Archive 2019

How to choose a mortgage loan so no one will later regret


Few nowadays can secure their own housing without using a mortgage loan. However, there is no mortgage as a mortgage. How to choose the most ideal one for you?

Take a look at a few options for how to proceed effectively and take them into account when choosing. If you already draw a loan, do not be afraid to transfer your existing liabilities to another banking institution or consolidate. Change is always possible.

What is related to mortgage settlement

What is related to mortgage settlement

If you decide that you have now reached the stage of life when you have time to refinance or refinance your mortgage, you need to focus on a few crucial things. Of course, the first step is to find out all the available information on the basis of which you can choose the right type of mortgage for you responsibly.

It is definitely not a question of this issue to turn to for advice to a professional financial advisor. Many of them have also negotiated above-standard treatment in certain financial houses, saving you time in the necessary administrative negotiations.

When you receive a draft contract, contact it immediately with a lawyer you will be recommended with positive references. Do not rely solely on the banking department’s legal department for which you will draw the mortgage. On the contrary, do not hesitate to clarify all the places whose interpretation you do not understand exactly, or they seem redundant and so on. There is no need to worry about asking too much trivial questions.

If you comment on the draft contract, make sure that it is incorporated into the final text. Do not sign the contract in the stage when everything is according to your wishes and all formulations clearly understand.

The next step after signing the contract is to insure the indemnity and to enter the pledge contract so that the pledge is displayed in the cadastre. Then go to the insurance company and the relevant real estate register for these tasks. You will then receive the desired financial amount for your account. And then it is up to you whether you will use the amount once or you will use it in several stages.

The last step of this mission is to set up a standing order through which you will pay regular monthly installments.

Would you like an American mortgage?

Would you like an American mortgage?

The US mortgage sounds a bit like an American lemonade, and so it is a relaxed affair, but in fact it is a solid and reputable financial product that can provide the necessary solutions to the current lack of funds in certain life situations.

An American mortgage is a form of non-purpose loan. In addition, you can fund your other current needs from the amount you save on your purchase. It is thus an ideal option for those who are not yet firmly determined about their investment goal and retain the opportunity to make changes, and thus have a free, ie undefined, purpose of funding for them as an optimal choice.

There are many places where this product can be used effectively. Their summary is effectively broken down into professional financial topics, as well as the use of free online comparison calculators.

The maturity period is usually between 12 months and 20 years for a non-specific mortgage. However, the repayment term can be as high as 25 years in the case of consolidating multiple loans together. In most cases, you will also receive your free and current account maintenance as a bonus.

Consolidation can be an effective solution to your situation

Consolidation can be an effective solution to your situation

If you already have some financial obligations when you apply for a mortgage loan, then it is very convenient to consolidate them, ie merge them into one financial product. You will save on parallel payment of fees, your entire situation will become more transparent and you can often achieve a more favorable interest rate and better APR.

Loans or consumer loans can be consolidated, as well as overdrafts, respectively. overdrafts, credit cards, leasing, hire purchase and special-purpose and non-purpose loans.

Change can be a positive step

Change can be a positive step

Many who already take out a mortgage loan are gradually ceasing to follow the financial market and this is a big mistake. It can give you an opportunity to transfer your existing loan to another bank on more favorable terms.

If your financial tips are not your hobby, you can always involve a financial advisor, but it is worth not paying attention to this issue. But never let yourself be lulled by the fact that there is no better housing financing option for you.

Credit-free loan – no credit check required!

If you need a loan, but this does not get from German banks, because you have a negative entry in the private credit, you do not despair, because for a few years, there is a solution to this problem. More and more providers on the Internet are granting loan without credit rating, which is also known as credit without private credit. Credit-free loans can be obtained quickly and easily via the Internet. This is best done through a credit intermediary.

Loan without credit only available online!

Credit without credit only available online!

The loan without credit rating comes from banks from abroad and can therefore only be applied for online. Meanwhile, many European banks have adjusted to German credit customers who have problems with their credit rating and thus the lending in Germany. Above all, banks based in Switzerland are granting credit-free loans to German customers, because the question of private credit plays no role in lending abroad, because the private credit is a purely German institution. Even if a loan without credit rating is issued from abroad, this credit is not noted in the private credit, so it can not have a negative impact on the creditworthiness of the customer. If you want to apply for a loan without credit check, you should in advance necessarily about providers and credit intermediaries inform, because the desperation of some consumers want to take advantage of dubious providers and offer supposedly cheap credit-free loans. However, you should only apply for a credit without a credit check from a reputable and trustworthy credit intermediary who already has a lot of experience with this form of credit.

Loans without a credit check are better known as debt-free loans

Loans without a credit check are better known as debt-free loans

 The term loan without credit rating is misleading, because even abroad, no credit is given to a borrower who can not prove his solvency, therefore, credit-free loans from the Internet are more likely to be debt-free loans. Offers for such loans are therefore aimed primarily at consumers who have an income but have a negative private credit information. Also for a loan without creditworthiness of foreign banks one must prove to the lender a firm and not terminated employment relationship, as well as regular and sufficient income. In the case of a credit without a credit check, only the credit check by the private credit is dispensed with.

How Retirement Loans Work

As some may already know, financial planning has never been the Brazilian’s forte. When compared to other countries, the scenario is even worse – in a survey on financial terms, only 58% of Brazilians answered correctly, against an average of 78% in other countries.

Not if you plan well financially may not even be a problem at present, but you will undoubtedly be in the future. That is why the dreamed retirement, which should be a period of rest and enjoyment, ends up being often muddled by the specter of lack of money.

The good news is that getting back to work is not the only way out in these cases: the retiree loan can be the right help to solve financial problems.

Want to know more about how it works? Keep reading with us and find out!

Why ask for a loan if you are retired?

Why ask for a loan if you are retired?

All Brazilian wage earners, that is, those who have a formal contract and contribute monthly to the Social Security can receive their retirement in the future by the INSS.

Even those who own a small business and work as a self-employed person also have the right to retirement if they contribute to Social Security through their tax regime.

However, the amount you will receive and the age at which you can retire may vary according to the rules of the required contribution time and the income you have received throughout your life.

Thus, it is not uncommon to see retirees who find themselves on a lower income than they were accustomed to. Result: the bills at the end simply do not beat. This is where the retiree loan comes as a good option.

But how does the loan for retirees work?

But how does the loan for retirees work?

The retiree loan is a type of credit offered to those who have already retired and receive a provident income. It can be done entirely online, through your computer, tablet or even by cell phone.

The Mufixcredit retiree loan does not require the presentation of assets as collateral to be loaned, ie you need not submit more than a few data for evaluation by the chosen institution.

In general, they are requested to:

  • Personal data, such as name and CPF;
  • Cadastral, such as home address and e-mail;
  • Your INSS retirement can be used as your monthly income;
  • Bank details, which are only required for security and viewing of account movement, can not make any kind of movement in your account.

Is it possible to simulate the loan for retired?

Is it possible to simulate the loan for retired?

As the loan application process for retirees is carried out over the internet, you can also easily simulate the value and number of installments of your credit.

You make a simulation by an automatic calculator that already shows you all the conditions of the loan. When you find the ones that best fit your needs, you make the request by completing the information as listed above.

The evaluation is usually immediate and you receive a response soon after the registration is completed on the site. If approved, the money will go to your account within 48 hours.



Paying Debts: Sustainable Alternatives

When it is no longer possible to repay a loan or a loan, the most recurrent fear concerns the possibility of being called to answer before a judge.

However, if the relationship between creditor and debtor is ethical, transparent and honest, it is possible to identify together the most congenial solution for both, perhaps with a repayment plan that allows the debtor to pay the debt without upsetting his financial balance. In this situation there are two fundamental factors to be taken into account:

  • Sustainability of the installment;
  • time.

Sustainability of the installment

Sustainability of the installment

If the creditor performs an effective advisory function towards the debtor, verifying what his real financial resources are, he can:

  • plan and obtain the return of the sum loaned;
  • allow the debtor to pay the due balance on a regular basis without weighing down on the family budget.

Example: Carlo has a dependent family consisting of a wife and two children, a monthly income of 1,500 euros and a debt that fails to repay because his expenses amount to 1,200 euros a month, including rent (500 euros). Since the residual income is low, ie € 300, the average payment that Carlo should pay to repay his debt should not exceed one third of that amount (€ 100).TimeAs is logical, the debtor will pay off his debt as quickly as possible, the higher the amount of the monthly payment he will pay. However, it is important that the creditor is able to estimate the real sustainability of the debtor to pay a certain monthly amount. If you try to contract installments of too high a sum, it will only deteriorate an already precarious situation. For this reason it is important to evaluate the financial situation of the debtor in the long term and carefully, also foreseeing possible variations over time. Example: Carlo may have greater financial resources in some months of the year in which, for example, he does not incur school-related expenses for children.Only by paying your debts you can access any new credit lines and plan investments to improve the quality of life of everyone.

Consolidate loan despite Dispo


Contrary to the expectation of many bank customers, it is not difficult to take out a loan despite a posting. Whether the borrower uses the availability of his current account is irrelevant for the acceptance of a installment loan, since there is no fixed repayment obligation. For this reason, the credit banks do not include a fully or partially utilized discretionary credit in their budget accounts. For the customer, however, the question arises whether he should not increase the loan amount by the sum of the negative balance and balance his checking account.

A major difference is between easy borrowing when using the granted credit line and difficult loan application in the case of an overdraft in the narrower sense. As such, only the exceeding of the credit line granted by the leading bank account applies.

Use the loan for account settlement at the same time

Use the loan for account settlement at the same time

Due to the high interest rate they pay to exhaust the discretionary framework, it makes good sense for credit applicants to use a loan to clear their current account, despite the availability of the current account. From this basic rule a few exceptions are conceivable, so calculate individual online banks for the short-term partial use of Dispos up to a maximum of 500.00 euros no interest.

The loan applicant thus decides on a loan amount that is sufficient to finance the planned purchase and at the same time to balance the current account. The account balance is possible at any time with a disposition credit, the interest calculation takes place exactly on the basis of the days on which the account holder has availed of the disposition frame.

As soon as the account holder applies for a loan despite being overdrafted and uses part of the money to clear the current account, it is subject to fixed terms of repayment. So that the monthly loan installments are not too high, he chooses a sufficiently long running time, so that he can settle unscheduled expenditure from his current information. He avoids in any case, just for the settlement of a due loan installment again to use the repayment credit. In the future, this will ideally only be used for the occasional bridging of a few days until the next salary payment.

In the case of a credit despite a disposition, which the bank customer also uses for the account settlement, a partially flexible repayment is desirable. Appropriate bids are increasingly being offered to credit banks by granting their borrowers the right to suspend payments once a year or over a two-calendar year period. It makes sense to look for a corresponding clause in the loan agreement for a credit comparison, except for a favorable effective annual interest rate. The second component of a flexible repayment option is the bank’s waiver of the calculation of prepayment interest on the provision of additional repayments.

Borrowing on a covered checking account

Borrowing on a covered checking account

Much more difficult than the application for money is the application for a loan despite the overdraft. In this case, the financial institutions assess the excess of the discretionary limit as an indication of improper account management and classify this behavior as a negative credit rating, which usually leads to a rejection of the proposed loan application.

Credit banks are aware of the overdraft of the credit line through the bank statement and, in rare cases, through bank information. Most of these are only used for the long-term granting of a credit line, such as the issuing of a credit card or the request for a discretionary credit independent of the current account. In the case of installment loan applications, it is usually not necessary to apply for bank information, as it is only of limited use for private individuals and complicated due to legal formalities.

If bank customers want to take out a loan despite a posting-overdraft, they make sure in their credit comparison which banks refrain from submitting bank statements. This applies to a few credit institutions and can be identified by the list of available credit documents. These financial institutions are not aware of the overdraft and therefore can not classify them as a negative credit rating.

An organized personal loan despite the exploitation of dispositions

The fact that banks without difficulty grant a loan despite a dispensation, applies to applicants with good private credit and regular income from work. However, some consumers are using their discretionary credit just because banks are reluctant to give them an installment loan. This applies, inter alia, to borrowers with fluctuating or low incomes, as the availability of current account balances on most banks is sufficient for regular payments. In addition, many financial institutions do not reduce their discretionary credit even if their monthly payments are not reduced, unless the account holder oversees the existing discretionary framework.

Without any difficulty, the agreed payment in installments as earmarked credit despite disposition. In this case, the submission of a bank card and the ID card is usually sufficient for installment purchase, while virtually no dealer asks for a current account statement. Even the submission of the pay slip is only usual with high purchase amounts. Before concluding the installment purchase agreement, the buyer checks whether he can reliably pay the monthly interest without additional use of the disposition credit.

For bank customers who have a discretionary credit but are unable to borrow from traditional banks despite being charged, it is advisable to apply for an organized private loan. Members registered as lenders on the relevant platforms accept a significantly lower credit rating than commercial banks to subscribe to an inquiry. Many of them rely on lending to personally support the intended use. The most accurate and open description of the loan event, as experience shows, leads to an accelerated subscription of the requested sum.

Everybody can make a comparison of online loans

Anyone who at least understands the financial segment clearly warns you not to go for the first bid that appears when choosing a loan. When you select a credit product, it is a good idea to think carefully and compare the options. Not sure how? We will advise you. It’s not as complicated as many people think.

Think about how much money you need

Think about how much money you need

The first step is always to think clearly about how much money you need. This will let you know what particular segment is right for you. Today’s credit market could be divided into three main parts. And so:

  • Microloan
  • Consumer loans
  • Mortgages

How are the different options different? You can use the micro-loan in case of financial problems of short-term nature. Consumer loans are useful for buying common things for life, or when you want to easily improve your living. Mortgages are intended mainly for building or buying real estate, as well as for financing possible reconstruction.

Compare your options for getting money

Compare your options for getting money

Once you are clear about the amount and segment, you need to look at whether or not the loan can actually be granted to you. Your role is played primarily by your creditworthiness. That is, the size of revenue and expenditure. If you aren’t extra good about it, it’s good to use the loan without proof of income. It is also good to think about your financial past. If you have problems paying off your obligations, your name will certainly be listed in one of the registers. In this case, it is advisable to use the loans without looking at the registers that are not interested in such records. And what if you are a client who is not in any registry, who earns a lot, and spends a little? You can immediately go to the next point.

Focus on convenience

Focus on convenience

The selection is rather interesting and you are already choosing from the providers where you will most likely get the money. Now is the time to find out what your loan will be for profitability. If you are a client that can be referred to as a more problematic one, you will be mainly interested in a non-bank loan where the rate is higher. If you are a good-value client, you can try banks. The hit of the present time is also P2P loans, which also reduce their interest quite interestingly.

If you want to select correctly, look also at APR in addition to interest. This value, referred to as the annual percentage rate of charge, will show you how much your loan will generally cost. At this rate, not only interest, but also other costs, such as various fees, are hidden. Although they are gradually being abandoned, there are still those providers who continue to charge them. And what are the most common ones?

  • Application Fee
  • Loan Fee
  • Loan charge

Pay for installments

Pay for installments

You almost have a loan. Now you only need to set up the installments correctly. First of all, focus on how much you can set aside monthly – how much you can pay off without any problems. Do not exceed this amount. Likewise, do not try to reduce it significantly. This will prolong the repayment period for which you will be losing, as interest is continuously calculated on the outstanding amount.

Above, we have summarized the key to compare the loan. We also mentioned that it is best to search for a loan on the Internet. It’s comfortable, it’s fast and everyone can do it. To avoid having to search the web and other information for each provider separately, it is a good idea to use online loan comparison. A unique way to see all your providers in one place and to filter out each option sequentially with a view to making your loan fit. In addition, you will be pleased that you will also be able to find out the specific ratings of other applicants for a number of graders, as well as the certainty that you only choose from fair and proven companies.

Student consolidated loan – who can get it and how much is it?

Kredyt studencki – kto może go dostać i ile wynosi?

Deciding for a student loan allows students to obtain additional financial resources that can be spent on studying and staying in the course of studying.

At the same time, subsidizing interest by the state means that student loans can be obtained on very advantageous financial terms in relation to standard consolidated loans available in banks. In addition, the loan can be used for any purpose, which means that many students decide to take out a loan for investment purposes or to set aside funds for the future.

Interest on student consolidated loans is only half of the promissory note rediscount rate, which is set by the NBP. In this way, interest on student loans is very beneficial. Both students of public and non-public universities can apply for student loan, regardless of the mode of study.

The only limitation in obtaining student loan is income per person in the student’s family. An additional limitation is age. Student loans can be obtained by people who are under 25 years of age. Loans are also directed to people continuing their education at doctoral studies.

Family income and credit for the student

Student loans are directed to students from less affluent families. In individual years, a maximum amount per one person is determined in the student’s family, which entitles to obtain a student loan. For the current academic year, such maximum monthly income per capita in the student’s family has been set at PLN 2,500 net.

How can you apply for a student loan?

Obtaining student loan requires meeting certain formalities. First of all, it is necessary to submit an appropriate application to the bank that grants student loans. In the application, it is necessary to indicate the student’s family income and documents that confirm such income. Such documents allow to provide information necessary to assess creditworthiness. The student must also obtain a certificate from a university that confirms the student’s status.

Security for student consolidated loan

Student consolidated loans require collateral, where banks require a loan guarantee. Depending on the creditworthiness of the guarantor, it may be necessary to present one or more guarantors. If the parents do not have adequate creditworthiness, the student may apply for a surety from Bank or the Agency for Restructuring and Modernization of Agriculture in the case of students from rural areas.

The guarantee from BGK applies to students who have been deprived of parental care and have no income of one hundred percent of the loan amount. In the case of students whose income per capita in the family exceeds PLN 1,500, they can also count on a guarantee of one hundred percent of the consolidated loan amount.

On the other hand, ninety percent of the student loan can be counted on by students whose families do not exceed income per person in the amount of PLN 2,000.