The first reunification of debts that allows to shorten the duration of the new loan
16.07.2007
To limit to almost the half the amount of the quotas of the loans, by means of the reunification of the debts in only one quota, he always supposes extending the duration of the new mortgage loan.
Finanfácil has looked for an alternative that allows to reduce the duration of the new loans across the hiring of an insurance policy of saving at the moment of his formalization. This insurance policy allows to be generating a capital along the life of the loan, in such a way that, passed a few years, the value of the fund will be equal to the hanging capital of amortizing of the loan, and the client will be able to choose to amortize it prematurely, reducing the due duration in the beginning.
Until now, there did not exist on the market any possibility of reducing the duration of the mortgages resultant from the debt reunifications. The intensive increase of the eurí-bor during the last months has got dearer significantly the quotas of the mortgage loans. To be able to reduce the amount of these letters the only solution was to extend the duration of the new mortgage loan. The urgent need of the clients provokes that these are ready to support it, knowing even that the debt can overcome its own life expectancy.
Finanfácil presents 3 types of saving during the first three years so that the client despreocupe until, spent this term, it could realize freely comfortable monthly contributions. In the Type 1, in which 3.000 euros are contributed for the first 3 years, the monthly quota is 50 euros. In the Type 2 (4.500 euros) it is 75 euros; and in the Type 3 (6.000 euros) it is 85 euros.
The plan of saving selected by Finanfácil to achieve the Brilliant Mortgage is called First Class and is designed jointly by Flake Insurances and the insurance international ASPECTA. This product unit-linked invests exclusively in funds of different agents who have the biggest qualification Morningstar or Standard and Poor†™ s (five stars). This management assures a more controlled volatile nature, essential characteristics for a long-term investment.
To reduce the mortgage in more than 10 years
As example, a loan of 200.000 to‚ ¬, foreseen initially for 40 years, it is possible to reduce more than ten years (almost 27 % of reduction) being based on the evolution of the value of the insurance policy. For it, there is born in mind annual average profitability estimated of 8 % during the whole life of the insurance policy, hired by a 35-year-old person. In case of the Guy chooses 2, the amount of the loan of 200.000â‚ ¬ it increases in 4.500â‚ ¬, to realize a contribution to the saving plan for the first 3 years, more an initial extraordinary contribution of 1.800 to‚ ¬.
To the beginning of the fourth year, the insurance premium keeps on supporting in 75 to‚ ¬ a month, up to the end of the operation. Spent a few years, towards half of the mortgage loan, the value of the insurance policy of saving equals the hanging capital of amortizing, there being able to be used the value of that one to cancel prematurely the loan, going down from 40 to 29 years and 3 months from the date of hiring of the loan. Also, in the cases in which the client does not need to amortize the loan prematurely, it will be able to continue with his saving plan up to 65 years, accumulating an extra capital to improve his retirement.
Route | Exemption Today
