Business & Real Estate

Posts Tagged ‘Housing finance’

The housing finance data confirm the good performance of this segment, since the amount of individual loans disbursed to offer new and used increased to $ 381.029 million.

Of the total 212.907 million were granted for the purchase of new housing and to 168.122 million used, representing increases of 36.3 percent and 66.5 percent, respectively.

Correspondingly, the number of units recorded increases of 40.9 for new supply and 18.2 percent, used over the same quarter of 2009.

For institutions the value of loans provided by banks and funds showed an increase of 28.3 percent, the mortgage bank, 49.2 percent, while the National Savings Fund grew 39.9 percent.

The number of social interest housing (VIS) also supported an increase of 13.2 percent over the same period of 2009, a behavior that was due to the increase in funding used VIS (14.1) and new (12.6 percent.

Also, between April 2009 and March 2010 housing funding bodies delivered 1.4 million for the purchase of housing, this corresponds to an increase of 18.6 percent over the same period last year. According to Dane, used for housing 648 049 000 was disbursed, representing a rise of 24.6 percent, and for new, 754 740 million, representing an increase of 13.9.

For its part, the increase in the number of funded solutions was 2.6 percent, which is explained by the increase in the number of existing homes (5.9) and new (0.1 percent).

During this period, the amount of credits given for the purchase made the following changes: boxes and housing funds (374.2 percent), mortgage banking (21.8), while the National Savings Fund declined 12.3 percent.

We just here to give some tips too general on the financing of housing. For greater detail refer to specific sections, especially the mortgage.

Can easily finance the house you want to buy?. First of all: fixed funding that can get to buy a home.

One of the great incentives to buy housing today is access to very favorable financing arrangements and tailored to the economic possibilities of each individual or family.

The mortgage. The flexible mortgage arrangements, adjusted the time limits and fees of each tax depreciation, allowed the generation of a strong demand for some types of housing a few years ago were inaccessible to many middle-income people.

The other big advantage was the stability of low interest rates, secured by the absence of major inflationary pressures and economic policies clearly stabilizing.

With these two pillars, low interest rates and repayment formulas longer term, funding for housing is very advantageous and important mortgage boom. Our advice:

* Know to fund the mortgage product features they provide: redemption fees, deadlines, effective interest rate, fees and expenses of opening, early termination, fixed or variable rates, etc. and values if it meets your current and future economy. See our section on Mortgages.
* Compare with the help of experts or offers options you have to confirm their mortgage. Negotiate with financial institutions and counteroffers have try to get the best conditions.

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