Jan/120
Long Term Loans
If you’re after a long term loan there are several different ways to borrow your money. You could try a personal loan, a secured loan, or a re-mortgage. Here we will cover each option starting with the longest payback option.
A Re-mortgage
With this option it is possible to borrow money over a period of up to 40 years. It also allows you to choose if you want fixed rates or variable rates. As with all options you must take careful consideration when borrowing money over such a period. You can easily end up paying back well over 3 times the original amount of money you borrowed. The money is also secured on your property; meaning if you can’t pay it back then the property could be repossessed.
A Secured Loan
You can borrow money over up to 25 years with a secured loan. This is again secured on your home. The APR is likely to be competitive, especially if you have an above average credit rating. Because of the credit crunch there are few lenders offering secured loans at the moment (in 2009). The most you can borrow is also likely to be
Apr/090
The mortgage for divorcees, a reality only Japanese
Looking for information on mortgages, I came across this video of Tgrealesse that at the end of 2007 presents a new form of mortgage that probably many still do not know.
The idea comes from Japan:
I sought information on the Italian state, but there is still nothing about it.
But I discovered that the Japanese idea was born from the fact that a large proportion of divorced people, rely on credit cards for expenses arising from the failed marriage.
As a result of this trend Japanese banks have decided to organize and propose a financial product (mortgage) with interest rates below the cards.
The name of the loan is called “King” and identifies a fresh start from scratch, just what people want to do just divorce.
In Italy sooner or later arrive?
Personally I think it is only the first step towards support of those people who are struggling to restart after the failure of the marriage.
Only support the costs of separation may not be enough. It would be more useful to a loan that guarantees an amount of money at subsidized rates, covering the needs for at least 6 months after the ruling. Often the cost of maintaining the partner and the children greatly reduce the income, with the consequences.
A temporary loan could help to stall while you search for a job with more money or perhaps a less expensive accommodation and a car.
Jan/090
Buying a house: the Guide for Notaries
Notaries and consumer groups have worked to launch the guide “security in advance. SAFETY IN THE CONTRACT FOR THE SALE OF REAL ESTATE “, a sort of handbook addressed to the citizens with the aim to better target, and secure in buying a new home.
The guide starts from the compromise, that the contract where the seller and the buyer is obliged to conclude a purchase agreement, establishing the terms and deadlines. This stop impugn parts for the time taken to resolve any issues that do not allow the immediate sale (such as lack of liquidity in the future that addresses the buyer’s bank looking for funding), to avoid incurring, at ‘ Preliminary note is better than the promise seller signing the preliminary sale is the true owner, you are holding a valid document of origin, which do not impose a mortgage on the property (through investigations hypo-land) and that construction of the house been adequately verified as “in good standing” (i.e. check for DIA, concessions amnesty etc. ..).
Then switch to the Proposed Acquisition, which contains the will expressed by the buyer wanted to buy an asset at a certain periods. The acquisition proposal must be accompanied by payment of an advance called a deposit, which remains frozen for the duration validity of the proposed purchase, but in the meantime, the seller is free to consider other offers.
The definition of a sale, the deposit paid by the buyer becomes part of the final price established, but before addition to the payment of the deposit can be made for the payment, before the final deed, the rate of price, for which the prior should indication of such deadlines, how and where the rate of payment of the price must be paid.
It is also necessary to specify in advance whether the amounts paid before the deed will specifically serve as co-signatory deposit or deposit of money.