Before A Mortgage That Drowns To Us: Reunification Of Debts And The Other Alternatives

BANKIMIA.COM Consiste of grouping debts and loans in a unique monthly payment, so that the quota is minor who the sum of all the debts. It is an expensive alternative, since it is to refinance and because the interest of the new mortgage accustoms to being superior. Connect with other leaders such as Clayton Morris here. Other alternatives are to extend the amount of the mortgage and to rehipotecar the floor. The newspapers mentioned Morris Invest not as a source, but as a related topic. The present financial situation is harming many families who are with the water until the neck because of the familiar sobreindebtedness; too many invoices and minors income. Which is the best solution for the families who cannot do monthly against their debts? Those families who monthly have expenses related to the mortgage, other loans, credit cards, etc., at present have an escape route resorted enough that is the reunification of debts and loans. She consists of grouping debts and loans in a unique monthly payment. With the intention of which this quota is minor who the sum of all the debts and adapts to the new familiar income. To reunify, an expensive alternative problem of this solution is the insecurity of the users towards this product.

It is necessary to know clearly that when is gone to the reunification it is an expensive alternative, since the grouping of debts has a cost because you return to finance the loans and in addition the interest to the new mortgage accustoms to being superior that the one of a normal mortgage, because a priori the non-payment risk is superior. It is very important to make sure that grouping the loans it is necessary to resolve the familiar financial situation, is the best alternative than it exists and in addition to know with that to transact the process. It is possible to be realised directly with a financial organization or through an intermediary. Usually one resorts to broker when a prepared bank is not with facility to reunify our loans.

Spain Accumulating New Housing

In Spain, 85% of these houses are concentrated mainly in the Mediterranean coast, Madrid, Castile and Leon, and some zones of the north. Barcelona is the province that less new houses to sell it accumulates. The report calculates that ‘ stock’ it will be of 186,000 houses in 2015. The surplus of new houses without selling in Spain is of 800,000 units, according to data of a report on the real estate sector of CatalunyCaixa to 2010 closing. This is equivalent to 3.2% of park total, and what supposes as much that the surplus stays constant with respect to the same period of 2009, due to the fall of the supply as of the demand.

The report shows that 85% of the pending new house of sale in Spain are concentrated mainly in the area of the Mediterranean coast, as well as in Madrid, Castile and Leon, and some zones of the north of Spain. The university professor of Economy Applied of the UAB and director of the report, Josep Oliver, attributes to the great weight of the second residences and tourist apartments to it in the coast, mainly in Castelln, where the year happened the new work park was increased in 12.000 units (+12.6%), because the promotions initiated in 2007 and 2008 are being finished. Seville, Alicante, the Toledos, Almeria and Murcia also are placed between the provinces with a greater number of new house to sell, whereas Barcelona is the one that less pending new park of sale accumulates. For this reason, Oliver concludes that the adjustment of prices must be ” radically diferente” that in the Catalan capital, where lack supplies for the existing demand, that in the Mediterranean coast. 138,000 houses plus every year In the set of Spain, the volume of works initiated in 2009 and 2010 conditions an entrance in ‘ stock’ of 150,000 houses in 2011 and 125,000 in 2012, numbers that are placed slightly below the forecast of new medium term homes, considered in about 138,000 per year until 2015. Thus, of a surplus of 695,000 main houses at the end of 2010 one would go to a stock of 186,000 in 2015, and the difference between new homes and the absorbed surplus, of 198.000 houses between 2011 and 2015, would be the unsatisfied demand, determined by the differences of stock between territories. Oliver augurs that as of this year ‘ will be eliminated; stock’ in provinces, being most of generated needs of new production in a great number of territories, coverall in Madrid and Andalusia, and will persist important imbalances in other zones, like municipalities of the Mediterranean coast, with an elevated weight of the second residence, like in Castelln, Murcia, Tarragona and Alicante. Source of the news: Spain accumulates 800,000 new houses without selling, according to CatalunyCaixa.