The Sweet Mortgage, we are big enough mortgage very sophisticated
30.05.2006
The constant formulae innovation to manage to make a mortgage more appetizing that other one seems to have no end. Pperiodos of lack and other measurements of relaxation in the monthly payment of the credit, Box Navarre (DOG) is the pioneer now with a mortgage that allows, under certain circumstances, to pay an interest rate more under than the euribor, the price of the money of reference in most of entities.
The Sweet Mortgage, since the DOG has named to this product, is adapting itself to the personal and professional needs of the client. In normal conditions the interest rate can lower up to the euribor more 0,20 points. In case of temporary incapability, considerable decrease of income or death, the interest rate offered by the entity will happen to be 0,20 points lower than the euribor.
Route | Five days
The mortgages register the biggest growth in 12 years
29.05.2006
The mortgage Loans continue with his expansive behavior and at the end of March it was presenting an interannual growth of 27,32 %, the biggest registered one in the last 12 years, according to the information of the Spanish Mortgage Association (AHE).
Route | ABC.es
Box Spain throws an insurance that the petitioners of the mortgages could come up to 100 % of the value of appraisal
25.05.2006
Box Spain has reached an agreement with General Electric Finantial so that the petitioners of the mortgage loans could come up to 100 % of the value of appraisal, by means of the hiring of a mortgage insurance. This insurance facilitates to the buyer the access to a housing in property, especially when difficulties exist to contribute a high initial quantity.
Route | Terra Actualidad
The Euribor reached 3,221 % in April
24.05.2006
The eurí-bor to one year, index of reference to which most of the mortgages are granted in Spain, rose in April up to 3,221 %, with what it is located in the highest level from September, 2002 and supposes the seventh consecutive monthly increase and a new increase of the mortgages, as has confirmed the Spanish Bank.
In particular, the eurí-bor raised 0,12 points with regard to 3,105 % registered in March and 0,95 points as regards 2,265 % in which it was located in April, 2005, what will be translated in an increase of the quotas of the mortgage credits that are checked annually with the new valuation in the next days.
In particular, in an average mortgage for 120.000 euros granted in a term of 20 years with a differential of 0,60 points on the eurí-bor, the monthly quota would go on from approximately 657 to 715 euros, what supposes an increase of approximately 58 euros to the month and 696 euros in the set of the year.
Route | The newspaper of Aragon
Bancorreos throws the Postal Mortgage with a term of up to 40 years
18.05.2006
Bancorreos, fruit of the union of Deutsche Bank and Post office, will commercialize in 1.908 Post office offices.
The postal BanCorreos mortgage has pay-off period of up to 40 years, 0,45 % has an interest rate of the Euribor more, and it is not necessary to domicile the payroll of the holder.
Route | Cincodias.com
an apartment of 90 m2 supposes 45 years of mortgage for an average salary
16.05.2006
According to a recent study realized by the real estate portal expoacasa.com a person with an average salary, half-closed to 1500â‚ ¬, it would be late in paying his house 45 years. If we her were buying in couple the time it would diminish in 22 %
Cajamar extracts a mortgage that he finances up to 95 % of the value of the housing without need for guarantee
05.05.2006
The Land-bank of Almeria, Cajamar, has put on the market the Mortgage Coverage 95, a mortgage loan that he goes so far as to finance up to 95 per cent of the value of appraisal of the building, without need to contribute guarantors or others type of guarantees.
Route | Terra Actualidad
Care with the appraisals of overvalued mortgages
03.05.2006
It is normal and logical that to minor quantity contributed by the borrower, there will exist a minor propensity to return the loan, especially during the first years of life of the mortgage.
According to experts of the bank sector, every time it is more habitual that the value of appraisal of the housing is superior to the real value of the building, in order to obtain loans that allow to finance 100 for hundred of the operation.
Flexibilizar the payments and to reduce the monthly quota of the loans
02.05.2006
The clients arrange of different forms for flexibilizar the payments and to diminish the monthly quota of the loans. The Spanish Bank has already warned several in several occasions of the danger of these products.
If it has thought to hire a mortgage loan, give him a return for the offices of banks and boxes that it could, and he will be able to state the diversity of conditions and formulae that the entities are introducing in his loans with the target to smooth the conditions for the buy of the housing, as the prices of the apartments are, and to receive with it new clients.
In a stage of increase of interest rates, the banking is incorporating diverse conditions that affect in the flexibility at the time of paying, something that has already provoked warnings of the Spanish Bank. The euribor is already in 3,22 % - in September 2,2 was located in %-, after seven continued months rising, something that did not happen from 2000. This provokes that the mortgages are getting dearer, what can brake the demand of this key product of the banking at the time of clients receive.
To fight this stage the banking is introducing dondiciones to reduce the monthly payment of the mortgage. There are already periods in which the client only pays interests, with what the monthly quota - that consists of interests and capital to be returned - temporarily is lower. There are products that fix this period until the holder reaches an age (for example until it fulfills 40 years in case of a Box loan Navarre) and the whole life of the loan.
Also it is possible to stop the payment of the monthly quotas up to one year later, how it makes 40 Banesto in his Mortgage, and BBVA in his Easy Mortgage, between many other characteristics. Or even some entities, like BBVA and The Caixa, they allow the client to stop up to 30 % of the capital of the first disposition to amortize to the expiration.
Another formula is the lengthening of the term of the loans. BBK, Vital or Labor Box they already have products of up to 50 years, and a good number of entities fixes the maximum term in 40 years (to see picture). Bankinter, allows to lengthen the loan in six months for every full year.
In this stage of increase of the money also it can be an option to pay an exaggerated interest rate, which is the result of applying a percentage that the client decides of fixed interest and the rest of variable, a formula that gives birth to the Mortgage opened with combined interest of The Caixa. The Super Revolution of Santander tackles the combination of fixed and variable on having received 3,55 % the first five years, and then, euribor more 0,75 %. Another fashionable characteristic there are the flexible quotas, which allow to the client to change his monthly amount as it needs it.
Source: Expansi¾n.com
