• General 10.12.2024 Comments Off on Real Estate Loan Planning Right And Compare

    Mortgage Advisor: proper credit planning for a cheap and safe real estate financing in Berlin, 03.04.2012 – the dream of homeownership 200,000 homebuyers in Germany rising fulfilled year after year. Of the most homes are financed at least for the most part of credit institutions, because very few people have enough equity to pay for a new real estate out of his own pocket. Is not so easy to find the right financing, because in addition to possible favorable conditions, she must take into account also the individual conditions of the real estate buyer. While it is not enough usually, just to find out about the most important topics and then to go to his bank manager. The differences in the kinds of financing and the terms are so concise that a proper credit planning can save not only many thousand euros, but ensures only the financing success. What are the most important factors of a real estate loan? The foreign capital requirement must be determined first. To do this, it is not enough to assume the price of buying real estate net of existing equity as loan amount or the estimated cost of the new building. Rather it must be balanced with other factors such as ancillary costs (such as notary, land register, interior design, etc.).

    New buildings must be assumed in addition possible difficulties during the construction phase, as well as any payment obligations before the respective loan payouts (keyword interim financing). The exact foreign capital requirements should be determined also considering a certain part of equity for unforeseen incidents so that of real estate purchasers in the case is not completely penniless. The next very important criterion is the estimated rate amount of the loan. It specifies how much disposable income every month for the interest and repayment obligations must be planned.

  • General 10.09.2018 Comments Off on European Central Bank

    The passbook is and remains one of the oldest and gerngesehenden investments. The passbook is no alternative more than investment. As it is common today. But is that true? And what’s the alternative as a financial investment to the passbook and why? A savings account offers the possibility of money safely and with more or less high interest rates, to bring. You could access it at any time and it was double covered by insurance at the Bank. What should be wrong with this concept. An argument of opponents of savings is that the interest rates on these are very low. Thus, the value of money, which is parked on the passbook, may actually decrease.

    This is due to inflation, a term describing the process, that prices of consumer goods and services. If you got fuel another liter some years ago for one euro twenty, so you have to pay today a euro seventy petrol for the same liter. You get less gasoline than in the past so for one euro, or the other way around, the euro has lost value. If you money somewhere to Park, so the Argument of opponents of savings, you should get at least as many interest that, not that decreases the value of money. A good investment is that the value of savings remains at least the same or even increases one that generated so many interest rates. The savings thus eliminated as a good investment.

    According to focus money, get 0.99% interest on a savings account in the cut. The day money is traded as an alternative to the popular savings account. This works in principle like a savings account, but higher interest rates can be generated. Should be even twice as much on average as the interest that is paid on a savings account. But how can pay a twice as high interest rate from a bank on a large and similar product? This opportunity offered by the Bank in return for a more flexible interest rate of money. Usually, the interest rate on the day the Euribor money account is coupled. The EURIBOR is, determined by the European Central Bank base interest rate that applies to intra banking. Da This can increase, but include also the interest rate for a day money account can vary greatly. The actual annual interest rate is so not firmly set and also not guaranteed. At what level is it commutes a, so open. This is the big difference from the savings account. The investor has to be able to access the same rights to his money. He is the most flexible. As opposed to the money of the day, there is a fixed rate of interest on the savings on the savings account, however. This is a disadvantage for the Bank, calculated on the central interest rate Euribor. The higher interest rates in the money of the day means more flexibility for the Bank. Thus, so a good innovation and therefore also a cheap alternative to the passbook is the day money principle for both sides, the Bank and the investor. The interest on the money that usually exceed the inflation rate. Current interest rates for federal funds, however, are below 1.5% and are therefore not so far from those for savings.

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