If you are trying to get rid of high-interest credit card debt, transferring your balance to a credit card with a lower interest rate or even a card with a 0% promotional bonus is not an option. Your only option. Here are some alternatives that might be better to help you pay off your credit cards quickly and spend less money on interest.
Thinking about how to pay the mortgage, that you might be late for an important conference because of a traffic jam, that you still have to turn in a report, that you have to pick up the kids from school, what the family wants to eat for dinner, that you can't forget your friend's birthday… This is everyday life for many of us. And often we don't realize that the stress and anxiety created by all our worries become the worst enemies for our body and mind.
Anyone who does not receive (part of) their income in euros can no longer obtain a mortgage. This is a consequence of the introduction of the European Mortgage Directive, which has been in place since July 14 last. is in force. This directive, also known as Mortgage Credit Directive (MCD), affects not only expats and (international) employees at multinational companies, but also the'ordinary' Citizen who happens to have built up a pension in for example Canadian dollars or English pounds.
The rise would be an immediate shock to borrowers with standard and tracked variable mortgages, of which there are a total of 1.6 million in the UK, according to banking association UK Finance, whose rates are linked to the Bank Rate.
According to figures from financial analyst Moneycomms and TotallyMoney, a lending app, the monthly payments of a borrower with a standard variable rate mortgage of 250.000 £ rise by £62 overnight.
"You don't transplant an old tree!"This saying means that people of advanced age should not be torn away from their familiar surroundings. But this can be difficult in view of physical or mental impairments. So what options are there to accommodate this desire for consistency and familiarity??
Berlin, November 2021 (PRG) – Missed climate targets in the building sector, missed targets in residential construction – the previous government left the new coalition with a heavy mortgage. In an interview, Dietmar Walberg, managing director of the Arbeitsgemeinschaft fur zeitgemabes Bauen (ARGE //eV), explains why climate neutrality and cost optimization need to be thought of on a large scale.
Photo: Roth-Massivhaus / Gerhard Zwickert
Some years ago there was a word in the financial area, which was also in the media in all mouth, namely the so-called credit crunch. Today, there is hardly any talk of this, but there are still situations in which a credit crunch can occur. Therefore, in our article you will learn what the credit crunch is about and what can be the triggers of such a situation.
The term credit crunch he is colloquial and refers to a restriction that exists with regard to the volume of credit to be granted on the part of the banks. The triggers and reasons for a credit squeeze can be very different, but they usually originate from the individual lender itself. For example, a bank may decide internally to grant fewer loans or to apply stricter standards when assessing creditworthiness. In principle, the term "credit crunch" is usually used when banking institutions reduce or completely stop granting loans, especially to companies. This happens then against the background that it would be actually possible to give more credits due to the market conditions. The credit crunch is therefore not a situation in which the banks are forced to restrict the volume of loans issued.
You want to buy a property? A great idea. We have collected the 10 best credit tips for you. So if you think that the time has come for your first apartment or your own house, then you're in the right place. With these 10 pieces of advice you will always be one step ahead in the search for the perfect loan.
The word "homework" might make you gulp at first, but this homework is definitely worth the effort. Because with a budget calculation, you not only learn something, but in the best case, you can also save money. In a budget calculation, you simply add up all the income and then subtract all the expenses. So you see how much money you have left in the month and what margin you have for a loan. And the positive side effect of this super simple credit tip: You finally see at a glance what you really spend your money on and certainly find one or the other point where you can save.
Optimism spread through the mortgage industry at the start of 2023. Signs that disinflation process was working raised hopes Federal reserve may stop rate hikes sooner rather than later. Mortgage rates also fell about 30 basis points in January, reaching their lowest level since September 2022.
But February brought a dose of reality back to the markets. Am 3. February, the Bureau of Labor Statistics The report showed that total nonfarm employment in January rose by 517.000, a higher increase than expected.