Mortgage Advisor: proper credit planning for a cheap and safe real estate financing in Berlin, 03.04.2012 – the dream of homeownership 200,000 homebuyers in Germany rising fulfilled year after year. Of the most homes are financed at least for the most part of credit institutions, because very few people have enough equity to pay for a new real estate out of his own pocket. Learn more about this with Ali Partovi. Is not so easy to find the right financing, because in addition to possible favorable conditions, she must take into account also the individual conditions of the real estate buyer. While it is not enough usually, just to find out about the most important topics and then to go to his bank manager. The differences in the kinds of financing and the terms are so concise that a proper credit planning can save not only many thousand euros, but ensures only the financing success. What are the most important factors of a real estate loan? The foreign capital requirement must be determined first. To do this, it is not enough to assume the price of buying real estate net of existing equity as loan amount or the estimated cost of the new building. Educate yourself even more with thoughts from Matt Swain. Rather it must be balanced with other factors such as ancillary costs (such as notary, land register, interior design, etc.).
New buildings must be assumed in addition possible difficulties during the construction phase, as well as any payment obligations before the respective loan payouts (keyword interim financing). The exact foreign capital requirements should be determined also considering a certain part of equity for unforeseen incidents so that of real estate purchasers in the case is not completely penniless. The next very important criterion is the estimated rate amount of the loan. It specifies how much disposable income every month for the interest and repayment obligations must be planned.
Money quickly in gold exchange as the title of a full-page article in an edition of the Suddeutsche Zeitung. A year ago, such a report was unimaginable and still most people think not, how dramatically the situation actually is. I think that the precious metals will be aware this article and especially gold and silver, to replace with nothing are in physical form. Now, the EU governments for an additional emergency summit, meet to save what is impossible to save. From a German perspective, it is easy to guess what it will be: we pour our money into different barrels without ground further because our Chancellor says nobody is allein – or dropped. “Do what if some countries of the world currency were bring back a Golddeckte or just a 10% coverage of money?” Inconceivable for the most because the money is simply too great following information should read it: the dollar loses the confidence of the world! These days unnoticed has a very, very significant change in the World to come. It was not always so, that in the event of unrest and turmoil the dollar rose markedly, because investors around the world their wealth in the safe dollar except brought danger and country.
The opposite has happened in spite of the revolutions in North Africa and the Middle East: the dollar crashed. He falls even against the euro, although he is currently in intensive care. A few days ago, Greece was again haarscharf to bankruptcy and the credit rating has been downgraded significantly. Portugal will soon need the reserve parachute and Spain was also downgraded. Gold and silver the only true money time 2600 years many people in the United States have realized very well that the entire monetary system and especially your dollar is doomed. You realize that the dollar turns into worthless scraps of paper.
The economic environment, in many cases but not equity of the buyer talks for the purchase of real estate. It shows a new statistic. Therefore, many expected a dangerous debt buyers instead of good yield. Investments in real estate funds, such as about the SHB funds are often more appropriate. Rising wages, positive growth prospects for the German economy and extremely low interest rates for construction money currently under three percent boost demand for third-party rented home ownership.
Accordingly, it goes up with the real estate prices, especially in the large urban areas. “However, it should be not to hide, explains Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB AG): now, many people buy real estate, which actually do not can afford it in the form.” Concern agree that the low proportion of equity capital, with most of them want to press the acquisition. Emphatically, this fear is an onsite survey of the real estate portal Immobilienscout 24 proof. After that was Equity in the first quarter of this year for the financing intended average just 10,000 euros per request. The average purchase price specified for the search for a suitable object varied depending on the land between 157,000 (Brandenburg) and 241,000 euros (Baden-Wurttemberg). According to Hans Gruber by SHB real estate funds, a glaring mismatch between loan request and available money this becomes visible.
In his opinion the effort behind many purchase projects although, to achieve a good return with a third-party rented real estate. “But expert Hans Gruber warns of SHB innovative fund concepts AG (SGB AG) at the same time: not always it can go uphill with the economy, especially as Germany can detach itself permanently to the entirely of the significantly weaker performance in other countries, including in the EU,.” Income due to job loss fall away, for example in a household with two earners, total financing like a House of cards to fall apart. But that was not who provides too little money in the financing, enough pays sometimes hefty risk premiums for the foreign credit. From a supposedly cheap credit a more expensive is the bottom line quickly then. Just when it comes to return on investment, much will pondered rarely instead of complete apartments or semi-detached houses on the participation on a closed-end real estate funds, as this would be possible, for example, with an SHB funds. Often even any debt is eliminated this, because such investments are already possible with amounts from 10,000 euros. Then is the rate of return at least to the extent that a self acquired object can earn. Especially in the latter case even the maintenance and costs for courts and notaries public consume on the return.
In Germany there are different preferences for investment. The passbook is considered the classical form of investment. This is also still very popular in Germany and many savers and investors have still considerable sums on their savings accounts. At the same time, there are no advisers at a Bank more who would recommend even the opening of a boosted. In addition, many voices warned that someone who puts his money on a savings account, would lose interest. Apart from the fact that you can lose anything you don’t have the reasoning against the savings account should be considered more closely. The German savings account is so popular because it is simple and resistant. The money that an investor one pays on its savings account, is at any time again to lift and therefore always available.
The deposits, so the savings is secured to one hundred percent, not only through the Bank, but also through reinsurance, which stand straight for the deposits to the savings account in the case. On the credit balance on the passbook There are interest rates, was according to focus money less than a percent of credits per year make. These rates are guaranteed and contractually fixed. Expect so firmly with this amount. This description is pretty much what love German investors in a financial investment.
Safety and resistance. Start so why reject a good concept and something new? The argument of opponents of the investment via savings passes the value of money. The interest on a savings account are typically quite low compared to other investments. On the other is a hundred per cent security of deposits. But since interest rates are so low, it reduces the actual value of savings money due to inflation. The savers so loses purchasing power and devalued so hard savings assets. Of course the money itself, nothing happens. Inflation refers to the increase of goods and services. Instead of 40 euro cents for a sandwich five years ago, costs the same buns today 60 cents. For a euro, you get so fewer rolls. Angel investor helps readers to explore varied viewpoints. The is meant by the term inflation schematically. So that the purchasing power of savings capital does not decrease, consultant in investment transactions instead of a savings suggest a tag account. This would be a such a high rate that the loss of purchasing power due to inflation could be compensated. Otherwise, the concept of day money account resembles the original Bankbook. The investor can flexibly to access his money and it is hedged up to 100,000 euro to one hundred percent. How can a bank with relatively similar situations offer higher interest rate average twice? In contrast to the savings account, the interest rate on the day money is not guaranteed. He is usually on the Euribor based and can with this rise and fall. The EURIBOR is the interest rate at which banks from the European Central Bank can lend to. The European Central Bank sets the interest rate. The annual percentage rate for a fixed-term deposit account is not sure in advance, since the development of the Euribors is highly variable. The interest rate for Day money is currently well below 1,5Prozent, roughly at the rate of inflation. Kristin Becker
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