The renegotiation of the terms of a mortgage credit can be a solution for those looking for a lower monthly installment. Find out how renegotiating a loan works and learn about the exception to the rule for 2023.
The return to school is approaching and this is a financially turbulent time for parents. But there are some strategies that can help you spend less money and not tighten your budget. Let's see which ones?
The terms PARI and PERSI refer to processes that banks initiate in order to prevent clients from defaulting on their loans or to act after default. Understand better what they mean and how they work.
Housing credit: what measures can reduce the monthly amount to pay?
Faced with the new government measure to help Portuguese pay less for their home loan, it is important to analyze if it is worthwhile compared to other options available in the market. So, before activating this measure, let's see: Can you save more with a housing loan transfer?
In order to help the Portuguese reduce their home loan payments, the Government has implemented measures to support housing, such as the obligation for banks to renegotiate loan conditions with a debt-to-income ratio above 36%. However, considering the various options in the market, is opting for this measure worth it? Let's find out in the article.
During the Government's search for solutions to help the Portuguese reduce their housing credit payments, some exceptional measures are already in place. One such case is the renegotiation of contracts with an effort rate exceeding 36% and the stabilization of the installment for two years (having to repay the differential amount later). But which one will compensate more? Can they be applied simultaneously?
Do you have a Retirement Savings Plan (PPR) and want to withdraw funds early to pay off your mortgage? This is a process you can go through, but with certain conditions.
At the annual meetings of the International Monetary Fund (IMF) and the World Bank in Marrakech, Morocco, the chief economist predicted the continuation of high interest rates, which could "push the poorest countries into bankruptcy". But what to do in the face of the continuous rise in interest rates, if you have a home loan?
Do you want to fix the installment of your mortgage with the government measure? Your bank may request additional data before sending you the plan. Find out what it is, and if there is another way to fix your installment, then.
The issue arises within the scope of the legislation of the new Government measure to support the Portuguese with their home loans, fixing and lowering the monthly amounts. Find out if you have already been or are currently under the PARI program with your mortgage, you can join the support in question.
In a social network, the Ministry of Finance highlighted that the inflation rate recorded in December was the lowest in recent years. Understand it better, next.
The average interest rate on new credit contracts decreased from December to January, reflecting the slowdown in leading interest rates. Understand what is at stake next.
January was marked by renegotiation processes and hiring of mixed rate in housing credit. Get to know the data from the Bank of Portugal (BdP).
It is the 9th time that the average interest rate on new credit contracts has decreased, dropping to 3.68% last June. Check out the statistics, then.