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Posts Tagged ‘loans’

Naples, soft loans for housing projects abandoned

August 16th, 2009

Abi and the municipal authorities of Naples have established an agreement through which popular properties will be decommissioned in 1563 and sold to the public with soft loans from the following features:

Rate to 2.45%;
Mortgage up to 80% of property value;
20 years duration;

We hope this measure solves the uncomfortable situation of many Neapolitan families, especially after the economic crisis last year.

Congratulations to the municipality for making these agreements with the Banking Association.
I leave the statements of the mayor:

“This job of streamlining and clarity of the steps will help you get more directly to citizens and improve the offer – said the mayor of Naples, Rosa Iervolino – we always believe that our mandate should be to ensure the home: is true that this contrasts with the cash needs of the City, but never send anyone in the street if regularly occupies a building and is in no position to buy it. “

“We were able to clarify and foremost to increase the number of member banks – said the commissioner Marcello D’Aponte – we are sure that these rates and with the collaboration of ABI, the public will respond positively.”

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Posted in loans

Tags: loans

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

730 and New Deductions

January 4th, 2009

The innovations introduced by the 2008 Budget by the operation in summer (DL 112/08) and Decree anti-crisis.

Here are the main:

It was confirmed by 19% deduction on expenses incurred for a total amount not exceeding 632 per year to child.
Sport. The confirmation of the deduction, up to 210 Euros per child, the cost of annual membership and subscription to sports clubs, gyms, swimming pools and sports facilities for children aged 5 to 18 years.
Resident students. The deduction of 19% – on spending up to 2633 Euros – which is true about renting accommodations and award contracts with the entities. The university must be a minimum 100 kilometers from the town of residence of the student.
Appliances. Also applies to 2008, the deduction of 20% for the replacement of old refrigerators and freezers with more energy not less than Class A +. The maximum deduction is 200 Euros per unit, including costs of destruction. The purchase must be documented by invoice or receipt speaker.
Mortgages. Rises to 4 thousand euro discount on interest paid for loans first home, even in the case of co-ownership. Who settled the old mortgage and has kindled a new one, even at another bank, continues to benefit from the deduction. For loans for the construction or renovation, always the first house, we deduct up to 2582.28 Euros in interest expense. The contract must be concluded within 6 months prior to the start of work in the 18 or thereafter.
Restructuring home. Were extended the deduction of 55% to energy regeneration: the taxpayer can choose the number of rate – 3 to 10 – on which to depart, and the bonus of 36% on restructuring whose cost does not exceed the limit of 48,000 Euros.