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Protected

Ensuring Mortgage ? I see before me the question mark-shaped face of a customer who can not explain the because of such a proposal on my part Even if I had asked him to lend his new sports car to make a rally on the rocks of Corsica in a foggy day.
The question I raised is: "but how can a car of 5 years to ensure against theft, and not provide a mortgage that will take us on average for 30 years? "
There are different insurance packages on the market today are able to guarantee peace to the underwriter of the loan for the total duration of the mortgage. Citing a company of all, Systema calculator, a leader in the mortgage industry has created an insurance package, System Protection, which guarantees the customer a peace of mind for the duration of outstanding mortgage protecting them from various events ranging from death to loss of employment also protect the property from the same events as the classic but not limited to the outbreak and fire insurance policies. The policy Systema Protection has a cost such that affect the daily life of the family of about 50 cents. Every person who now faces a very delicate moment in the magic of the purchase of a home life should be prepared for those 50 cents are the price of peace.

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sub-prime mortgages?

now that the sub-prime mortgages are on everyone's lips, it seems proper to explain to my readers the meaning of this word
The sub-prime mortgages are loans or quality non-primary. That is granted to customers are set at high risk, which according to their characteristics (low income or a history of bankruptcy) are not eligible for normal credit market. The interest rate and fees charged by lenders are much higher than the average to compensate for the high level of risk. Many of these loans were securitized, that is transformed into debt and sold to institutional investors.
In the United States a growing number of people resorted to extreme forms of mortgage loans for buying a first home. After rising interest rates, many families are no longer able to repay these loans, with indirect effects on those who invested in these products, hence the credit crisis so-called sub-prime

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Choice Mortgage rate



The choice between fixed rate, floating rate or mixed rate be customized according to the characteristics of the subscriber. The rate or extent of the interests that will be applied to the sum to be repaid, is certainly one of the most important elements to consider before you choose the type of mortgage . With
the fixed rate (now personally do not recommend) the rate of interest agreed at the signing of the loan remains constant over time, regardless of any fluctuation of the market (ie the rate increases but also of any discounts). It is a type of rate appreciated by those who have a salary employee, as a protection from unpleasant surprises in the future, but also by those interested in a loan not exceed 10 anni.In this type of loan the rate is always at least 1 or 2 points higher than for products with variable rates. The variable rate is instead linked to the performance of certain financial ratios, national or international, also called parameters indexing the most common is the Euribor. Once you set the index to be taken as a reference the bank will apply a credit (the spread), a kind of profit margin for the financial institution that goes from 1 to 2% in more. variable mortgages start, as mentioned above, a lower initial rate than fixed mortgages, but they do not know the exact amount of the rate after the first , let alone know the true cost of the loan. The risk of having to pay more if interest rates rise, however, is offset by the advantage of paying less if interest rates fall. The mixed rate is a new type of rate that is very prevalent in recent years: in the initial phase of the loan provides a fixed rate which then turns into after a variable number of years (or vice versa, starting a "variable "transformed into a" fixed "). Some products that provide the transition from one type to another is decided dall'intestatario rate of funding rather than be automatic. In this way we can continue to maintain the type of rate selected at the beginning for many anni.La mixed rate formula to divide the risks to the inevitable changes in interest rates because it offers the opportunity to maintain or change the rate initially chosen according to the evolution of the rates themselves.