Table Explanatory loans of CCN

by admin on 02/10/08 at 4:04 am

The change in the pattern of the cost of money and innovations available on the market, as things have given rise to the necessity of “change in the running” the conditions of loans made, using different instruments. Below a table of information on published guidance from the National Council of Notaries for the citizen, useful to know what can and cannot be changed for those who choose to renegotiate, replace or substitute a loan, and what are costs of notary fees provided by the CCN:

Renegotiated

CAN NOT ‘CHANGE

  • the sum borrowed on the rise
  • the bank

COSTS

  • bank: NO
  • tax: NO
  • Interest deductible: YES if paid on the original loan
  • totally possible, and if the parcel with very low

LOAN OF SUBROGATION

CAN CHANGE

  • the type of rate
  • the measure of the rate
  • the duration
  • the bank (change required)

CAN NOT ‘CHANGE

  • the sum borrowed on the rise

COSTS

  • bank: NO
  • tax: NO
  • Interest deductibility: YES if paid on the original loan
  • including the new loan (parcel contained); only true statement of subrogation of the mortgage (very low fee)

REPLACEMENT OF LOAN (Please close the old loan and you turn on a new one)

CAN CHANGE

  • The type of rate
  • the measure of the rate
  • the duration
  • the sum borrowed, also on the rise
  • the bank

COSTS

  • may have to pay the original bank a penalty of extinction, reduced as dictated by agreements ABI
  • may be necessary to delete the old mortgage
  • bank for the time the new loan
  • tax: Yes
  • Interest deductibility: YES if paid on the original loan, but still amounting to the residue of the original loan, plus costs equivalent.
  • NECESSARY, with the plot as that of a new practice

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