The mortgages become exhausted
29.06.2006
The Spanish mortgage financial model becomes exhausted. This way - it is I throw to know the AHE, which he warned to entities and regulators of the risks of the excessive duration of the period of the mortgages and of the high weight of the credits to variable type.
Route | Five Days
He mortgages Free Quota for Bankinter
26.06.2006
Bankinter has put on the market a mortgage which principal characteristic is that the client can postpone until the end of the term the payment of a percentage of the initial capital that he decides himself. This new product will be commercialized by the name of ‘HE MORTGAGES FREE QUOTA‘, and arises from the agreement between Bankinter and GMAC-RFC, company of the group General Motors dedicated to the residential mortgage financing and with big experience on other mortgage markets.
The new MORTGAGE FREE QUOTA is a loan with the mortgage guarantee of the housing, in which he is the proper client who decides the form of amortization, since there exists the possibility of postponing between 20 % and 80 % of the initial capital until the end of the term; a capital that, consequently, does not bear in mind at the time of configuar the monthly quotas. In practice, this formula would give as turned out a few quotas that, on having been composed only, for you interare and a small part of the capital, they can become up to 40 % minors that those of a variable mortgage `tradicional’.
Although in this mortgage the client chooses at the time of his hiring what part of capital he wants to leave by the end of term, there exists the possibility of realizing in any moment early, partial or entire cancellations, which have no penalization whenever the amount amortized in one year does not overcome 10 % of the hanging capital at the beginning of this year. If it excels itself, the commission will be 1 % on the capital amortized prematurely that exceeds the previous limit. All this converts to the MORTGAGE FREE QUOTA into a product with an extraordinary flexibility that adapts itself to the needs of any client.
Route | Fuerteventura Digital
CajaSur throws the light Mortgage for the first or second housing
21.06.2006
The ‘light mortgage’, according to a CajaSur bulletin, takes the euribor as conditions + 0,40, with a minimal link being able to subscribe in any of the offices’ of the box of Cordoba.
This product claims that the box of Cordoba ’posicione like one of the regarding financial institutions on the mortgage market’.
Source: EFE
Relative needs a law of sobreendeudamiento
12.06.2006
The Users' Association of Banks, Boxes and Seguros has requested again the government that a failure law is written promptly or sobreendeudamiento relative who protects the consumers who could not face to the payment of his debts momentarily due to “exceptional circumstances”.
Route | The economista.es
95 of Cajamar mortgages Coverage
12.06.2006
The Land-bank of Almeria, Cajamar, has extracted to the market the ‘Mortgage Coverage 95 ′, a mortgage that he finances up to 95 per cent of the value of appraisal of the housing, without need to reach port guarantors or other new insurances.
The entity indicated that the amount to finance can reach 350.000 euros, whenever it does not overcome 95 per cent of the value of the housing and added that the authorization of the credit remains guaranteed by means of an insurance of mortgage guarantee, which cost can be included in the quota of the proper mortgage.
Route | Terra Actualidad
The motives of the BCE for raising the interest rates
07.06.2006
These it stems principally from the growth forecasts in the Euroarea and the inflationary situation that the prices of the energy produce they are pressing the European Central Bank (BCE). Also weight as argument in favor of the increase of the interest rates the money supply in hands of the public, who continues his tendency to the rise. In Spain, also, the liquid assets keep on coexisting with a big dirty money quantity.
In fact, the Spanish Bank has asked to the financial institutions for a major control on the circulation of the tickets for 500 euros, of which we are European champions.
Route | Newspaper of Seville
The BBVA improves his “Easy Mortgage”
06.06.2006
BBVA throws a mortgage loan to 40 years that 100 % of value finances housing
The BBVA has begun commercializing a mortgage to 40 years that he finances up to hundred for hundred of the value of appraisal of the housing and that there allows to postpone up to the expiration of the loan the payment of 30 per cent of the requested quantity.
Route | Terra Actualidad
The risk of lengthening the term of the mortgages
06.06.2006
From the bank of Spain they have commented on the dangers that the pay-off period of the mortgages supposes prolonging, sometimes up to 50 years. According to the BDE this situation endures a serious risk so much for the credit companies because it generates a big instability as for the families that every year see increasing the interests.
Route | vLex
It slows down the mortgages demand in the first trimester
06.06.2006
The credit companies have detected a "soft" deceleration in the demand of mortgage loans during the first trimester of the year. The extreme competition on the subject of mortgages and the good economic expectations, the principal factors of the deceleration. Still with this information Spain keeps on being ahead in the mortgages authorization that the rest of the European Union.
Route | The digital voice
The May euribor 3,31 %
01.06.2006
To nobody he already surprises the continuous upturns on the index Euribor. The analysts preveen that the euribor continues to the rise but to a minor rhythm of growth.
The increase in the monthly quota of an average mortgage for 120.000 euros with a pay-off period of 20 years is of approximately 60 monthly euros since the index has raised 1,12 points (from 2,19 % of May, 2005 to 3,31 % of May of this year). In case of the loans hipoetacarios with monthly review the increase will be slightly minor, of 32 monthly euros.
route | The Newspaper of Aragon
