Posts Tagged ‘mortgage’
Grounds for refusing a mortgage
The financial solvency, employment history or age of the person asking for funding are key points to obtain a credit
Given the current economic situation, at the request of a mortgage, banks very closely evaluate the risks of possible grant and the real possibilities of the claimant to repay the loan. The increase in delinquencies among bank customers has led to greater emphasis on the requirements. Banks and thrifts seeking various documents such as the working life of the owner or the declaration of their consumption patterns. Furthermore, the large accumulated stock of housing, it is usually denied a mortgage for a property that is not in your portfolio.
Harshest conditions
The credit tap remains closed after the outbreak of the crisis afflicting financial institutions. Hardly grant mortgages for the purchase of housing and credit requirements have tightened further.
While both the requested documentation as the main reasons for denying or granting a mortgage vary among financial institutions (and even between offices of the same company). The following would be the most common: Read the rest of this entry »
New measures for 2011
Customers who rented a house and pay a mortgage, will be taxed the same way from the first of January next year. Is that the Bill of General State Budget for 2011 provides tenants with incomes not exceeding 24,170 euros, inclusive, may be deducted 15 percent of rent paid by that year.
This measure included in the project, which also eliminates deductions for the purchase of residence for taxpayers with income above 24,170 euros, has been announced by Elena Salgado at a press conference held after the Council of Ministers, where we made this decision.
In addition the home in good standing with the IRS and bring to rent a property, will be awarded by the government, having only to pay tax on eel 40 percent of income received, rather than 50 percent today. To better explain, if an owner of an apartment got about 10,000 euros per year for the rental of it, had to pay taxes by 5,000, or half, but now from next year should meet before tax of 4,000 euros, what the difference is quite bulky.
This measure of course will not affect everyone, because one of the fundamental requirements to benefit from this initiative is to have everything up to date with the IRS, and it is estimated that about 1 million home do not have, so to benefit the first will be in order.
A curious fact is the fact that the Government, through one of the measures, intended to encourage homeowners that they are leased to individuals below the age of 30.
