Month: November 2019

What is the reverse mortgage?

by Sara Watson
There has already been a lot of controversy around the reverse mortgage. Discussions are conducted on internet forums or in the press. What is the reverse mortgage really about and can it be beneficial? In an inverted mortgage, the bank pays (once or in installments) to the consumer a benefit for “giving away” the consumer good – usually for the waiver of rights to an apartment, house or building plot. List of online loans in the largest financial statement.

How does it look in practice?

How does it look in practice? The client rewrites the rights to housing on the bank. Of course, he can still live in this apartment – in fact it is his for the rest of his life. The bank pays the remuneration specified in the contract to the client every month. When the customer dies, all saved assets become automatically the property of the bank. So the bank can sell the flat. Reverse mortgage is primarily dedicated to older people, pensioners, who can thus improve their home budget. As you can see, the bank undertakes to pay a monthly “salary” in exchange for the possibility of taking over the apartment after the death of the client. Adapt a loan without a loan to your expectations. The amount of the bank benefit depends, of course, on the value of the good – you can count on a house offering a house than a 2-room flat. Either way, the customer can count on the fact that he will have an additional cash injection for the rest of his life (it is also possible to pay the whole amount at once). There are voices that banks are preying on their clients’ misfortunes and taking advantage of their difficult situation. In most cases, banks repay approximately 30-40% of the property value before the client dies. What a free loan for the first time looks like. This means that after selling the apartments, they do not achieve low profit (approx. 60%). On the other hand, however, customers know what an inverted mortgage is and make such a decision for reasons known to them. A reverse mortgage gives them peace and security that they will be able to afford their daily needs and will be able to live in their home for the rest of their lives.

They certainly gain mental comfort on such a solution

They certainly gain mental comfort on such a solution Many people are appalled that a client’s apartment should be available to his family after his death. Check the payday rankings on the wallet website. But what about childless people or those who do not have good relations with loved ones? In addition, sometimes an inverted mortgage is the only solution for the poor or the sick (the need to buy expensive medicines). The bank cannot “expel” the client from the apartment and must pay him regularly – so the client’s interests are secured.

Who can apply for an inverted mortgage?

Who can apply for an inverted mortgage? By law, this financial instrument is available to owners and co-owners of real estate or the cooperative ownership right to premises or the right to perpetual usufruct of land, regardless of age. In practice, banks grant such loans primarily to persons over 60 years of age. A person using a reverse mortgage must:
  • keep the property in good condition,
  • pay real estate fees and taxes,
  • insure the property against random events.
Determining whether an inverted mortgage is beneficial requires a thorough analysis of the individual situation of the individual.

Consumption: facing the agios, credit is your friend!

by Sara Watson
When you are overdrawn on your bank account, the threat takes the form of agios. These are the interests which are collected by the bank when you are no longer in credit and therefore you borrow with each new withdrawal. This can quickly become a hellish spiral, since the more the discovery becomes deeper the more the agios accumulate and increase. Here are some tips to avoid going into debt.

Do you know your overdraft procedures?

Do you know your overdraft procedures? When you open a checking account in a bank, you can request an authorized and free overdraft from your advisor. This allows people who sometimes have difficult ends of the month to avoid rejection fees when paying by card or to pay agios provided that the overdraft is quickly filled. The amount of overdraft authorized and the duration of it vary depending on the institution and your financial conditions. It is nevertheless possible to renegotiate it, especially if it is the first time that you are going into the red.

Check your bank account daily

Check your bank account daily If you check your bank account every 36 of the month, you may have a bad surprise! Regularly consulting your account and adjusting your expenses according to the amount therein avoids sinking into overdraft… Furthermore, it is now possible and recommended to subscribe to an option that will allow you to ” be notified by your banker (e) if you arrive below a certain threshold. In this, mobile apps from banking establishments are essential!

Take out an emergency credit

Take out an emergency credit Health problem, urgent repair of your vehicle, purchase of a new household appliance… There are many reasons for having to take out a large sum of money at a time T. In order not to end up with paying agios, you must quickly notify your bank which will offer a solution in most cases. In addition, it is possible for you to take out a consumer credit – less expensive than the agios – which will allow you to keep you afloat for a while, by smoothing the reimbursement of the amount over several months. Find your consumer loan at the best rate, it’s easy and free!

A loan for 3 months. When should you reach for it?

by Sara Watson
For some people, loans are a way to finance unforeseen expenses that may arise in different circumstances, for others - the opportunity to make small dreams come true. Choosing the right loan that will meet our expectations may not be obvious. We have different variants of loan offers, which may concern both the amount and the repayment date. Today we will look at a loan for 3 months.

3-month loan - a convenient repayment date for everyone

3-month loan - a convenient repayment date for everyone A loan with a possibility of repayment within 3 months is an ideal solution for people who need to borrow a larger amount that they will not be able to repay with one month's salary. If you are waiting for an expensive purchase of a new household appliance, renovation of the bathroom, payment for a course or study of the child, a 90-day loan can be a convenient solution for you without the risk that you will not be able to pay it back on time - spreading payments in installments will not be so burdensome for your home budget.

If the employer is late with the payment - a loan for 90 days will allow you to get a living

Sometimes it happens that the employer for various reasons cannot pay us remuneration on time. Although this phenomenon is not very common for people employed under an employment contract, many people work on the basis of contracts or other forms of contract, based on which the payment of wages depends on other factors, such as the end of the project - often with a problem this is what freelancers are facing. Therefore, having the opportunity to take out a loan for 90 days, any delay in receiving the remuneration on your account is no longer so stressful.

Make small dreams come true with a 90-day loan

Make small dreams come true with a 90-day loan A 3-month loan is not just a way to deal with emergencies. Thanks to it, you can finance your little dreams when we get an opportunity not to refuse. It can be a trip for an unforgettable vacation, taking advantage of the parachute course, which will allow us to make our first independent jump or buy a gadget that has long been the subject of our desire. These types of goals can be quite expensive and we can't always be prepared for them in the least expected moment. With a 90-day loan repayment, your dream will become available at your fingertips.

What to remember when using a 3-month loan

What to remember when using a 3-month loan As with any loan, this one taken for three months should be well thought out. Always keep in mind whether you will be able to repay the entire amount within the set time limit and do not be tempted to increase the loan amount if there is a shadow of the risk that you may have a problem settling the liability. At Good Finance, we offer convenient 3-month online loans. Just go to the main page, select the loan amount and mark the repayment deadline for 3 months by slider below. Then, submit your application online and wait for the loan decision once all formalities have been completed. If it is positive, the money will go to your account the same day. A 3-month loan online at Good Finance can be a good choice in many situations. The availability of the service and the possibility of applying for a loan completely online, without leaving your home, is certainly a strong advantage that distinguishes this offer from others offered in stationary establishments.

Debt restructuring of construction loans

by Sara Watson
In the case of a rescheduling, the existing construction loan is compensated by a new loan. If you are interested in a rescheduling, it is advisable for consumers to receive different loan offers from different providers. In the case of a construction loan, the interest rate is set for a specific period. If current mortgage rates are significantly more attractive than the interest rates at the end of the existing construction loan, fast credit redistribution can save a lot of money. Regardless of how long your fixed interest period was chosen at the end of the construction loan:

Where to get a loan?

Where to get a loan? Where do you get a loan for the debt restructuring of construction loans, even if the creditworthiness is bad or the creditworthiness is unfavorable? Why do you have a headache when rescheduling construction loans? In fact, there are many desirable and necessary things such as vacation travel, mobile phone, car or any necessary repairs, all of which are not available free of charge. So you intend to take a loan? However, your main problem is that you have a bad credit bureau or poor credit rating and only irregular or low wages, salaries, pensions, education allowances or unemployment benefits? With the following tips, you can get relatively easy to cheap loans and not fall into expensive credit trap to reschedule construction loans. Where do you get a loan for the debt restructuring of construction loans, even if the creditworthiness is bad or the creditworthiness is unfavorable? However, for many it is not possible to ask relatives or acquaintances for a “rescheduling of home loans”. An entry in the list of credit bureaus or insufficient creditworthiness makes it difficult to apply for a loan from your bank, the creditworthiness is correct and on the other hand, there can be no entry in the list of credit bureaus. What some people do not know – even without credit bureau information or a lack of creditworthiness, you can find a loan. A large number of renowned credit institutions are geared to raising loans from foreign financial institutions for creditworthy or creditworthy companies. The principal activity of an intermediary is, in principle, to assist you in finding a suitable loan. Many intermediaries have good business relationships with small and less well-known financial institutions, which offers the opportunity to achieve extremely favorable conditions for the restructuring of construction loans. The credit check is then less important than with a large bank, where lending is usually automatic. Addressing such a loan application to an ordinary house bank for the rescheduling of a construction loan would not succeed with almost 100% certainty. The two intermediaries focused in particular on issues such as the rescheduling of mortgages. First, the restructuring of construction loans always involves a respected intermediary in your interests. One recognizes a dubious intermediary on the following: Whether for a new car, a longer journey, a fresh mobile phone or the initial capital for the entry into the self-employment – loans from foreign credit institutions are no longer a financing option, you have to keep your fingers crossed. In addition to the usual route to the corner bank, consumers now also have the option of making loans from foreign banks on demand via the network. A bad creditworthiness or a bad entry into the credit bureau plays therefore only a subordinate function with the rescheduling of mortgage lending. In general, the Swiss credit institutions grant loans via the intranet. It is precisely these people who find it extremely difficult to obtain a loan for the restructuring of home loans. Private individuals with financial problems often have no opportunity to receive a loan. People with a debt or a lack of creditworthiness are those who think fast enough about capital. This is a loan from a Swiss bank. The search in the credit bureau is generally not carried out by such institutions, which makes it much easier to obtain credit. This is an invaluable asset in the rescheduling of mortgages. Of course, it is not possible to get a loan without a credit check and various income and securities certificates, even from Swiss institutions. If you have only a negative credit bureau problem, but your credit rating is still in order, the Swiss debt restructuring loan would be a real possibility.

What should be taken into account when rescheduling construction loans?

What should be taken into account when rescheduling construction loans? It is much easier for you if you have enough funds from your salary for other important things. If the loan is sufficiently flexible, you will be much less likely to run into problems if you repay it. If an investment involves all these aspects, then it is one hundred percent recommended for the rescheduling of construction loans. Make sure, however, that your credit as unemployed, employee, trainee, pensioner, student or self-employed person stands in the way: In principle, the principle must be observed: The need for funds must be determined as accurately as possible in the planning phase for the rescheduling of construction loans. Therefore, it is advisable not to raise more funds than necessary. It is better to balance the over-calculated demand with follow-up financing in the form of follow-up or additional financing. In particular, this does not concern the issue of debt restructuring of construction loans. For example, it is a valuable support to specify all issues on time each calendar week: How much effort is spent per day for what purpose? It is important that you are accurate, careful and completely honest about all information about your own financial condition and creditworthiness – especially when it comes to debt restructuring of construction loans, all information about your creditworthiness and your own financial condition must be correct, honest and truthful. Anyone who gives the house bank the impression of a reliable business partner by following the mentioned criteria should always realize this with the loan and subsequently with the rescheduling of construction loans.