The new mortgages in recent years.
If you buy a property to be allocated to the first house, Due to high expenditures to be incurred in addition to the purchase price including taxes and fees, currently at around 80% of the negotiations are concluded by the mortgage. With this methodology, paying installments for a period ranging from 10 years to be able to reach up to 30 years may pay the total price of the house.
the capital market and the banks grant loans to fixed rate type of variable rate or combination of both.
The first, which of course is always slightly higher than the variable, you know the flat rate for the agreed period.
The variable rate, currently the most used, the more economically advantageous than the first, can vary depending on financial performance.
the banks, allowing, in this case, to pay off its debt on the basis of the number of installments, installment amount variable, or with installment of a fixed amount, but in the latter case, varying the number of installments (ie compared to time of conclusion, it can pay off the debt a few months before or after the time initially agreed depending on financial performance). Further innovation, following the overall financial situation, as from 2009 there is the possibility to request the application rate was already in force in 2006, without dispute that the difference in interest payments due under the existing rates should be paid more in installments, after the deadline for the termination of the silent era. Even with the financial regulations
recent (year 2006), in the course of time the debt, you can renegotiate the debt (after delivery of five years) in the light of the financial market, or you can pay off the debt in advance, in both cases without having to pay any fee to the bank.
With the recent 2008 Budget, additional benefits have been issued for the loans awarded for the purchase of non-luxury housing intended for first home. Indeed, it was increased from € 4000.00 to 3615.20 the roof on which to calculate the maximum deduction of 19% of interest expenses and necessary (With a corresponding maximum deduction increased from € 687.00 to € 760.00). Please note that also deductible from income tax (income tax) 19% of fees paid to estate agents as a function of first home purchase, for a maximum of € 1.000,00.
Another major innovation for home loans, is that it was set up a solidarity fund for those more used to the first house, with a budget of € 10 000 per year, already included in the budget for the biennium 2008 to 2009. The borrower, for their critical financial needs can not meet the repayments may request a suspension for not more than twice during the execution the contract, but no later than eighteen months. In this case, the fund established shall pay the costs necessary to implement the bank procedures and expenses necessary for the improvement and amendment of the acts of suspension of payments. To access this benefit, the borrower must demonstrate that he is unable to pay the installments for which calls for the suspension is necessary for the implementation costs of the proceedings.
Moreover, the adoption in the last financial, the legislator pointed out some important points, aimed at encouraging the development and competitiveness of the financial market through the facilities of the legal transfer and mortgage of real estate on which it is useful their mortgages. In particular, it was clear that all the clauses that are void include charges for the borrower.
Source: http://www.ilgiornale.it
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