Floating rate mortgages represent 46% of all mortgages contracted, which according to the financial expert is very high risk for the contractor.
Compared to 2016, the new housing market grew significantly in 2017, with contracts increasing by HUF 650 billion in 12 months, an increase of 39%. This was expected, according to mid-year data, although for 10 years it has not been similar in the housing market. In 2003, before the crisis, borrowings amounted to HUF 800 billion. Read more
In order to reduce the cost of his monthly expenses, a self-entrepreneur (now named micro-entrepreneur) can claim credit consolidation. For that, a reliable expertise is necessary to treat the feasibility of his file.
When a self-entrepreneur launches his activity, the management of his expenses takes an important place: calculation of the daily expenses, displacements, contributions and sometimes loans contracted for the launching or the equipment of his company (goods, advertisements, premises) or for his personal life ( purchase of real estate, advance cash, consumer credit ). Read more
According to the expert, the above values are due to the explosion of popular qualifying consumer loans. Most demand has been for 3-5 year mortgages. However, the optimum would be for a similar increase in the rate of 5-10 years and over 10 years!
When we look at the sum, we experience the following!
The basic interest rate, Selic, plummeted from 14.25% to 7% in just over a year. For those with debts contracted before this period, it may be worth considering transferring the debt to another bank that covers less interest on the loan.
This is because banks tend to keep up with the fall of Selic and lower the rates charged, as loans now represent lower costs for the bank with lower Selic. Read more