Exploring the Impact of Rising Interest Rates on the Mortgage Sector: Is a Financial Catastrophe Imminent?

Exploring the Impact of Rising Interest Rates on the Mortgage Sector: Is a Financial Catastrophe Imminent?

Nearly half of residential property owners in the country (45%) own their home 100%. (Photo: 123RF) The meteoric rise in the Bank of Canada’s key rate since March 2022, in order to counter inflation, has raised fears of the deployment of active ingredients that could have the effect of a time bomb in the mortgage … Read more

The Code of Good Practices: A Lifeline for Mortgage Payment Troubles

The Code of Good Practices: A Lifeline for Mortgage Payment Troubles

The payment of the mortgage It can become a real nightmare for many people who for some reason are going through a difficult economic situation. However, for these people it also opens a door to hope. We have a new section where we offer all the information related to the Code of Good Practices #bdeFinancialEducation … Read more

Purchasing Auction House with Home Ownership Credit (KPR): A Practical and Affordable Solution by Bank BTN

Purchasing Auction House with Home Ownership Credit (KPR): A Practical and Affordable Solution by Bank BTN

Jakarta – Buying an auction house can be an alternative for house hunters at a lower price than the market price. Unfortunately, buyers of these auction houses often have to pay for the house in cash. The question is, can an auction house be purchased with a Home Ownership Credit (KPR)? It turns out, now … Read more

Rise in Mortgage Cancellations Outpacing New Loans, Reflects Paralyzed Market

Rise in Mortgage Cancellations Outpacing New Loans, Reflects Paralyzed Market

Banks and financial institutions spend more time canceling mortgage loans than signing new ones in recent times. The rise in interest rates paralyzes some applications while waiting for better times and accelerates cancellation after doing the math at home. This is clear from the monthly statistics on mortgages prepared by the National Statistics Institute. According … Read more

Tips for Shopping for the Best Mortgage Rate and Negotiating Your Renewal

Tips for Shopping for the Best Mortgage Rate and Negotiating Your Renewal

In 2021, if your household income was $170,000, you could qualify for a purchase of $815,000, at the best rate, with the minimum down payment ($56,500). This fall, with the same income, you qualify for a property worth $680,000, under the same conditions (minimum down payment of $43,000). (Photo: 123RF) GUEST EXPERT. Are you renewing … Read more

Woman Discovers Her House Occupied by Stranger After Paying Off Mortgage

Woman Discovers Her House Occupied by Stranger After Paying Off Mortgage

(Schematic diagram/pixabay) Recently, a woman surnamed Liu in Hegang City, Heilongjiang Province, mainland China, after paying off her 10-year mortgage, was shocked to find that the house had been occupied by a stranger, and the other party also issued formal documents from the court. according to“Daily Economic News”According to the report, the reporter investigated on … Read more

The Importance of Hiring a Mortgage Broker for the Best Loan Conditions

The Importance of Hiring a Mortgage Broker for the Best Loan Conditions

Surely the mortgage is the largest loan in a person’s life. And as such it is a complex, complicated decision and process that requires a lot of attention and a lot of comparison to achieve the best possible conditions, both in years and in installments. The bonuses, the interest rate, whether it is more fixed, … Read more

China’s Efforts to Increase Public Spending and Impact on Deposit Interest Rates

China’s Efforts to Increase Public Spending and Impact on Deposit Interest Rates

Jakarta – Cutting home ownership credit (KPR) interest is one of China’s ways of increasing public spending. However, that is not enough. Last week, China said it would cut existing mortgage interest rates and relax regulations for first-home buyers in big cities. According to the central bank and financial regulators, this is a step that … Read more

Government Measures to Alleviate Difficulty in Paying Mortgages: Aid and Support for Families

Government Measures to Alleviate Difficulty in Paying Mortgages: Aid and Support for Families

The difficulty paying mortgages has become an increasingly severe concern in recent months, due to the constant rise in interest rates. Although it is true that during the month of August mortgages gave a slight respite, September is usually presented as a complicated month for many families in economic terms. Going back to school for … Read more

Forecast of Rising Prices and Decreasing Euribor: Insights from Asufin President Patricia Suárez

Forecast of Rising Prices and Decreasing Euribor: Insights from Asufin President Patricia Suárez

Given the rise in prices and the slight decrease in the Euribor -it remains above 4%-, RNE mornings makes a forecast of where these values ​​​​can be directed together with Patricia Suárez, president of Asufin: “It is expected that from January the rates will begin to drop, the reality is that this does not alleviate … Read more