Prometheus is a credit brokerage company in Italy, broker between banks, financial and potential customers. Founded in 1985, has seen the opening of branches in the North first, then the rest of Italy.
In 1998 was born in San Paolo, Brazil, the “Prometeu do Brasil Ltda.” In 2002, Prometheus creates a new brand, Progresso, in order to facilitate the foreigners residing in Italy to obtain loans and personal loans.
Aware that buying a property without the aid of a grant is now difficult, Prometheus has published a guide on the Internet in order to help those who must buy the house, explaining the meaning of technical terms and clauses. It can be downloaded for free help on your computer.
Prometheus and Minortasso offer a web service really useful for those looking for a mortgage. Minortasso Ltd. is a company based on a new concept of service to Internet surfers who are interested in obtaining a loan or a mortgage. The idea is to assist potential clients in a tender auction, offering the best “product” (or mortgage financing). Prometeo with Minortasso, then, that after you enter your name and sent the request, auction starts at the bottom. Within a few days you will receive, again by e-mail, a number of proposals from different banks.
admin Mortgages Minortasso, Prometheus, rod downward
The legislation provides for the existence of loans to medium or long duration. There are mortgages from 5, 10, 15, 20 years, and if necessary, by 25 or 30 years and even 40. The most frequently requested loan is for the purchase of a property and often the youth of today are forced to take out loan duration of 30 to 40 years for buying a first home.
A loan of 30 years brings advantages by distributing the cost over a much longer period, the rate is not prohibitively expensive, but at the expense of interest paid but are, in any case, lower interest rate you would pay when it is decided instead to opt for a formula for a loan 40 years.
A 30-year mortgage offers a rate of interest lower than those of a loan that lasts 40 years. However it is good to evaluate the real interest at the end of an amortization schedule (APR) to find out if the interest you pay at the end are acceptable or excessive.
It should also be noted that during 40 years of mutual interest are higher: the loan is repaid after a longer period, however, share capital (ie the mere return of debt – the amount of the installment to which were subtracted interests ) are lower because the debt dilution in several installments.
admin Mortgages debt repayment, depreciation, interest, loan principal, rate
110mila are about families with problems of insolvency for the expensive loans, 420mila are those in difficulty to an audience of about 530mila families, said the chairman of this year Antitrust.
This is not the best time to take out a loan, yet resistant to infection of the crisis of subprime loans (compounded, for Europeans, a system of interest rates moderately high), the loan in the short term, turned over 10 years.
It is not so easy to succeed in obtaining a bank loan repayable in ten years; lenders do not grant loans with rates that exceed 30% of monthly income. So, asking to be paid 100 thousand Euros in 10 years, you can get with a salary of at least 3 thousand Euros net per month. You pay less interest on installment, the loan is repaid quickly, but the rate is very high because of the share capital (debt without interest) to be significant.
However, according to the readings of MutuiOnline.it Observatory, disbursements of this type of financing have reached 9.2% of the total compared to 8% at the end of 2007. It seems a modest figure compared to the loans to be repaid in 30-40 years they represent, instead, the 34.9% of the total. But this positive change indicates that more and more Italians now prefer repayment plans shorter.
admin Mortgages loan, share capital, short-term loans
If you decide to buy the house now, often makes use of a loan. The granting of this mortgage the property will be entered purchased.
This mortgage is alleged by the bank as security for any default or problem should arise. The type of mortgage that you subscribe to is called voluntary because it is the purchaser who will request for the issuance of the loan by the bank.
The mortgage loan is a public act, must be signed in the presence of a notary. The notary is useful to draw up the contract, save in public records, enter the mortgage and verify that this registration has taken place regularly. Registration of mortgage inscriptions on buildings is held by the Real Estate Registry Conservatories who is interested in whose territory the property is located.
You pay all installments of the mortgage loan will expire automatically or need to go to the notary? The mortgage is an accessory in the sense that if the debt or missing ends, the mortgage has no reason to be and ceases to exist. It automatically expires after 30 days from the payment of last installment. May be renewed in the event that at maturity the debt is extinguished.
Registration of mortgage has an additional cost that should be added that the investigation initiated by the bank for the practice of the loan.
admin Mortgages home mortgage, mortgage, registration all'ipoteca