Loan And Mortgage Information

Braking the banks on loans to fixed rate

by admin on 26/02/09 at 10:47 pm

Federconsumari Adusbef requested an investigation to determine the nth behavior “unfair” by some banks to the detriment of millions of consumers. Many citizens, who wish to apply for financing with fixed rate, say that they feel “the bank no longer offers a fixed rate mortgage.”

In parallel, some banks have already changed or are changing the terms for loans at variable rates, with a minimum rate below which no drops.

- News of a few days ago, in a radio interview of “Radioanchio” between the director of the Abbot, G.pe Zadra and the consumer who is refused the opportunity to access a fixed-rate mortgage, answering Zadra other side: – “This is a temporary difficulty – he explained – this time in the Bank (but the speech was true in general) made it hard to understand what is the right rate for a twenty years’ assertion validated by the broker specializing in MutuoOnline, which says that with a low cost of money that will continue for a long time, banks are afraid of imbalance, so bring caution before signing a contract for a fixed rate loan.

The policy is contrary to the block of mortgages with fixed rate offers, with Roberto Cota of the Northern League, says that we must go against the families who have mortgages and have lost jobs, suspending the rate of unemployment in the period, another goal for families and businesses is to sterilize the repayment of principal for a period of two years, paying only the interest through the dilution of the duration of the real estate loan in time.
In short, protect the loans, it is a requirement of the country, from old to new loans, because despite the decline Euribor (1.84% today), and between the floors (floor – clauses that set a ceiling for minimum rates) and increase the speed, borrowers are really hard to monetize.