How to move your mortgage! Read more us

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Moving your mortgage is easier than most people think. But there are some things to keep in mind. If you choose to compare and then transfer loans from Good Finance, you will be assisted throughout the process by our SwedSec licensed advisors. So compare and move your mortgage at Good Finance

You make an application to compare loan offers on Good Finance

You make an application to compare loan offers on Good Finance.

We will contact you for personal guidance and service within a day, usually faster. You choose in peace and quiet the option that suits you best.

Once you have made your choice, we will help you finish your old mortgage and transfer it to the new bank. You sign and submit the new loan documents.

The loan is moved

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Moving a mortgage with a fixed interest rate If you move a mortgage with a fixed interest rate, you may be able to pay a so-called interest differential payment for the loan’s remaining maturity, to your old bank. This is something we will help you to include in the calculation. Often it is still profitable to move your mortgage. In other cases, you can wait until the bond page for your old loan expires.

Then a move costs nothing extra. Mortgage Discount A suitable opportunity to move the mortgage is when the discount for your old mortgage expires. The discount is a lower interest rate for a certain period, usually the first year, when you take out a mortgage. It is important to pay attention to when this discount expires for your old loan, which then leads to a higher monthly cost.

If you want to keep your monthly costs down

If you want to keep your monthly costs down

This is a good time to move your loan. Good Finance’s advisor will help you figure out what you save on moving your mortgage, whether you have a discount today or not. Amortization requirements It is also important to remember that new loans are covered by the new amortization requirements. For a brand new loan, the repayment requirement applies, which means you have to pay 1-3% of the total amount each year.

This applies if the loan is at 50% of the value of the new home or more. If your old loan is taken out before June 1, 2016, it is not covered by the repayment requirement. If you move an older loan, there is a transitional rule that says it can be done without activating the amortization requirement. At the same time, banks can have their own rules. Some want the new repayment rules to apply to all loans, ie even if you move your old loan. This is something to watch out for if you want to keep your monthly costs down. It’s also something Good Finance’s advisor will help you include in the spreadsheet. Read more about the new amortization rules here.

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Micro-credit for bank bans

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The banking ban is a real punishment. Indeed, bank bans can no longer take out credit with banks. If you find yourself in this situation and you need a financial boost to restore your finances, consider applying for a micro credit for banned banking. Further editorial at vins-jean-de-monteil.com

But there is some information that you must know before you start and that’s what we are going to talk about.

What is microcredit?

What is microcredit?

Before going back and forth between the different credit institutions, it would be better first of all to know what a micro-credit really is. It should be noted that microcredit is not much different from conventional credits.

However, it is characterized by a small amount and is often reserved for those excluded from the traditional banking system. There are two types of micro-credit: personal micro-credit to help meet the daily needs of people in precarious situations; and micro-credit professionals to finance micro-entrepreneurs.

Why choose micro-credit?

Despite the few conditions, micro-credit offers many benefits. First, depending on his profile and ability to repay, the applicant can enjoy a loan ranging from 300 USD to 3,000 USD. In some cases considered exceptional, it is even possible to have up to 12,000 USD. Then, this loan is very interesting because the repayment terms are reasonable and can extend up to 5 years. Lastly, rates ranging from 1.5% to 4% are the most attractive on the market.

The banking ban

Settling your situation: the best solution

Now that you know what microcredit is, go to the banking ban. This is a penalty following the issuance of a NSF check or the name repayment of a credit. After this incident, your bank will notify you to the Good Bank and the latter will register you on the central file of checks (FCC) or on the file of the incidents to credits to the individuals (FICP). The consequences of this registration at the Bank of France are quite important since you will not be able to issue checks and you will be obliged to return all the checkbooks in your possession. In addition, you will have great difficulty getting new credits during your registration, because all the banks will have a hard time to trust you.

Settling your situation: the best solution

If you are banned from banking after issuing a bad check, try to regularize your situation as soon as possible. Indeed, there are many ways to pay your creditors by restoring sufficient funds to your account.

Subsequently, inform the beneficiary that he can now be paid. You also have the option of paying your creditor directly. Then ask him to give you the check that you can present to the Bank of France by asking for the cancellation of your name in the file. Note that if you do not try to fix things, the banking ban can last up to 5 years.

Micro-credit solutions for files

Micro-credit solutions for files

If you do not have the means to settle your banking prohibition situation and you go through a financial crisis, you can still apply for a microcredit. However, it should not be done in any way and it is especially important to address the proper body. Here are our few good addresses for a micro-credit for banned banking.

ADIE

When it comes to micro-credit, ADIE is the first association that comes to mind. The Association for the Right to the Economic Initiative offers financing to carry out your professional projects, to buy your car, insure your vehicle or pass your license.

The micro-credit of ADIE

ADIE’s micro-credit is intended primarily for entrepreneurs who need funding to launch a professional project. Thus, the plaintiff excluded from the classic banking system can get up to 10,000 USD. In addition, depending on the amount borrowed and the profile of the applicant, the reimbursement can range from 6 to 36 months. It is even possible to postpone the first repayment over a maximum of 3 months. As for the rate, it is around 7% which is rather interesting.

Conditions

You certainly suspect that the micro-credit professional ADIE is not open to everyone. To benefit from it, certain conditions must be fulfilled. First, you must have an interesting and profitable professional project. Then you must be excluded from the banking system and no ordinary bank will accept credit.

In addition, a loved one must agree to be a surety and you must contribute up to 5% of the amount borrowed. It must be admitted that these last conditions often constitute a brake, but it is a way to prove to the creditors that your loved ones believe in your project.

We would like to emphasize that the conditions are quite similar for the request for a personal micro-credit for the purchase of a car for example.

The documents

For the request for a micro-credit for forbidden banking with the ADIE, it is necessary:

  • A photocopy of your ID
  • A pay slip or other proof of income
  • Your last 3 personal and professional bank statements

Approach

To begin, you must make an appointment by calling one of the ADIE agencies, so you will set a date for your first meeting with an advisor. The moment arrived, you must come with a complete file. Together, you will study the feasibility of your request and you will just have to wait for the agency’s response.

In general, the response does not take longer than 10 days. In the case of validation of the request, funds are released within 48 hours. But the help of the association does not stop there. You will also benefit from a personalized follow – up until the repayment of the entire loan.

The Red Cross

We can say that ADIE’s financial support is devoted to professional uses. On the other hand, if you need a boost for your personal needs, it would be better to go to the Red Cross: a humanitarian aid association that works with many banks.

The micro-credit of the Red Cross

Thanks to this association, people excluded from the banking system will be able to benefit from a loan of 300 USD to 3,000 USD. Even with such a small sum, you can meet your personal needs or fund a socio-professional integration project. As for the refund, it is spread over 6 to 36 months. Finally, the 4% rates are more interesting than those of other associations. Moreover, there are no fees, no deposit, no guarantee.

Conditions

You can apply for a small credit from the Red Cross if:

  • You are excluded from the banking system
  • You have a need for money

Moreover, it should be noted that the eligible projects for a request for micro-credit for banned banking of the Red Cross are the purchase of a car or a two-wheelers, the financing of the expenses of health, the purchase of household appliances or furniture and the payment of training costs.

The necessary documents

For your micro-credit request, the following documents must be provided:

  • a photocopy of your ID
  • proof of residence of less than 3 months (water bill)
  • pay slips for the last 3 months
  • the last 3 bank statements
  • tax notice
  • last statement of benefits CAF

You will also need to attach a motivation letter written by the applicant as well as other documents depending on your situation (credit agreement in progress, proof of charges, bank account,…)

Approach

To apply for a micro-credit, you must first make an appointment. You can do this online at the Red Cross website by filling out a form. Afterwards, you will be contacted by one of the volunteers of the association.

They will ask you to come with the necessary parts to study your request. They will carry out a budget diagnosis and if it proves conclusive, your file will be sent to a partner bank. If your file is rejected by the bank, the volunteers will direct you to other solutions more adapted to your situation.

Micro-credit between individuals

If no association can help you, you can still apply for a loan between individuals. Thus, there will be less paperwork and you will not have to submit to many conditions as individuals are less demanding. On the other hand, it will be necessary to be careful to avoid falling in the traps of the hustlers.

To apply for a loan safely, prefer your relatives : family members or friends. Indeed, these people know you better and they will also trust you. There are also private lending platforms that connect lenders and borrowers.

To limit the risks, choose the sites that have entered into a partnership with a recognized bank or the platforms that are approved by the Good Bank. Whatever your choice, always make sure to establish a contract that describes the different methods of repaying your micro-credit. This document could save you if there is a dispute later.

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Fixed or variable interest rates?

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How do you know if you should have fixed interest rates on your mortgage or floating rate? Here you will find information that can be useful now that the Goodbank has announced that the interest rate will probably be raised towards the end of 2018.

Fixed interest rate on the mortgage

Fixed interest rate on the mortgage

You can fix your loan rate at a fixed level for a certain period of time. Common bonding times are 1, 2, 3, 4, 5 or 10 years. Once this time has expired, you can decide again if you want fixed or variable interest rates.

The advantage of a fixed interest rate is that you pay the same amount during the entire term, even if the policy rate changes. It can be valuable if you are worried about being able to afford your accommodation if the interest rate goes up. Calculations made by SVT show that a third in the suburb of Stockholm, with a loan-to-value ratio of 70%, can receive twice as much monthly costs if the interest rate rises from 1.5 to 4.5%.

The Goodbank has flagged that interest rates may be raised. It can also be affected by political decisions, financial crises, currency turmoil or events in our world.

Mortgages with floating interest rates?

bank

Historically, variable interest rates have been most advantageous. It is usually lower than the corresponding fixed interest rate, as it can change quickly.

This is the option for those who believe in continued low interest rates. At the same time, it requires that you pay attention to what is happening in the financial market, as this may affect your mortgage costs.

Therefore, it is good if you have interest and good financial margins if you choose mobile.

As a rule, a variable interest rate in reality is also fixed but for a shorter period, usually three months. That is, the interest rate is adjusted to the interest rate situation, but only once a quarter.

Spread your interest rate risk

banak

One way to spread its interest rate risk is to have most of the loan with a fixed interest rate and a smaller part with a floating rate. You can also divide your mortgage into parts with different long maturity periods to make a tied loan more flexible. The disadvantage of this is that it can be more difficult to move or change a loan.

Also, keep in mind that the interest discount that is often offered for new loans usually only lasts for one year.

Do not commit your loan for longer than you plan to stay. Negotiating a secured loan in advance is complicated and expensive.

It can also be good to set up a savings that corresponds to a higher interest rate level. This way, you create an economic buffer while getting used to a higher interest rate level.

Finally, it is always worthwhile to compare different banks’ offers .

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Online Loan Calculation

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The credit calculation can be carried out either on site at the respective financial institution or with the help of an online loan calculator. Many websites offer independent credit calculators as an online tool that provide ample research capabilities for future borrowers. Enter the desired loan amount, the term and the purpose and click on Calculate. The new online balance: It could not be simpler! a fully digitized online loan.

Loan calculator

Loan calculator

The Loan Calculator allows you to quickly and easily determine the loan cost for different loan amounts or loan variants. You will immediately receive the loan amount of CHF 1’000 to CHF 120’000 into your bank account and use it for your project. The period can be chosen between 6 and 120 months.

As the duration increases, the level of the monthly rate decreases. Note: A longer-term increase in interest expense. You can repay the loan prematurely at any time and thus save costs. Use the Credit Calculator for the online loan application and see how much your monthly installments are. Depending on the credit worthiness, the interest expense for the loan starts at 4.5% interest rate.

Calculate the desired loan comfortably, uncomplicated and discreet and calculate in a few steps, the borrowing costs.

To make quick decisions about your online loan application, lenders offer their own non-binding online loan calculator. Due to differences arising from the differing credit rating calculators of the respective providers, the calculations are to be understood as approximate values. Use these to play through different financial models. Enter your loan application and the loan term and you will immediately get an overview of the various financing options.

Loan calculator online:

How the Loan Calculator Works on the Internet: Compare lenders and choose your very own favorite. That’s the current interest rate of your loan. Further information about the provider, such as acceptance rates, special repayments, particularly fast loan payments or VideoIdent procedures on the Internet, can be found in the calculator. If you choose a specific bid, you must make a large amount of personal information to bid from the house bank.

You should know about the loan calculator: For a long time it was only possible to lend in a bank branch, but that has changed significantly in the new age of the so-called FinTech companies. This means that we no longer have to ask in different branches and have long discussions about when we need a loan amount. With the help of a loan calculator, we can easily and quickly compare numerous top offers on the net.

Immediately thereafter, the loan calculators take us to the banks where the appropriate loan offer is available. There is only one thing that the loan calculators do not buy. Namely, the consideration of many important aspects that played an important role in the choice of your credit. Even if you can get loans as fast as possible with the loan calculator, you should know what you are doing.

How the Loan Calculator Works You can see the operation of a loan calculator or loan comparison in a straightforward way or in depth. 3. When we first look at the loan calculator, we see up to 3 selection boxes, including a list of different banks and their loans. At the top of the list you will find the cheapest loan.

If we delve further into the credit calculator, we can still ask ourselves where the proposals are from. The loan comparisons, ie the list of currently best credits, are ultimately based on a complex and sophisticated process. It contacts the many credit institutions in the Federal Republic of Germany and collects the information they provide on their websites.

These records are always in the background and will be displayed when you open the loan calculator and then sorted out when you enter the desired loan amount, the duration and, where appropriate, the purpose of use and confirm. In short: You open the loan calculator or the loan comparison, enter your desired volume and get after a short time a clear list of all suitable loans.

What do I have to consider when using a loan calculator? Basically, we can argue that the loan calculators and loan comparisons with the right choice for the most favorable interest already make a lot. Due to the interest rate, the loan price rises and falls. The term is also an extremely important component in the loan calculator and loan comparison.

The interest rate is independent of maturity and remains unchanged, but is re-credited every year. If you pay your voucher for a longer period of time, you also have to pay more interest. You can test different scenarios in the loan calculator because the repayment rate is also defined in the Offer column.

Calculate in advance exactly what loan amount is really needed, so that you can meet your wishes. The special repayment right is important for the early repayment of part of the loan on remainder of the loan, independent of the repayment installment. This gives you the opportunity to reschedule your debts when you suddenly have a much cheaper loan.

Why is my credit rating so important in the credit calculator? Once again decoupled from the other circumstances, your credit rating is a very important point in order not to get on the wrong banks with the loan computer. This is because the applications usually contain the interest of a house bank, which offer the least. Each of us has our own credit rating, which uses countless statements about us to show how creditworthy we are.

From the so-called credit score, you can see what the likelihood of a default is, ie the likelihood that you will not be able to pay your rate. For each loan, banks take a certain risk and there are strict internal guidelines as to how good the creditworthiness of a borrower must be in order to be valued as low as possible within the given interest rate range.

As interest rates fall, so too do the claims of potential borrowers. This means that the customer hardly receives the interest indicated in the loan comparison or calculator, since he can only meet the high demand for the most favorable interest in exceptional cases. Applying for a loan from the loan calculator does not secure the interest rate in the loan comparison, but always counts the interest rate at the end of the house bank’s postal loan offer.

In order not to be surprised at this point, you should make sure that your creditworthiness is as good as possible. What can I keep to judge if I get the low interest rate? Since these banks are secret and thus invisible internal targets, you can only wait for the final loan offer and see what it contains.

If you find out that work is still to be done a few months before taking out a loan, you can take action if necessary and increase your creditworthiness before it’s too late. After discussing the topics to be dealt with, we see that it is no longer difficult to get a high profile today.

You always have to remember when you had to go to different banks in the area and had only a small basis for comparison. Today we use the credit calculator that we provide with our information. Creditworthiness calculators and online credit comparisons are a great thing and one of the highlights that the FinTech scene has helped to develop in recent years.

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Quick payday loan with immediate payment

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A lightning loan with immediate payment is sometimes the last resort, when unpleasant surprises lead to unplanned costs. Even those who carefully plan their income and expenses and even could invest a financial cushion, can suddenly and unexpectedly need credit.

Alternatives on the Internet

Alternatives on the Internet

There can be good reasons to look for a payday loan online. Serious offers come via brokerage platforms from foreign banks, but also from private investors. If a bank is behind the offer, the formalities must be completed very quickly. Without delay through the post office, the necessary information is made online and possibly still scanned or photographed documents uploaded. The tests run largely automated, so they only take a few minutes. The money can then be directed immediately and may even be credited on the same day. By private individuals you can not expect a lightning loan with immediate payment, because the money is not provided by a single person. Internet platforms organize the lending rather so that many private individuals contribute small sums. This takes time, and the credit agreement is only concluded when the desired amount has been fully subscribed. The personal loan is usually not cheaper than at the bank. Private investors also charge an interest rate according to the risk, and the operators of the platform earn on the fees incurred.

Fast money from the house bank

Fast money from the house bank

The fastest money comes from your own checking account. If the bank has granted a dispo framework, it acts like a lightning loan with immediate payment. No application is required, no documents must be submitted. You can simply overdraw the account by making a transfer, accepting a direct debit via SEPA direct debit or withdrawing cash at the machine. This works because your bank was able to assess the risk of a default in advance. She sees your balance, sees a regular salary receipt and the monthly charges for rent, electricity, insurance and the like. As a long-standing customer with a good credit rating, you can count on one to two monthly salaries. But beware – despite low interest rates, the Dispo is one of the most expensive loans. On average, interest rates are around 10%. So it is not a good idea to have your current account in negative territory for convenience or bad planning. An installment loan costs only a fraction of the interest, especially if you can provide collateral such as a life insurance or securities deposit. A installment loan is a bit more cumbersome to apply for, but often after the first conversation with your bank adviser, the payment can be made immediately, as with the lightning loan.

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How much do you need to repay on a mortgage?

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Amortization is what you pay back on your loan. Since new repayment requirements were introduced, there is much to think about in new mortgages. We at the Johnson family are happy to help and answer any questions you may have.

 

The amortization rules are

The amortization rules are

• If the loan amounts to a maximum of 50% of the value of the home, there is no repayment requirement.
• If the loan is 50-70% of the value of the home, the loan should be amortized by at least 1% per year.
• If the loan exceeds 70% of the value of the home, the loan must be repaid by at least 2% per annum.
• No one can borrow more than 85% of the value of the home.
• Should the borrower’s income be less than 4.5 times the value of the home, then an additional 1% should be amortized per year.
• Banks may allow amortization for up to 5 years when buying new production, but this is unusual.
• The rules apply to private individuals and all types of home purchase loans.

 

The amortization requirement is at most 3% per year

The amortization requirement is at most 3% per year

You may therefore most need to repay 3% of your home loan per year.

If you want to take additional loans to buy a holiday home, for example, then this is included in the calculation together with your regular mortgage loan. This makes it more difficult to find a loan space for a second home.

If you change your bank, then you should keep your old loan’s repayment rules. If your old contract says that your loan is amortization-free, then it should apply to the new bank as well.

The rules are complicated, so you have to think about that. Therefore, it may feel safe for you to have the Johnson family’s knowledgeable advisers at hand. We answer your questions and help you get the best possible conditions.

 

Amortization requirement

Amortization requirement

The amortization requirement, which was tightened by 2018, was introduced in order for Financespoken to prevent economic imbalance and a financial crisis. Households are considered to have too high debt and therefore want to curb lending.

There has been criticism against the fact that the amortization requirement reduces the mobility in the housing market and that it excludes young people outside. There is also a concern about lock-in effects, as many choose to stick to their old loans.

The amortization requirement is also called debt quota braking.

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Compare mortgages from several different banks.

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Good Finance helps you lower the cost of your mortgage by comparing the interest rates of several different banks and lenders. We give you professional advice all the way to a cheaper mortgage.

• You save money
• You save time when we contact all banks
• You can feel safe
• You receive personal and pleasant advice
• You do not bargain and negotiate yourself

Compare mortgages, save money

Compare mortgages, save money

You should always compare interest rates for your mortgage. With an online request from Good Finance your question goes to several different credit institutions. Then you can compare interest rates and other terms and conditions against the costs you have today.

By comparing mortgages, you can arrange long-term discounts that mean a real saving in the long term. One tip is that the mortgage rebate on your old home loan usually expires after one year and then switches to a higher interest rate, unless you renegotiate the loan. This is an excellent opportunity to compare different mortgages, to keep the cost down even in the long term.

Thus, with the help of Good Finance you can save money whether it is a new loan or moving an old loan.

Your mortgage in safe hands

Your mortgage in safe hands

Our knowledgeable, licensed advisors can help you with an overview of your entire finances, so that you feel that you are in control and that everything happens on your terms. For most people, rescheduling their mortgage is the biggest financial decision they make. Therefore, we want our customers to feel safe and comfortable.

In addition, it is enough that we take a credit report, which is then used by all the possible lenders. This is important because many credit reports can reduce your credit rating for a short period of time. In other words, comparing mortgages with us offers more benefits than lowered interest rates.

Good Finance’s personal advice gives you good and pleasant service, as well as a better chance of getting a good interest rate and good conditions than if you negotiate on your own.

It goes fast: Compare interest rates within 24 hours

bank

When you compare mortgages with Good Finance you will usually receive a response within 24 hours. The actual change of bank takes longer and depends in part on how active you are. But it’s pretty easy and we give you expert help all the way.

On your login page you can, among other things, see the current offers that have come in and get in touch with our managers. Of course, you can also reach us over the phone if you have questions about your mortgage that you want to discuss with us.

If you want control over your finances, you will not only have good income. You should also keep your expenses down. Therefore, it should be obvious to compare mortgages so that you do not overpay unnecessarily.

You don’t have to bargain and negotiate yourself

bank

Negotiating with banks can be complicated, as they often have an information takeover. In addition, many people find it difficult to negotiate loan terms and bargain on interest rates.

That is why Good Finance offers you this service, so that you can manage your mortgage as carefree as possible. We take care of what is difficult, so that you do not have to focus and instead focus on something else that is important in your life.

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