Redeeming real estate credit and consumption: obtain a rate of 1.60%

Today we are offering the best rates in the real estate and consumer loan repurchase market. How to benefit from an interest rate of 1.60% for the consumer credit and mortgage? Discover through this article our offer to restructure loans immo conso!

Purchase of consumer credit

Purchase of consumer credit

First of all, what exactly is the repurchase of credit conso? The repurchase of real estate credit and consumption is a operation which consists of restructuring capital remaining due from real estate loans and consumer credit to ultimately benefit from a single fixed rate. A loan consolidation offer for proprietary borrower profiles. Having the desire to smooth their line (s) of credit (s) real estate (s) with the credits to the consumption.

So making a real estate and consumer credit redemption reduces the total cost of borrowing interest. An operation that makes considerable savings! The new loan is a mortgage loan. Unlike the security deposit, the mortgage fees are not refunded. However, the gain on the transaction clearly amortized the mortgage fees, as well as the ancillary costs (bank and brokerage file). The proposed rates are fixed rates expressed in conventional nominal rates.

Redeeming real estate credit and consumption: get the best rate!

Redeeming real estate credit and consumption: get the best rate!

How to get the best rate of repurchase of mortgage and consumption? In order to benefit from the most attractive interest rate, ie the best renegotiation offer for loans, certain acceptance criteria must be met. First, as stated in the above paragraph, you must own at least one property. Plan must present a share of real estate credit to be repurchased greater than sixty percent. A non-derogable rule for the eligible for the real estate regime (LS2) and not for that of consumer credit (LCC).

The customer record (s) must show no trace of bank charge rejection when analyzing statements of accounts. All SEPA direct debits signed during a contract of any kind must be honored.

It should be known that the presence of rejection of samples is not a reason for refusal. This as long as they do not exceed 6 maximum rejections over the three months studied.

However, the presence of levy offs impacts the interest rate by 0.05% to 0.25%. The debt ratio, ie after operation is limited to 35% insurance included.

So, be aware that a cash envelope not allocated to a specific expense can be financed. Its amount must not exceed 15% of the amount financed, and limited to 20 000 €.

Take advantage of our offer at the best rate of repurchase of mortgage and consumption at 1.60% for any duration less than or equal to 180 months (15 years). For the amortization period of 180 months to 225 months (25 years) the best credit surrender rate is 1.95%. Beyond 25 years, the nominal nominal rate is 2.55% up to 420 months (35 years). Interest rates never equaled in terms of repurchase of real estate credit bundled with consumer credit!

Also discover the service info on everything you need to know before borrowing a mortgage

How to save with a salary of € 1000.

We are all aware of the importance of saving. However, today most of the Spaniards have to spend every month with an unstable soil that does not even usually reach € 1000 per month. This has led us to wonder if it is possible to save with this type of salary.

According to experts, it can be achieved. Through the hands of those mileurist citizens, they will spend approximately € 500,000 throughout their working life at current prices. According to experts, if about € 15,000 of that total, you can get a net worth of another € 500,000 at the end of our work phase. Would you like to know how to do it? In that case you have reached the right place.

From Point Credit we will give you the best keys and tips so you know how to save with a salary of € 1000 per month. Go for it!

Set clear goals

Set clear goals

It’s no use saving if we don’t know what we’re doing for. Do we want money for retirement? Do you want to save to pay for our children’s education? Do we want to settle the mortgage?

Setting goals is essential to make a profit. For that reason we must be able to set realistic goals that can be adjusted over the years. The trick is to get a positive difference between income and expenses. And there are only two ways to achieve it:

  • Increase revenue
  • Decrease expenses

Each individual must be aware of their possibilities and how to achieve their goal.

Always save

Always save

We have to understand savings as an important expense in our economy. As a general rule, people only save what is not spent per month. However, saving has to be understood as another expense that we have to face each month.

In order to achieve this goal, nothing better than dividing expenses by:

  • Those that are necessary, such as the mortgage, electricity bills, food, water, communications and so on. Considering savings as a necessary expense each month is a good trick to get a positive balance month by month.
  • Those expenses that are not necessary but improve our quality of life, such as going out to dinner, having breakfast outside.
  • Superfluous expenses, such as the telephone rate with all channels and high-speed fiber or the extra gym fee to be able to go at all hours.

The simplest to save is to start by eliminating expenses that are considered superfluous. You have to know what to give up to be able to reach the end of the month without credit and with a positive income. If controlling our expenses is difficult because we do not earn enough to cover what is necessary, we must consider looking for an alternative source of income.

Leave some of our money to create an emergency fund

Leave some of our money to create an emergency fund

In order to save, it is necessary to know what we spend the money on each time and divide it into items. As a general rule, these items must be divided as follows:

  • Dedicate 50 percent of our capital to the necessary expenses.
  • Dedicate 30 percent of our capital to personal expenses.
  • Dedicate 20 percent of our capital to savings.

According to experts, it is not enough to create an emergency fund to cover the contingencies that arise over time. It is best to accumulate approximately two or three salaries for this purpose.

Guide to know the loans in banking

Last week we began to address the first five questions about personal loans and today we continue with more information on the subject.

How is the interest on a personal loan calculated?

How is the interest on a personal loan calculated?

The interest on each loan, depending on whether it is fixed or variable, is calculated from the total balance of its debt and is divided into the total days of the duration of the loan. Therefore, since not every month has the same number of days, it is possible that some months change the amount of interest we must pay.

What happens if I want to pay off my loan before the end of the agreed term?

What happens if I want to pay off my loan before the end of the agreed term?

Depending on the conditions of the financial institution, we will probably have to pay a fee if we decide to pay off the personal loan before the agreed months. Normally, this fee usually covers the loss of benefits that the lender will have when the borrower pays the amount early.

How can I calculate the amount of monthly payments?

How can I calculate the amount of monthly payments?

Our monthly installment will be related to different aspects: the total amount of money requested, the number of months in which we will return them, the interest rate contracted, other variable charges … Depending on the type of interest we choose, as we saw last week, We can foresee what monthly amount we will have to pay in each payment.

If a month I cannot cope with the payment of the fee, what happens?

If a month I cannot cope with the payment of the fee, what happens?

It may happen that a certain month we cannot pay the payment of our loan. If we are in this situation, we must take into account that we will have to pay the payment of the late receipt as soon as possible, since a commission is usually charged for late payment, as well as a larger amount of debt that accrues interest. If we anticipate that we can find ourselves in such a situation, it is best to try to talk with the lender to reach an agreement before we get an unpleasant surprise.

How to improve your next income statement.

 

What to do to improve the results of your next income statement

Do not forget the deduction for the purchase of housing

If you bought your home before January 1, 2013 you can benefit from this deduction. You can deduct 15% of the amount per year up to a maximum of € 9,040. In total we talk about more than € 13,000 of relief.

Sell ​​a first home in exchange for another

Sell ​​a first home in exchange for another

If during this year you have sold your first home with expectations of buying another one to replace it, you can block the municipal capital gain for a maximum of two years. During this period you must have bought the new home or you will have to pay the profits resulting from the sale.

If you are over 65 or dependent and have sold your first home

If you are over 65 or dependent and have sold your first home

Remember that, even if you do not buy another one within two years, you are exempt from taxing the profits obtained. In the case of Navarra this exemption is extended to 70 years on the first € 300,000 profit. In the Basque Country, the limit is € 400,000 in profits and 65 years of age. All for a single transmission.

From Hesta also remember that any profit obtained by a citizen over 65 years, and not exceeding € 240,000, is tax free. Provided that this amount is destined to create a life annuity within a maximum period of six months after obtaining the capital.

Make last-minute contributions to the pension plan

Make last-minute contributions to the pension plan

It is quite usual to make a contribution to the pension plan during the last months of the year to have less to pay. If this solution is chosen, it should not be forgotten that after the tax reform a maximum amount of € 8,000 can be provided per year. This amount must not exceed 30% of the income from economic activities.

Contributions by the taxpayer’s spouse have also been modified in the last tax reform. If you receive income for your economic activities below € 8,000, the contribution limit is € 2,500.

According to Hesta, an average investment of about € 6,200 to the pension plan represents an approximate saving of about € 1,500.

Aid for entrepreneurs

Aid for entrepreneurs

Since 2013, the Personal Income Tax Law establishes that business angels can be deducted up to 20% in the income statement. These deductions are aimed at those people (whether family, friends or strangers) who invest in the creation of new companies during the first three years of incorporation. They must also keep their participation for a minimum of three years.

If these requirements are met, they will obtain a 20% deduction in the personal income tax on the investment they have made. The maximum deductible is set at € 50,000. The participation of second-degree spouses and family members can never exceed 40% of the total capital of the company.

Likewise, a total exemption is offered when leaving the company in case of reinvesting this capital in a new company of recent creation.

Do not forget donations

Do not forget donations

It is important to keep the supporting documents that have been made during the year donations to non-profit organizations. From these donations, the taxpayer can deduct 75% of the first € 150 and 30% of the rest of the capital that has been donated.