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Senate Economics Committee

The reverse mortgage is a new financial product, a credit for over 65 years, mostly, a homeowners wishing to convert the value of their property at a monthly rent of lifetime. Approved by the Council of Ministers the past March 2, the draft law governing the figure on the reverse mortgage obtained approval by the Senate Economics Committee this week to be submitted to Congress. One of the novelties introduced to its passage by the Senate has been the extension of the type of housing that could benefit from this form of credit, because until that moment you could only apply this mortgage for regular homes. According to the text, the reverse mortgage is a loan or credit guaranteed by mortgage on real property that constitutes the residence of the applicant and provided they meet certain requirements. As mentioned above, also not regular dwellings have place in this definition.

The requirements that the person concerned must meet are as follows: having 65 or more years or be affected severe dependency. The debtor shall have the amount of the loan through regular provisions. The debt will only be enforceable by the creditor. The housing will have to be assessed and insured against damage. The amount of the loan will depend on two factors: the age of the applicant and the appraised value of the home. In addition, it will not change property when the owner dies. Then, the heirs, for its part, may, if so provided by the agreement, cancel the loan and pay the entity debt past due with their interests, cope with credit that have left their families in order to keep the House, negotiate with the Bank another type of refinancing for the property or run the credit and recover the amount remaining on the appraised pricein the event that they have negotiated an annuity. Currently, financial institutions that offer this mortgage distinguished several options, depending on maturity, whether limited or lifetime.

The latter It means to perceive a monthly payment lower but with the advantage that the beneficiary will receive it while living mortgage holder. Some of them are Caja Vital, the BBVA, La Caixa, BBK, Ibercaja and Caja Duero. Finally, reverse mortgages, according to the text, shall be exempted of the transmissions and documented legal acts tax payment, not only in the Constitution, but also in subrogation, novation and cancellation. Similarly, the notary and registration costs will be reduced with respect to their initial status. No amount called documents and those known from inscriptions, in the case of registration fees will be used.

Social Security

If you are unable to work, as you will pay for your mortgage, or go to do the grocery shopping? If something happens, an accident or a disease, where it does to leave money to care for his family? Their children? It is a fact that one of every three people between the ages of 25 and 65, will suffer some kind of disability that lasts for at least three months during the time of his career. As any financial representative will tell you, disability insurance can protect your income and your lifestyle, when such events occur. There are many false beliefs that other disability income related to alternatives will has properly supplement their lost wages, and you should not worry about this type of policy. Many believe that the compensation of the worker will have cover their lost income, but in reality, this benefit covers only by your injury or illness if they have occurred during the work. Does that happen if you are in a car on the way to work accident? That will happen if you have complications due to pregnancy? Others feel that Social Security is going has cover for lost income. However, Social Security can take several months or years to begin receiving monetary benefits, and will only have provide the benefit if you are unable to work in any job, not just the work that you have been trained and currently plays.

As an example, if you have an accident that leaves him paralyzed from the waist down, you perhaps cannot work in construction, or handle more, but you will surely work in the local mall for minimum wage. In addition, Social Security has very strict definition that is considered to be disabled: your disability must be anticipated to last at least one year or that lead to death. Believe it or not, many groups of policy of disability through their employer can leave you short with respect to the income you receive.


Variables in batch if you know some other type of programming language, more or less already know what are the variables in the world of programming, weight if you don’t know already you will learn the first example and then I explain. If you do not understand any other command and find more information in the page of the author that is displayed below @echo off title variables in batch echo your name set /p name = echo. echo writes your age set /p age = echo. echo % name % has d % years pause > nul exit copies the previous text in a Notepad and save it as a file with extension bat if you want to try it. explanation: the variables are created with the set command and are expanded in the program between %. For example /p set name = indicates that the variable is called name and content das in the program when you write your name, and then displays the result of the variable such as % name % for example echo thy name is % name % and if the value of the variable is a number serious set /a with this because you could make a calculator. For example: @echo off title variables with numbers echo writes the first number to multiply set /p num1 = echo.

echo writes the second: set /p num2 = set /a result = % % num1 * num2% echo %. echo % num1% num2% x % is equal to % result % pause > nul exit so is would make a calculator using the batch language, but you would have that make each function operating separately, adding subtracting multiplying and division. If you know use labels in batch, conditional if, else, create menus, already you would have an idea of how to properly create a calculator in batch. But if you don’t know you can learn more in the page source for this article.

European Commission

The housing bubble has exploded. But their worst effects may be to come in the new building. To unpaid mortgages and delinquencies, and the ensuing foreclosures, a phenomenon may happen up to now unpublished in the Spanish real estate market. It is called negative equity in the Anglo market and consists that there comes a time in which the amount of the mortgage is greater than the current value of the floor in the market if the owner tries to sell it to lower housing prices. And according to a report by the agency Standard & Poor s, 8% of the mortgage in Spain is located in such a situation of economic losses. The problem may worsen since the agency warns that if the price of housing in Spain continue to fall up to 30% from the highs recorded in 2007, compared with the decrease of 20% estimated so far by some indices, the percentage of mortgages with economic losses would amount to 19.6%.

The study by S & P structured finance area has been made with the analysis of the securitization rated by the Agency, encompassing more than 800,000 mortgage loans in Spain. The problem can become a nightmare for thousands of mortgage because the forecasts are not optimistic. The same agency noted in its study that housing prices continue to fall, even when other real estate markets have stopped falling. And not only S & P. The European Commission has also indicated in its latest report that the price of housing in Spain is still too high, and estimated that Spanish floors are still overvalued 17%, well above 3% on average in the eurozone. This situation of patrimonial loss affects more autonomous communities which has seen the greatest declines in prices, as well as between the most recent mortgage loans (2007 and 2008). Thus, the highest rate of economic losses is observed in Valencia (12.4%), Navarre (12.3%), Castilla – La Mancha (11.4%) and Murcia (10.6%), while that Galicia (1.4%), Extremadura (2.9%), Castilla y Leon (3.4%), Asturias and Cantabria (3.9%) show lower incidence of negative equity. For its part, Aragon has a percentage of 9.4%, while Madrid, Andalusia and La Rioja recorded a rate of 8.3%; Catalonia stood at 7.3%; and Basque country reaches 5.2%.

Department Lenders

The alert has come: the Agency’s analysis of risk Moodys investor Service raises considerably the level of deterioration of the Spanish bank economy and its need for efectivo-liquidez, which obliges banks force foreclosures that remained before latent in branch offices without going to the Department of recoveries, and later legal. The figures are desesperanzadoras, they say, only in the first quarter of 2010 there were 27.561 foreclosures, and don’t stop to increase at a rapid pace, if this compared to previous years, in 2008 they were higher compared to the 2009, this was unreal, we thought that they decreased over time, but they were dormant, waiting for capital for provision by the banks to the Bank of Spainthat apparently now begin to deposit it. NOW comes the AUTHENTICATES CRISIS, the most common solution for these customers, which could lose its prized by non-payment of their assessments of mortgage possession was the change of financial institution, that already impossible for the incorporation of debtors file either the quick sale of the same, but now face the problem of sales that exists throughout the country, by excess of homes for sale, according to data from the Bank of Spain, banks and savings banks have in their possession a real estate Park valued at approximately 20.500.000.000 euros. People with financial problems who sees impossible their access to banks, since as we commonly say they have closed the tap opt for other routes faster and less conventional, but by no means less effective as they are the lenders. It is a figure that in these times, the salvation of many families and Spanish companies, are the only option before the economic suffocation who suffer on a daily basis and it can lead them to ruin total, not only because of debts with banks and savings banks but also with State entities that overwhelm with their interests, we are referring to the Treasury and social securityare the most feared since his quick recovery and foreclosures are devastating. They feel that narrows down the fence and no one wants to finance and even less to negotiate those unpaid bills by other companies, small and medium, even city councils, as well, the lenders in these cases are the ones who tend them hand and help them to get out of there. Regulated under the new law, lenders are essential in these moments, offer packages of legal services and financial studies to study the solution to their problems and determine the viability of future financial operations that your customer needs.

The new law sets a similar to the bank lenders behavior in regards to protection of the client, i.e. binding offers, we pay to notaries and some types of interest maximum laid down by law. The new generation of lenders has nothing to do with the image of usury that we met once, they are companies of financial professionals, ready and available always your customer.

Buying Used Housing

1 Verify your personal finances and evaluates your borrowing capacity, if you prefer to buy through a mortgage. -If you take the option of credit check financial market offerings. (Agreed interest and alternative financing UVR or weights – take into account the above will help you make the decision according to your possibilities of investment and adequate.) -Be sure to find a solid financial institution and that you all warranties for your peace of mind and well-being. 2. Do not go to middlemen who are not legally constituted reminds that there are wide market recognition and solid businesses for this activity. Or you try to do business directly with owners. 3 It is very important that you understand what you want and you know about prices, offers, location and other aspect of interest.

Know what you are looking for will save you time, money and facilitate the entire process. 4 Loses the fear to work with real estate agents they have highly qualified agents who advise you to take a good decision and guarantee a transparent and effective process. 5 Verify the existing offer of housing used for this don’t forget that the internet offers powerful pages specialized in the topic also goes to newspapers, magazines and other media tomato awhile and remember that you are taking a decision of great importance. 6. Aspects of interest: request a certificate of current tradition of housing that you are going to buy, this activity you should do it in public instruments of your city registry office, query the address on the web on the ORIP link in the bottom left.

-Request original deeds of the property. -Check utilities of the property and they are up-to-date on your payments. -Carry out an expertise and a qualified appraisal of housing. -Request a peace and save of unified property taxes. -Verifies the origin of the property and make contact with the owner or holder of domino of the same according to the information contained in the certificate of tradition. 7. Do not give money without before signing a contract of sale with all what has been agreed and the respective clauses to protect both parties against possible cancellations of business. 8. Perform all the operations of delivery of money through financial institutions avoid to perform this type of transactions on other sites. Remember to consult experts who advise it and avoid making mistakes in business of such importance and do not forget to always take care of your money. Original author and source of the article.

Best Mortgage

Even in times of crisis, the housing is a first necessity, a well from which we not do without. To access it, many people opt for a mortgage, as it is one of the seemingly more attractive options. The rest, or rent a House at a price that can be permtir or expected better times to buy his own House. In the case of mortgages, even more than the rental, all conditions, you must take care because it is a very long term contract, that will accompany us throughout much of our lives, in which it is normal that they have better times and others worse. Therefore, you should investigate. Hikmet Ersek has plenty of information regarding this issue. To help us in this research, on the Internet have a great tool: the comparators of mortgages. With them, you can see which Bank offers the most suitable for our case mortgage, because they offer us different data of interest.

Generally speaking, to compare mortgages, simply include the financial institution in which you want to obtain the mortgage, the amount, the term and the modality of the loan. With the same purpose, We can use the simulators of mortgages. After completing a short form with the amount, the interest and the term, these tell us approximately what you will have to pay per month, to make us an idea of if we can afford this amount, as well as the cumulative total. Whether during the process of searching for the best mortgage, or once we have it already, it is important to stay up-to-date with the latest news from the sector, because regularly carried out launches of new products or changes to existing ones. To do this you can visit blogs of mortgages or financial newspapers online.