Meaning Alfe In Arabic

LOAN: subrogation, REPLACEMENT, rescheduling and DECREE OF 27/05/2008 N.93?

Confusion reigns in the minds of borrowers seeking better conditions for their mortgage, try to do a bit of clarity:

- Surrogate: is the cheapest way but at same time difficult to obtain.

In this changing bank, but we should not proceed all'iscrivere a new mortgage on because, thanks to the Bersani Decree, with the portability means "carry" a mortgage on the property from one bank to another. You can not change the amount financed (as The mortgage is related to the amount of capital funding), but also can vary the duration and rate without losing the tax benefits (deduction of interest expense). against the debtor, however, remain the deeds to the new mortgage contract, receipt extinction Old Mutual and subrogation.

- SUBSTITUTION: differs from subrogation because It need a new mortgage, so in addition to duration and rate may also be varied capital (while losing the deduction of interest), must also repay the substitute tax (0.25 to 2% of the dispenser)

- renegotiation: the way more convenient for the debtor, but not for the bank. In fact, with renegotiation means substantially lower the spread (percentage of profit institution) to be able to knock down the rate, but WARNING: the bank is not required to discuss the renegotiation! It 'still the way to go sooner than before, although maybe it will be closed.

- DECREE N.93: Ministry of Economy and Finance and ABI have signed an agreement in which the institutes will join, renegotiate the contract of adjustable rate mortgage be in lowering the rate, which will become fixed, the value of the arithmetic average of the rates applied in the old loan during 2006. The difference between the two parts (new old variable and fixed) will be debited or credited depending on whether the balance will be positive or negative on a separate account in which the rate will be applied which is obtained by adding the IRS in 10 years at the time of signing the new contract and 0.5 spread.

Once you have paid your mortgage, any debt on behalf of the accessory will be repaid by the borrower with the same flat rate renegotiation.

Note: These few lines are only intended to provide a broad explanation on mortgages.