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Archive for May, 2009

Mortgage Loan Annuities with Mutuionline

May 27th, 2009

According to careful research I found the product offered by Mutuionline, called mortgage loan annuity to those over 65 years.

It is nothing but a long-term financing secured by a first mortgage (i.e. no other formalities need to be on the house) on home ownership, reserved for individuals who have reached 65 years of age.

The amount of funding goes from 32.000 to 350,000 Euros, and depends. Age of the applicant and the value of the house given as security: the greater the value of the dwelling and the higher the age, the greater will be the amount that you get with the mortgage loan annuity.

The funding is designed so that it never made any payment: the mortgage loan annuity does not require reimbursement of any kind, in fact, not even for the interest during the life of its holder. Any interest and annual expenses are added annually, and the total debt will be repaid at once by the heirs.

With the loan annuity, you can:

help their children buy a house;
off the thought of monthly installments tied to mortgages or financing;
Live peacefully integrating retirement.

In the case of spouses or partners to finance contestant and will be refunded only after the disappearance of the longest of the two contestant. If the heirs are interested in maintaining ownership of the house will pay back what is due to cover the loan and leave the house by the mortgage, or may sell the home and repay the loan with the proceeds of the sale.
Home ownership remains for his family.

If, during the years the property value continues to increase (as happened in the past), you can still count on a substantial figure of money even after they have repaid the loan. In the event that the debt would go up rather than the value of the house, the amount due by the heirs will not engage in ‘but in no case be higher than the realizable value of the dwelling.

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Posted in Mortgages

Tags: loan loans Mortgages

Mutual dependence INPDAP

May 19th, 2009

INPDAP i.e. National Welfare Institution for public employees, thanks to agreements with finance companies and banks, allows employees and pensioners of the Institute, but also their families, to enter into mortgages with rates and conditions facilitated.

Employees or retirees INPDAP must forward the application directly from the borrower to the bank or finance company, which then will the development of the amortization schedule over the Internet by accessing the system of payment of pensions through the functions that the INPDAP is taking steps to develop.

With the agreements signed by INPDAP is thus possible to conclude with banks and finance companies the mortgage rate fixed and variable rate. Pending the finalization and completion of procedures, the National Welfare Institution for public employees that retired INPDAP notes must be issued at the premises of competence, certification on the share of pension transferable on the granting of the mortgage or loan. Retirees from other operations, then, should likewise be issuing the certification at the social security institution which pays the fees.

Employees in service INPDAP will instead require certification from the administration which they belong.

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Posted in Mortgages

Interest rates on loans to Ascent Media-long term

May 8th, 2009

The surprise, compared to the general trend of interest rates, it appears from the Statistical Supplement to the Bulletin of the Bank of Italy. The average rate for loans over ten years turned to February rose to 5.13% from 5.1% on average in January.

The figure contrasts sharply with the other indicators.

The APR rate (including the cost of inquiries, administrative and insurance) is in fact fallen to 4.69% from 4.91% recorded in January. Meanwhile, even the minimum records for interbank rates: Euribor three months, which is indexed to the calculation of loans for the purchase of a house, touches new low of 1, 466%, after that of 1.479% posted last Friday. Euribor week haul from 0.947% to 0.923%. Euribor six months retreats 1, 644% from the previous least 1, 653%.