Little Real Estate

Bank loans are very convenient for home, as the bank gives you a sum of money to buy a property and you’re willing to bank on a monthly pay a specific sum of money per month during certain years to pay for bank credit. Usually interest rates are very low and on the other hand are very easy to pay for its flexibility in time.

But if you’re looking for a home loan to keep in mind to wait for the right time. That is, at certain times of the year, some banks, take a series of calls for appropriations of property. These calls are very beneficial, since the interest rate is even lower than their regular fare.

These calls have few requirements. Of course, that what the bank will have in mind is if you can pay for it. Another positive thing is that you can raise the salaries of the family by requiring one. According to the contributions of the family, may be the total amount of bank credit.

Usually the loan will be by 70% to 85% of total housing. Which provides an amazing solution to the time of acquiring the property.

But it is advisable to wait for calls from the bank loans, since they can finance your total housing or have low interest rates and great potential of a flexible payment.

This is a question that we are currently many cheaper mortgages really can only do that if we buy some of the houses foreclosed by banks, this is something we will discuss as some things are changing:

* For example, banks now offer more discounts in the interest rate the more products related contracts, which is already done all funded institutions in order to bind their clients to make the products that could be contracted to other entities.

* Now find financing for more than 80% of the purchase price of housing or appraisal is an impossible mission.

* The grace periods are getting longer now normal that extend up to two years, during which only pay interest.

We must be clear that today the banks and especially savings banks are more interested in capturing our money than give it, is something that we have seen in the control of bank deposits during which he offered a very high return and more if you brought your money from another entity. Read the rest of this entry →

We know that next year the credit is zero growth, according to the Bank of Spain, because banks and keep plugging the tap further funding to businesses, families and individuals. And that if financial markets do not give us another scare.

Doubts about Spain will affect the provision of credit.

The bank has to repay its own debt, deposits are not profitable, the interbank money is very costly and also have receivables.

On the other hand, investors digest the bubble in the brick has been absorbed in its entirety and believe that any more will be recapitalized institution in the coming months.

In short, not giving much room for loans.

At least, in other euro-zone countries the growth of private sector credit in October was a 1.4% annual rate.

The fear that was installed in the markets, begins to pressure Spain to its economic performance meets your expectations. In addition, the debt crisis is a serious threat to credit.

The experts predict that credit will not return to the same channel that in good times, levels of growth of 30%. Until about two years from the tap banking remain between light and shadow.

We must repeat again, as it was for years the property had all the credit they needed for their projects.

During these three years of crisis, the nut is given a twist, we turn off the tap of credit does not like anyone, but if it gets worse the more difficult conditions for funding to invest.

The latter term financial institutions have applied to developers, according to CB Richard Ellis.

The real estate consultancy said in a report that home loans in Spain have tougher criteria in relation to other European countries.

The data presented by CB Richard Ellis examines the variability in terms of commercial real estate loans of high quality in six European countries during the third quarter.

The report highlighted, after the credit rating downgrade in Spain, most banks have less ability to pay and the cost of money is higher …. consequently, the key terms in providing in Spain have become more stringent.

• Germany provided half to 150 million euros Estate
• Spain pays on average to 35 million euros Estate Read the rest of this entry →