Categories
Uncategorized

Include a car loan in a home loan

NO, it is not possible to include a car loan in a home loan however, it is possible to combine the two into one , with a single rate .

Include a car loan in a home loan

Include a <a href=car loan in a home loan” />

Many auto loan borrowers want to include it in their mortgage, for a number of reasons. The first is to take advantage of the property rate to repay a single monthly payment and at a reduced cost. The second reason is to have only one interlocutor and therefore only one sample rather than several. Finally, the third motivation concerns borrowers with a car loan but wishing to buy a property, they are thinking of consolidating the car loan and mortgage to take advantage of current credit conditions . Whatever the motivation, the redemption of credits can meet this need, we can consolidate several loans (including the car credit ) to repay only one monthly payment, eventually.

Auto Loans and Mortgages: Credit Redemption

Auto Loans and Mortgages: Credit Redemption

The operation of the repurchase of loans is relatively simple, the borrower solicits a specialized financial organization, which studies the request for financing taking care to analyze the feasibility of the project. He will then propose one to several offers of repurchase of loans taking into account the needs of the borrower. Good to know, it is possible to group together different types of consumer and real estate loans together, car loans, work, personal, renewable, etc. Once the credits are grouped, the new lender repays the old creditors and sets up the new credit including a single term, a renegotiated rate and a readjusted monthly rate. It is the funding body that takes care of all the procedures, namely the preparation of the file, its implementation and the repayment of old credits.

Include a loan and finance a new project

The purchase of credit has the advantage of being able to adapt to all types of needs, including that of consolidating several loans and financing a new project. Some households take advantage of the grouping of credits to include an amount allocated to a new project, this avoids taking out a new loan and accumulating several monthly payments. It is possible to include a consumption project, that is to say an amount to buy a vehicle (car, motorcycle, boat), to carry out work or improvements. It is also possible to finance the acquisition of real estate, under certain conditions. In both cases, a feasibility study makes it possible to quickly know if the project is feasible, it is free and without commitment.

 

Categories
Uncategorized

How to Invest Money

Many people fail to invest or invest their money in investments that are not profitable, precisely because of the lack of knowledge about how to invest money safely. In fact, this is a lot easier than you might think. Good investments require discipline, information and basic knowledge about how the investment market works. Want to know how to invest your money better? Check out these tips:

Identify your profile as an investor

Identify your profile as an investor

This is the first step for those who want to take good care of their equity and learn how to invest money correctly. It does not matter if your profile is more conservative (risk averse) or bold (is willing to deal with any losses): it is imperative to find the types of investment that are right for you. And to do this, you need to identify your profile as an investor.

Are you willing to take risks such as stock fluctuations that devalue your investment? Do you prefer to have a fixed income, but less likely to lose? How long do you intend to leave the money invested? Answering these questions is essential to identify your profile and then find the applications that are right for you. In general, the Brazilian is more conservative, since we have a history of interest rates, economic instability and high inflation.

Make Money Work for You

Make Money Work for You

Every investment must have one goal in common: make it multiply and work for you. Instead of living on account of paying bills, repaying debts, putting together some exchanges every month to save money, would not it be nice to be able to count on your investment income? For that is the goal of every investor.

With that in mind, The Alvings has created a simple, fast, and low risk Investment Guide that will bring profitability to your money.

Our rule is simple and can be done in two steps:

1) Invest your financial reserve in Fundo DI: separate the equivalent of at least 3 salaries to apply in DI funds, a fixed income type.

2) Invest for the future by applying in average bank securities (CDB, LCA, LCI): the rest of your money is invested in middle-market bonds that yield more than DI and are guaranteed by the FGC (same savings guarantee).

For more details, see our Investment Guide post.

Invest for the Future: Retirement

Invest for the Future: Retirement

Nothing to invest thinking of the next year, or the exchange of the car. We must also invest for the future. This ensures that you have a quieter retirement, not just dependent on the government (which is getting smaller). Consider options like fixed income applications with long grace periods for redemption.

Broaden your knowledge on how to invest money

To know the effect of high interest on investments, how to bypass inflation, or even which markets are going to be rising in the future, you need to know. Try to read about economics and finance on the internet and in specialized newspapers, such as Valor Econômico . As much as you do not understand all the terms initially, this is a way to start learning and making better investment choices in the future.

With these tips on how to invest money, it’s time to put some recommendations into practice! Take advantage of these tips to make good investments and save money! Still have questions or suggestions? Leave your comments here!

 

Categories
Uncategorized

Mortgage interest rate development August 2017

How does the mortgage interest rate develop in August? You can read it in our mortgage interest expectation. Will the interest rate rise from last month continue?

Will the interest rate rise continue?

Will the interest rate rise continue?

Mortgage interest rates rose again last month. The reason was an increase in the capital market interest rate, which in turn was caused by statements by policy makers.

In the United States, the Fed raised the policy rate for the second time this year, as expected. New was the announcement that the central bank umbrella is considering reducing the debt balance, possibly as early as September.

In Europe, the central bank continues to buy loans and the policy rate remains low. Although inflation is rising in the Eurozone (1.3% in July compared to 0.1% in the same period last year), it is still not at the desired level (just under 2%).

Nevertheless, there are signs that the European Central Bank is thinking of phasing out the stimulus policy. A decision on this may already be taken after the summer. This decreases the pressure on interest. However, raising the policy rate, as in the US, is still far away.

Interest rate mortgage expected in August

Interest rate mortgage expected in August

Most lenders have now adjusted their rates to the increased market interest rate. For August, we therefore expect mortgage interest rates to remain at their current levels and to rise slightly further with a number of lenders.

Getting used to rising interest rates

Getting used to rising interest rates

Thanks to these statements from policymakers, the market can get used to a less broad monetary policy. Companies must take into account more expensive financing, investors can adjust their portfolio and banks already anticipate an interest rate rise.

The ECB wants to prevent market conditions from changing significantly. The gradual phasing out of the purchase program is therefore the most obvious. In this way the central bank can continue to keep pressure on interest rates.

Consumers must take into account a gradual rise in mortgage rates. Are you waiting for this or are you taking action? Request a free mortgage quote now.

 

The Role Of Personal Finance Management In A Successful Financial Life

It was not easy to move from my job – which had nothing to do with finances – to a journey to an early retirement. I had to learn everything about finances and investments in order to try to achieve the goal of being financially free at age 33. For that, I read more than 100 books in the area, and I came to dominate the field of investment. Today I have several investments in stocks, bonds and above all real estate, my favorite branch.

When I showed that I was learning about finances, which was normal in conversations with friends, I was quickly asked to give tips and help. At this time (such as today) lived in Germany, where investments are looked at differently than in Portugal. Some friends proposed to pay me to help them, first for a dinner or something symbolic, but in some cases the work became so much and the results were so good that we agreed an annual amount for it. Quickly the message spread and when I realized I had 10 clients and could not accept any more, despite continuing to receive requests.

 

The strategy to help customers

The strategy to help customers

The first thing I did when a new client came to me was to determine with exhaustion and rigor their monthly cash flow. Revenue and expenses, on an excel sheet. We had to see everything in detail but the customers did not know. “More or less 100 euros in restaurants per month” and “for some 50 euros in outlets and fun”. Others said, “Look, I have no idea.”
It was there that I had to develop a method that not only covered everything that was needed but also showed the data in a useful way. Excel sheets did not arrive – first you had to continue to guess the values ​​(because no one came home at the end of the day and wrote them down in Excel – they just tried to guess at the end of the month what the expenses had been). At the same time I began to help a Portuguese friend who did a search on the internet for software that solved this problem.
Not only would it aggregate all the data, it would show them in a truly useful format but also that it could be updated easily at the end of the day or even during the day if there was availability.

 

Why control personal finances?

Why control personal finances?

Of course my strategy is very radical for most people – but I also have a radical reason for doing so. However, for most people, I think that managing personal finances should be a priority, and certainly something that will maximize people’s happiness. Money brings happiness? Just for you, maybe not, but for sure that doing something you like brings happiness. And to do what you like, you should control the finances.