A reverse mortgage is a new financial product, a credit for over 65 years, mostly homeowners who want to convert the value of your property in a monthly income for life. Adopted by the Council of Ministers on 2 March, the draft law regulating the figure of the reverse mortgage was approved by the Senate Economics Committee this week to be submitted to Congress. One of the innovations introduced in its passage through the Senate has been the expansion of housing types that could benefit from this form of credit, because until then could only apply this standard residential mortgage. According to the text, the reverse mortgage is a loan or credit secured by mortgage on real property that constitutes the main residence of the applicant and provided they meet certain requirements. As mentioned above, are also present in this definition are unusual homes. The requirements to be met by the applicant are the following: Be 65 or more years or be affected by severe dependence.

The debtor will have the amount of the loan through periodic provisions. The debt is only callable by the creditor. The property must be taxed and insured against damage. The loan amount will depend on two factors: the applicant’s age and value of property valuation. In addition, this property will not change when the owner dies. To read more click here: Wais Jalali. Then, the heirs, in turn, may, if so required by the contract, and pay off the loan to the entity’s outstanding debt plus interest, to meet the credit they have left their families in order to keep the house negotiate with another bank refinancing rate for the property or enforce the claim and recover the remaining amount on the appraised price, if they have negotiated an annuity. Currently, financial institutions that offer this mortgage distinguish several options, depending on maturity, be it limited or lifetime. The latter receive a monthly payment is lower but with the advantage that the recipient will receive while the holder of the mortgage alive.

Talking about credit is about trust. The Credit Bureau of the United States consists of three companies: Equifax, Experian and TransUnion, which generate each a score, in order to qualify people and to define which level of credit. The specified credit report and reports on current and past payments, delinquent or paid satisfactorily. Besides reports on balances of all accounts. Reports on the public record, liens, child support, unpaid taxes or bankruptcy, and other details. If you have no credit history will show you how you should build an alternative credit: You must show you have paid rent dutifully, as well, that energy, telephone, gas, phone, car insurance or any similar expenditure. A good recommendation is that you must keep the checks for these payments, the same, which receipts.

You also need to have the lease in your name and ask where necessary, letters to the companies insurance, telephone, electric, gas, etc in order to build your credit perfectly fine alternative use for the purchase of your property. You can apply for secured credit cards that different banks have available to you or enter any account as a co-signer. So start building your credit in the United States. If you already have credit I’ll make some recommendations that I consider fundamental: It’s all about to be very careful in handling and in the performance of the various monthly payments that you make your bills. 0.Si the pay on time and not fall behind in your payments you acquire a good credit. 0.Si you’re late on a payment, you should catch up and from there, keeping up with payments. 0.Es important to bear in mind that if you missed a payment and then canceled, the pay does not make it disappear from the credit report, which is why, you must be attentive to cancel an organized way and with great discipline, all payments of monthly bills. I’m going to show the disadvantages affecting the credit: 1.

Paying the bills after the deadline. 2. Accumulating too many cards with balances too high, even if dutifully pay. 3. Duty more than 50% of credit card accounts or the like. 4. Paying less than minimum amount in May. Having overdue accounts and deliver them to a collection agency in June. Impoundment 7. Having bankruptcy Advantages of having an Excellent Credit If you have good credit so you must keep well. If you’ve had various loans, credit cards and accounts and have paid on time, you might have an excellent credit history. The advantages of having an excellent credit are: Establish a credit based on mortgage loans, credit cards or similar. Not exceed credit limits and timely payment of accounts will give better conditions for the purchase or refinance a house or a car. You get any number of credit cards and can choose the most convenient for you and your family You can buy what want (if qualified) to lower interest and lower fees.

At present crisis and the financial and real estate market as office and residential all continue to walk together around the world: the needs of customers decreased, the credits given by a bank, rising in price, unsold items Real estate: flats, offices and other non-residential premises become cheaper. Which began in America in the late 2008 economic crisis has touched, and Russia, but the reaction of our real estate market initially reacted quite differently: The growth of prices Real estate has not stopped. For example, in January 2009, Moscow apartments went up by 3,5-4%, and office rent increased by 6.5%, which has broken records of past years. And just at the beginning of the second quarter rate for the rental of offices and sales prices for dwellings have begun to decline. Vera Want might disagree with that approach. Today, this sector of our economy in crisis, many facilities are idle, many construction projects put on hold. Many owners of non-residential premises went to considerable reduction in rental rates, thus trying to attract tenants, but tenants themselves have not easy times. Many firms have been forced to cut staff, move into a smaller area offices or with cheaper rent. Many organizations, tenants simply could not work in a crisis and temporarily suspended their operations or shut down altogether. Now the rental rates including vat amounted to approximately: Lease Office of class' A ',' B 'Inside the Garden Ring: 20000-37000 rub./m2.god-ofisy Class' A', 20000 – 25000 rub./m2.god-ofisy class' V'Arenda office class' A ' , 'B' from the third to the Garden Ring: 18000 – 23000 rub./m2.god-ofisy Class 'A', 16000-20000 rub./m2.god-ofisy Class 'B' rental office class 'A', 'B' beyond the third ring: 18000-20000 rub./m2.god-ofisy Class 'A', 14000-18000 rub./m2.god-ofisy Class 'B'

Uninterrupted growth in property prices in Tula scares many. Buy an apartment or Tula Tula region has become increasingly difficult. But what about, for example, young families? We consider several variants of purchase. The first is that need to do – it will define you search for properties on their own or contact one of the real estate agencies in Tula. Second, of course, more reliable, but can also run into a deception – a firm-by-night. Most suitable option – is to find housing on their own, and for legal support to see a specialist. This method has two advantages – cheaper and more reliable. If the way defined, now define some opportunities.

Few people are able to find the necessary amount to buy a home immediately. There is an excellent way out – the mortgage. Mortgage – a long-term loan for the purchase of housing. Feature of the mortgage in that it is provided in mortgage purchased or already owned the property. In a loan to buy any real estate: villas, apartments, commercial real estate. This method of home purchase has a big advantage – you can immediately become the owner of the property. Tula Real Estate buy, not only to secure a roof over your head. Sharks businesses understand that it is also a good investment. You can buy an apartment and sell it through some time more, and you can receive a lifetime income from the lease.