Secret Business Tips

Posts Tagged ‘bank loans’

Unable to repay those loans come with the point, do not know how to handle themselves without direction, banks and developers have a headache. There is also no relevant laws, specifically to solve such problems. We believe that the inability to repay the people negotiating with banks to resolve the losses to a minimum, is a good way to solve the problem.
Repayment obligations clear
Before transfer of property rights, the developer is responsible repayment.
Delivery of the first buyers to pay mortgage completed, developers and buyers to establish relationship between the buying and selling homes. The developer did not apply for certificates of title for the property owners prior to the lender to stop repayment, bank lenders have no right to find a reminder, only to find developers to condemn.
After the transfer of property rights, homeowners are responsible repayment.
Homebuyers and lending relationships between banks originally. Meanwhile, the bank loans in order to protect the safety requirements for mortgage lenders to real estate, which add another layer of security relations. After handling the property card, loan contract and mortgage contract to enter the implementation process, the borrower paid on time monthly payments if there is not the case, banks have the right to the lender for processing.
“Check out difficult
Not apply for certificates of title, if the buyers stop repayment will dispute with the developers, if developers can agree to check out, is the best result. However, only in the following cases, the developer will agree to check out.
First, the house sold very well, close to the out of stock, this situation may give you a full refund of initial payment. Hot real estate market a few years ago, some home buyers to question the quality of the house to require developers to deal with. Firm attitude of developers do not want to be back, I put a lot of money, a point returned to you! People who want to buy a house almost broke head off! Read the rest of this entry »

Low interest rates, percentage of high, long term, currencies freedom of choice and human services, are differences in foreign bank mortgage bank personal advantage. Currently, foreign banks with personal loan business is dominated by those outside of the Chinese people buy a house mortgage services has not yet commenced. End of this year, the business will gradually opening to foreign banks in mainland China can choose to apply for mortgage buyers.

Low interest rates to help you save money
Relative to domestic banks, foreign banks can be a longer lower interest rates. Currently, the U.S. dollar or HK dollar prime lending rate to 3.45% even, VIP can also enjoy the benefits of more than 1 percentage point (usually takes the bank deposits 500,000 Hong Kong dollars or 5 million). Therefore, those loans to buy a house for foreign and Hong Kong, Macao and Taiwan, the more likely in U.S. dollars.

Number of loans into high
Some Chinese banks on the property with the age, geographical restrictions and the second purchase. The old house loans, for example, domestic banks can do basically 5 percent, foreign banks can do about the total price of 6 percent. Now those loans to buy a house for foreign and Hong Kong, Macao and Taiwan, will choose a higher proportion of the number of foreign banks into lending. Of particular note is that foreign banks are not among the information network. For example, Standard Chartered bank loan to buy your first suite, and immediately after the Dutch bank in the second suite of applications for loans, your loans into a second number, and interest rates will not be in front of a house loans. Read the rest of this entry »

Where is the advantage of foreign banks?
Speaking of foreign banks, many people the first impression is that foreign banks than domestic banks is good, good service, high reputation, but what specific aspects of foreign banks in the end good news, why is good, but not many people can say up. Most foreign banks, “century-old, after years of development and improvement, compared with domestic banks, accounting for a greater advantage actually, the main advantage:
Type of service addition of sound
Only the HSBC Group, HSBC and Hang Seng Bank, for example, comparison of the two banks to provide distinctive services, reached hundreds of varieties, in addition to store accounts, foreign currency storage account, credit cards, loans, securities investment and trading more conventional The addition, there are home buyers, community development plans, foreign exchange and other distinctive products. So that the customer is basically in a bank needs to meet.
There will be a gift
Most foreign banks will take a variety of marketing methods, based on the customer analysis system, according to the customer contribution of different services to provide various incentives, to attract retain customers, including interest rate concessions, service fees concessions, gifts, Jianmian annual fee discount merchants and other customers can get real benefits from.
May also ask you to Cuoyi Dun
Such as Citibank and HSBC have a century of history, has accumulated rich experience in banking, Citibank continued to take regular creative marketing: customers organize reception, banquet, and invited a small number of large customers or watch the Olympic ski weekend Games. HSBC and Citibank branches were opened in many type of office, HSBC and Citibank customers to transact business, can enjoy “one-stop banking services.

Some mortgage products flat
Complete understanding of the advantages of foreign banks, the next will have to see home buyers are most concerned about the mortgage product. Reporter learned from the Bank of East Asia, the bank will soon launch mortgage business within the people, information released from the current perspective, rich with Bank of East Asia compared to other products, the mortgage business for Chinese citizens actually looks a little lackluster. Read the rest of this entry »

Intermediary between real estate companies and banks loan products is the agent of an agent and being. Agency in accordance with their reputation in the market and the creditworthiness level, generally a separate operation and is linked with two modes of operation, set up from the banks and the bridge loan between home buyers.

High credit, large intermediary companies are mostly used in a separate mode of operation. As these companies have a stable second-hand housing turnover, handled correspondingly larger volume of mortgage business, banks often set up with a fixed relationship. Cooperation is usually used by banks to the wholesale mortgage business after a major intermediary packaging companies, intermediaries and then to the various retail loan customers. An intermediary companies are usually second-hand housing loan business banks in the agent bank will also look for companies as long-term partner. When a real estate transaction into the credit link, the agency will provide a list of banks for the purchase of several candidates to choose from, let it selected, by the clerk of properties and transactions directly to the borrower documents and other information directly sent to Audit Department of Bank Credit counterparts. Through the audit, bank lending, and his entry warrants transfer simultaneously. In this process, the agency played a role in a stage of security to ensure the transfer of property rights and the security of money transactions. Read the rest of this entry »

The face of increasingly complex mortgage repayment methods, choose the manner in which the most savings, which means most suited to their needs, which requires 7 currently on the market to be a more basic way of mortgage repayment. China Construction Bank and China Bank of Communications to promote “equal increments” and “equal decreasing” Two new repayment methods; Pudong Development Bank propaganda “quarter also” mortgage repayment; Merchants Bank is playing at least seven kinds of mortgages also available methods section banner.

Principal and interest equal repayment

This is the most common long-term recommendation is the way most banks. Aggregate principal amount of the mortgage loan amount and interest are added to the repayment period and the average share in each month. People as repayment, a fixed amount each month, returned to the bank, but the monthly amount of the monthly increase in the proportion of principal, interest, the proportion decreased month by month.

For example, assuming the need to 1 million yuan of bank loans, the repayment period of 20 years, according to the latest current 7.20% interest rate, selection matching principal and interest loans, also about 7873 yuan per month. The initial two to three years, approximately 80% of 7,873 yuan more than the return of part of the bank rate.

Using this method of repayment, the same amount each month, as lender, the operation is relatively simple. Take the same amount each month is also to arrange payments. Especially in the steady state income families buy a house from the living and economic conditions do not allow too much initial investment, can choose this approach. Civil servants, teachers and other professional income and job opportunities are relatively stable population, it is suitable for this method of repayment.

However, it is also flawed, because interest will not be reduced with the return of the principal amount of bank funds used for a long time the total interest payments over the following equal to the principal repayment method described high. Read the rest of this entry »

With the fifth time the central bank raise interest rates become a reality, the market entry rate hike cycle.

For lenders, the principal and interest from the matching, equal principal repayment method, the fixed-rate mortgage, for bi-weekly, revolving loan, with the use as also other, how dazzling custom mortgage products for their own financial plan become an integral future life plans. Then, the rate hike cycle in which loans can be chosen to do their own decompression?

Everbright Bank official told reporters that related, if you have applied for bank loans, interest rates are unwilling because of increases take on additional loans for house purchase costs, then only two ways to make his own interest paid to banks maintained or Lue higher than the interest rate increase before the number, one through the early repayment of loans to avoid paying more interest on bank loans, of course, this requires a lot of idle funds in hand. Second, by converting to fixed-rate loans to bind to the lending rates in the future period of time the interest rate will not increase with the increase.

This reporter learned that, at present in Beijing Everbright Bank and China Construction Bank can only provide fixed rate loans, in the interest rate hikes, Everbright has raised the fixed rate level, but still below the benchmark interest rate, while the bank is currently not yet published Zuixin solid Loan interest rates. So, fixed-rate loans how much interest it can be saved? Bank calculations of the responsible person, the amount of three million yuan loan, the calculation period of 10 years, with equal payment method, after the central bank raise interest rates four times over, if you choose a fixed interest rate the lender will be able to save about 180 000 element of interest. Read the rest of this entry »