term from 3 months to 6 years.

Important

  • Evaluate your repayment options and be responsible! Don’t borrow if you don’t need it! Before borrowing, read the terms of the agreement and contact the lender if you have any questions.
  • The loan agreement can be terminated at any time without additional charges

Right of withdrawal

The Borrower may exercise the right of withdrawal and withdraw from the Credit Agreement within 14 (fourteen) days, see here for more information.

Information on penalties

bank

In the event of default, the debt recovery process may be initiated, the right of claim transferred to third parties, adversely affecting the Borrower’s credit history and possibly the credit rating, which may result in the service provider being refused. In the case of late payments, a penalty is calculated of the total amount of late payments for each day of delay.

Example GPL: Borrowing 3000 € for a period of 72 months, the interest rate is 18%, the annual interest rate is 22.05%, the monthly payment is 68.42 €, the fee is 150 €, the total amount repayable at the end of the period is 5076.48 €.

To help you make the best choice, choose the lender company that works best for you, we’ve created a section on lender reviews. Write a review You!

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Checklist Before You Apply For Loans http://www.officialr4i.com//checklist-before-you-apply-for-loans/ http://www.officialr4i.com//checklist-before-you-apply-for-loans/#respond Thu, 17 Oct 2019 02:37:26 +0000 http://www.officialr4i.com/checklist-before-you-apply-for-loans/ A consumer loan can be a good way to borrow from $ 10,000 to $ 250,000. If you want to borrow a higher amount then you should consider refinancing the mortgage. Although it is easy to borrow money, there are certain precautions you should take so that you end up with a loan you can live with – literally. Here is our checklist for loans:

Do I really need a loan?

Do I really need a loan?

The first thing you have to ask yourself is if you really need to borrow money. If you only need a low loan then you can hear with family and friends if they have the opportunity to help you until you get money. If this is not an option, you should apply for a free credit card. There are several different credit cards on the market such as SWEd Finans’s Credits Visa and Santander’s Fee-Free Visa. It is important that you pay the outstanding credit within the interest-free period so that you avoid unnecessary interest costs. If you are looking to borrow a larger amount you should try to provide quiet collateral for the loan as you will get better terms.

Have you checked your credit rating?

Have you checked your credit rating?

Before applying for a loan you should check your credit rating as it will have an impact on your application. If your application is rejected then this will adversely affect your credit rating. In other words, check first and search for it.

Can you afford to pay off the loan?

Can you afford to pay off the loan?

This is no joke, anyone applying for a loan should check that they are able to repay the loan before applying. Sit down and think about what it will cost you and see if you can manage it. These 3 points should be on everyone’s checklist for loans. Do you have any items on your loan checklist that should have been mentioned here? Feel free to share with us in the comments section.

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Some examples of Spanish subprime mortgage loans http://www.officialr4i.com//some-examples-of-spanish-subprime-mortgage-loans/ http://www.officialr4i.com//some-examples-of-spanish-subprime-mortgage-loans/#respond Mon, 19 Aug 2019 04:19:56 +0000 http://www.officialr4i.com/some-examples-of-spanish-subprime-mortgage-loans/ At that time, political and bankers did not stop repeating that in Spain there were no such mortgages and Leopoldo Abadia put the term Ninja Crisis into fashion, to refer to the recession triggered by loans granted to people without work, demonstrable income or property. I admit that I smiled to myself; maybe they were not granting subprime mortgages in the American style, but subprime in Spanish, I did see in my day-to-day work.

One of the young usually thinks that banks know what they do; they have entire departments of market analysis, risk, investment and a long list of grandiloquent names. And many of these groups of professionals succeed in their recommendations. What I would like to know is the managers who end up making the decisions; because many have done it wrong, very badly.

Garbage mortgages made in Spain

Garbage mortgages made in Spain

From my professional experience, I can extract some practical examples of mortgages granted with excessive “Spanish joy”.

One of the most widespread and that is being sadly topical is the purchase and sale with mortgage financing of several properties at the same time. The most normal thing would be to think that any financial entity requested the Bank of the candidates to obtain financing, right? Requesting the debts that one has and is registered in the Bank of Spain is one of the bases of the process of granting a mortgage.

There are two types of junk mortgages related to Bank some of which are responsible for the malfunction of the risk analysis of certain banks and another for the picaresque of the applicants (and of the real estate agents or brokers that processed the loan):

  • The banks that did not ask for: the one I know is American, of those who have given problems to the whole world. Imagine that I have two personal loans and a mortgage. I go to that bank and request a mortgage to buy a house with my new partner. Normally, they saw my debts and denied me more debt. Normally, I say, since with some banks the loan could be obtained, by not requesting our debts from the Central de Risks of the Bank of Spain.
  • A couple buys a flat with the endorsement of the siblings (or the firm as holders of the non-owner mortgage), who in a few days or weeks buy another home with the endorsement of the first holders. Between the four they collect enough income to pay a mortgage, but obviously not two. The Bank is not updated as often as would be logical (at the time of signing the mortgage), but it takes several months. Many times it was not an operation designed by the owners, whose financial culture used to be low, but by unscrupulous real estate agents or financial intermediaries eager to charge commissions. Which does not exempt the mortgaged from their responsibility.

Another type of subprime mortgages are those of certain immigrants with less than one year of working life who bought with other partners (sometimes not even from the same country of origin). Let’s be direct without falling into folly: there are nationalities that have neither the same legal regime in mortgage matters, nor the same financial culture nor the same habits of complying with bank obligations. Therefore, without entering into other types of considerations, nationality is a fact to analyze when granting a mortgage, as well as age or type of work.

Many financial institutions started to capture the immigrant collective

bank

With aggressive mortgage campaigns; There is nothing wrong with segmenting the market. The wrong thing is not knowing how to segment it . There is no defined group to call immigrants. There are Chileans, Japanese, Germans, Guineans or Russians, but each of them has different characteristics in terms of blackberry. Some pay better than the Spaniards and others much worse (on statistical average). The banks did not know how to distinguish between the good and the bad payers, in fact they did not consider it until the blackberry was shot.

I don’t want anyone to understand that when I talk about immigrants I talk about junk mortgages. There are prime immigrant mortgages as there are many subprimes of Spanish. The subprime to which I refer have the following peculiarities:

  • Foreign nationality with little or no financial culture (of the Spanish legal framework) and without a consolidated mortgage market in your country.
  • Whose work-life was less than one year and had his family in his country of origin.
  • What do you buy with a friend or family member, sometimes from different countries?

If one grants a mortgage to someone who does not have his family in the country

If one grants a mortgage to someone who does not have his family in the country

Who has been working for less than a year and who buys with a friend, it is not necessary to be an expert to know that the risk of any of them losing their job or Going back to your country is high. If you also buy 100% more expenses and have no savings, granting them a mortgage is not a favor, it is a risk that can condemn them to financial exile if they cannot pay the mortgage.

Thanks to the banks, real estate agents and other economic agents in the sector, who “sold” the mortgage as “a way to pay the same as rent and buy a home on property ” rotten apples have been offered to them and the sector Financial as a whole.

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