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To facilitate the payment of mortgage loans to the unemployed men

The socialistic party is studying the way of facilitating the payment of the mortgage loans to the unemployed men

Initially, the trade unions would be ready to support the measurement, because they are much "worried" for looking for solutions for the problem of the “flow of the credit of the banks towards the families“.

The newspaper “The Economist” has advanced the information of the plan of the Government, for which, the Executive would favor the renegotiation of 50 per cent of the monthly quotas of the mortgages of stopped with the financial institutions in a prearranged time.

The banking prevents the buyers from being replaced to the mortgage of the property development company in 40 % of the cases

To the real estate problem one adds that the financial institutions do not allow to the housing buyers to be replaced to the mortgage loans of the promoters in close to 40 % of the cases.

The real estate agencies are complaining of that the banking not to allow to finish the sales that they agree because credits are not granted to the clients. The banking prevents the buyers from being replaced to the mortgage of the property development company in 40 % of the cases, as they informed from the real estate agency That He Affirms.

The spokesman of the real estate agency has indicated that the price of the housing has already had a descent of 30 % especially on the coast. From the real estate agency they believe that the real estate market is going to touch fund the present year.

The daily valuation of the Euríbor is located below 5 %

The Euríbor to twelve months, index to which there is indexed a big part of the lowest-mortgages-today.com Home | Sitemap | Contact us that are granted in Spain, has been located in daily valuation below 5 % (specifically in 4,986 %), The descent has taken place only one day after the president of the BCE, Jean Claude Trichet, was showing the possibility of a descent of interest rates next November 6.

After the announcement, the index Euríbor decrease for the thirteenth day in a row, placing his daily valuation in his lowest level from May 14, when it reached the valuation of 4,971 %.

The monthly valuation, when only a few days stay so that it finishes the month, is already fixed in 5,298 %, with what of ending this way the month he is going to suppose descent with regard to the last four months, and it would return at levels next to which it had in May. In May, the Euríbor closed in 4,994 %.

In spite of the descents, the Euríbor continues in valuations much raised with regard to the official types of interest (3,75 %) and as regards last year, therefore the mortgages clients will be still late in noticing in his mortgages the fall of the indicator.

Nevertheless, the Euríbor might keep on cutting positions away if the European Central Bank (BCE) decides to cut again the types away in his next meeting, as there allowed yesterday to make out the president of the BCE, Jean Claude Trichet, and if the measurements of the international governments keep on drawing on the market.

The mortgages in yenes against the ropes

Today there are different the digital means that treat the topic of the mortgages in yenes:

The drama of the mortgages in yenes: they pay more 30 % … and if they change currency it is worse

What do I do with my mortgage multicurrencies?

There are great those who some time ago were interested by the mortgages by currencies, one touch the topic in practically all the means, the pros and the contras talked each other in detail, the high risk was evident and I indicate clearly that the mortgage loans in currencies were speaking theoretically to persons of upper intermediate and high revenues with financial knowledge and aptitude to evaluate the risks.

Many consumers thinking that they were meeting a bargain chose for the system of financing of mortgage in yenes but in the last weeks a fall is observed to lead of the euro opposite to the dollar and especially opposite to the yen.

Now the situation has been invested, of happening to pay a few quotas significantly low it has passed to a suffocating increase which end is not appreciated in a nearby horizon.

The principal problem is that there does not exist right now a solution that it does not provoke lost, in these moments the change to another currency would bear considerable losses.

The solution happens, according to expert analysts, in supporting the calmness and trusting in the recovery of euro. It is easy to say it but …

Cajastur offers two years of lack in his mortgage loans to clients with economic difficulties

Another bank adapting itself to his clients in crisis times, Cajastur has just agreed to offer to his mortgages clients a measurement so that they could relieve his economic problems motivated by the bad situation of the employment, by means of the application of a period of capital lack and interests for two years.

The clients will be able to have of two years without the payment of the levels of his mortgage loan, with this step the entity tries to facilitate that his client could confront his economic problems and of loss of income for the labor and economic situation.

According to the Cajastur information, the mortgage amortization of the loan remains interrupted for 24 months and the pay-off period of the mortgage will increase for an equal period to that of the period of lack. The half-full one is destined for those clients of Cajastur who are provided with a free mortgage on habitual housing and they had domiciled his payroll and principal income.

He mortgages Relaxation Premium de LooK and Find

 

The well-known network of real estate agencies LooK and Find, it has presented the Mortgage Relaxation Premium, a financial product that is going to try to cover the demand of the consumers before the current situation of the market and the continuous fluctuations of the interest rates.

A mortgage that there can go so far as to cover 100 % of the appraisal of the housing

The new mortgage loan offers to the consumer a constant quota in his mortgage of up to 30 years. Always without changes in the interest rate.

On the other hand, the Mortgage Relaxation Premium, to answer to the financial straits for the families, offers up to 100 % of the amount of appraisal of the housing with a pay-off period of up to 40 years. Incredible that in the current times beech a mortgage that vubra 100 % of the appraisal.

The mortgage Relaxation Premium multiplies by 6 the years of pre-established fixed quota, guaranteeing to the client the quota that he will pay during a maximum of 30 years. Thus in the annual reviews, if the interest rate goes down, in every monthly quota the client will amortize more cardinal and will pay less interests. On the contrary, if the interest rate rises, the amortization will be minor and more interests will be paid.

The biggest fall of the euribor takes place from January

The plan of financial rescue of the area Euro and the recent thunderstorms in the bag, have been the explosive so that the biggest descent of the euribor takes place from January 22. The bassoon has spread also of the euribor to three months.

This weekly beginning will propitiate light relaxation doses to the investors in bag. The interbank market gives a small happiness to the mortgaged ones.

The euribor to twelve months, used for the calculation of mortgage loans, has accelerated his correction to be located in 5,425 %, from 5,489 % of last Friday.

The answer has been the biggest descent of the euribor to twelve months (0,064 points) from January 22, just the day later to the historical collapse of the bags, of 7,5 % in the Ibex, which turned, until the last Friday, into the biggest daily descent of the Spanish selective index. Then, the indicator of reference to the mortgages went down 4,381 % to 4,305 %.

Route Expansion

The euribor borders on its own record again

The Euribor has done dull ears to the interest rate descent.

It remains clear that a clear suspicion still exists in the financial system and the index of reference to the mortgage loans has increased up to being located tacking of his previous historical record.

The agreement reached recently in order to reduce simultaneously the interest rates in the principal world economies, except in the Japanese Japanese economy, has not had the effect wished on the interbank markets.

This bad result has not surprised the analysts. It is necessary only to verify that in spite of the recent one of them lowered of types of the BCE, the euribor to three months was coming of chaining 18 days followed by incremmentos. Today, with the mediation of the central banks, it has become possible to avoid the descent and the historical maxima have recured reached yesterday, 5,393 %.

The clipping of half a point in the interest rates in the euroarea, up to 3,75 %, not only has not parked the climb of the euribor to twelve months. The increases have received force, and the daily change of the indicator of reference to the mortgages has promoted today 5,512 %, from 5,486 % registered yesterday. This upturn places it again at the edge of his historical maxima, 5,526 % marked on October 2, just before last Thursday the BCE was recognizing his predisposition to lower the types.

The analysts were predicting that more measurements are necessary so that the differential becomes stable between the euribor and the price of the money, which is extended today to 1,762 points.

Route: Expansion

Box Duero facilitates the amortization of the mortgage loans

Box Duero has just announced That the creation of a commercial proposal called ‘Solution Breathed’ with the one that will extend his solutions to confront better the amortization of the mortgage loans. The proposal gives the possibility of a plan of payments according to the economic situation of every family as a result of the crisis and the current conjuncture of the interest rates.

The banking institution will offer two possible routes: on the one hand the free enlargement of the term of the mortgage, up to a maximum of 10 years on the current term of the same one, or the insertion of a capital lack for a maximum of two years that can go accompanied by an enlargement of the term of the mortgage of identical duration to that of the introduced lack.

The consumers who pordrán to be of benefit of these measurements are natural persons, holders of mortgages for the construction, rehabilitation or acquisition of a habitual housing.

It is important to highlight that so much in case of the pay-off period enlargement how in the insertion of a capital lack no bank commission will recover he will not suppose for the client any notarial expense not registral either.

Box Duero guaranteed as well as both formulae are exempt from the tax of documented juridical acts so that “any subsequent cost of agency of this enlargement will be assumed by the box, so that the enlargement turns out to be completely free for the client”.

Route: Europe Press

The euribor begins in October with record beating for the first time 5,5 %

The last difficulties on the interbank market, increased by the last events of rescues of European banks with public money poporcionado for the taxpayers, move to the pocket of the emaciated one, and threaten to stop firmly this month with the most expensive mortgage loans of the history.

The index euribor to one year begins In October establishing a new daily historical record, on having exceeded for the first time the level of 5,5 %. If this level survives until the 31st, the medium month's characteristic of the Euribor, with which there are updated most of the mortgage loans to variable type, will stop October as the month with the most expensive mortgages of the history, a record that almost the pasodo September manages to beat.

The acaba of rising up to 5,505 %, opposite to 5,495 % with which I finish in September. This new maximum takes place after the September medium month's characteristic was located in 5,383 %, to scarce thousandth of the historical record registered in July, when the average reached 5,393 %.

With the September advance, the holder of a mortgage comes up (to the value of 140.402 euros, to 25 years of term and that pays a differential of 0,5 % on euribor), that checks his quota (5,383 %), will have to confront a monthly payment for 894,6 euros, what supposes an increase for 55,31 euros with regard to the quota that he has been paying from September, 2007. After the year, the holder of this average mortgage will have paid 663,72 more euros.

With the record of the euribor situadi in July (it reached then 5,393 %), the average mortgage got dearer in 69,43 euros a month, what he supposed, for that the remink of his mortgage was touching them with the information of this month, a monthly quota for 895,45 euros and an additional payment for 833,16 euros a year.

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