Month: July 2019

So you get a loan for temporary workers

by Lisa Woodcock
It is a difficult matter to get a loan for temporary workers. Banks see a temporary worker as someone who has only a limited employment. This creates a high risk for the bank, which often means that a loan application is rejected. Realistically, a temporary worker must realize that a fixed-term contract can also mean that the job can be terminated at any time and then no income is available. Without income, no installments can be paid and the bank would not receive any more money. So solutions have to be found, in order to get close to a credit, which are quite available.

Loan for temporary workers – do not give up quickly

Loan for temporary workers - do not give up quickly Who wants to take out a loan for temporary workers, should not give up hope so quickly. However, to realize this path, the applicant must have help and support. If, for example, a guarantor appears, it may be easier to get a loan for temporary workers. The guarantor must meet high standards from the bank, because the loan must be secured. So there must be a positive credit bureau and a regular income. The income must be so high that it is in any case above the attachment exemption limit. In this case, if the installment payments fail to materialize, the bank may seek a garnishment and will not remain on debt. A part-time worker, a housewife or a houseman are not taken as guarantors.

Use credit for temporary workers opportunities

Use credit for temporary workers opportunities Contract workers will find it easier to hire a car loan. Most cars are funded. Chances are best if the temporary worker can make a high down payment on the vehicle. The vehicle registration document would remain in the possession of the bank until the loan is paid off. This creates a very good security that many banks accept. The deposit can be made for example by the old vehicle, which is redeemed at the dealer. Thus, the new vehicle can be cheaper and thus reduce the loan amount. Especially when the car is important to take on a new and better job, banks support the applicant quickly and easily.

The real estate crowdfunding

by Lisa Woodcock

Risks do not prevent its success

Risks do not prevent its success Appeared in 2014, crowdfunding ( real estate crowdfunding ) , a new way of investing in real estate is a huge success. For the first quarter of 2017, the real estate crowdfunding specialists’ barometer is 20% higher than in 2016 over the same period. This means that more and more private investors are attracted by this type of financing , which generally offers a low entry ticket and an often attractive return . In all, this is 36 million euros collected since the beginning of the year, via 22 platforms, to finance a total of 85 projects. According to the forecasts, by the end of the year the total collection could reach 90 million euros, for a forecast of 180 to 200 funded projects. The real estate crowdfunding allows mainly to finance programs of promoters. They turn to the platforms when developing their financing plan and propose long investment periods, with profitable returns. Other players in the real estate sector are gradually joining them. Indeed, developers and developers have started since the beginning of this year to turn to crowdfunding real estate , despite their need for funds is lower. The consequence has been a general decrease in the amount of collections, rising from 476,190 euros in the first half of 2016 to 423,529 euros in 2017. Another novelty, the projects financed no longer exclusively concern real estate residences but also offices, logistics needs and also shops. It is mainly individuals who invest in participative real estate financing .

An investment that pays off

An investment that pays off Barometer actors say the results are very encouraging . The amounts reimbursed in the first half of 2017 amounted to 9 million euros, whereas in 2016, it had only reached 5 million euros. Ditto for the number of projects reimbursed , 12 for 2016, while they are 31 in the first half of 2017. Experts say that these statistics are very positive. With 15% of funded projects already repaid to investors since the start of crowdfunding in France, the trend is confirmed. Half of the projects funded in the first half of 2016 have already been repaid. The average yield went from 9.2% over this period to 9.5% in the first half of 2017. However, one must always be cautious and above all aware of the risks. In case of problem, the investor can lose all his bet because there is no guarantee. Even if some show a yield ranging from 7 to 12% excluding taxes over a period of 12 to 24 months, legal proceedings are underway against certain platforms. It is strongly recommended not to invest more than 5 to 10% of its assets. Investing in the “crowd immo” is attractive for individuals, provided they have funds and balanced finances. The one whose budget is overwhelmed by monthly payments scattered several credits, may consider a grouping of loans . It allows all outstanding loans to be combined into a single loan at attractive interest rates in order to repay only one monthly payment that can be adjusted downwards. This operation increases both the repayment period and the total cost of the new credit.

So you get a loan for training

by Lisa Woodcock
The credit for training should be better described as “credit for your own future”. Access to education is more important today than ever before. Only those who continue their education, whose knowledge remains in demand. In an aging society, constant learning is one way to maintain personal wealth or expand it. The following article discusses the importance of continuing education in Germany, how this further education is financed.

The loan for further training – investing in your own future.

The loan for further training - investing in your own future. The most important investment in a person’s life is investing in their own future. It is financed by the credit for further education. Historically, the forefathers had it easier. The training consisted of teaching, at the end of the journeyman’s examination stood. In the craft, the journeymen went on a hike. This time of wandering, following training, was often the only training a journeyman needed. From then on he was educated, settled down and usually worked until retirement with the same employer. Many carpenters of this time may dream back today. To be in business today requires lifelong learning and constant flexibility. On-the-job training is a good means, even without the credit for further education, to keep your own level of knowledge up to date. In many companies and all industries, responsible entrepreneurs use the opportunity of in-company training for their employees. You have recognized that there is no free competence and up-to-date knowledge for free. Low staff turnover at the current level of knowledge are the advantages that these companies derive from it.

In further education, private initiative is needed.

In further education, private initiative is needed. Fewer people rely on corporate subsidies alone today. Social change is forcing people to rethink. Everyone has to become active today and at their own expense. The credit for the training helps. In the case of major leaps in education, for example the master’s school, this can be done less and less often as a part-time job. Working hours today demand flexibility and overtime. After work, therefore, the training is increasingly difficult. So many people opt for a full-time education. Loans from the finance the measures. With an APR of 3.48%, KFW loans are a favorable loan for continuing education. Collateral, which is indispensable for other loans, does not have to be provided. Even a legal claim exists on the subsidies. If you can not claim KFW-money, you can only finance it with normal loans. Banks are not always the best contact for this. The extensive lending rules also prevent continuing education loans from unemployment. The credit for the training then comes mostly from the private credit market.

How do you force your bank to lower your mortgage interest?

by Lisa Woodcock
Change interest outside fixation anniversaries. These are rare cases, but they happen. In that case, you sign a mortgage contract amendment.

Possibilities of mortgage interest deduction

Possibilities of mortgage interest reduction Change interest on anniversary fixation. If the bank offers you good interest automatically, you don’t have to sign anything. If you have negotiated better terms, then you need to sign a mortgage loan amendment in some banks, specifying the conditions under which you will receive preferential interest (most often by sending an account or changing the account type). Repayment with a new mortgage in the same bank. In this case, you sign a new credit agreement. A few banks allow their clients to take a new loan to repay an old mortgage loan within the same bank. If they can’t give you a better rate in a different way and don’t want to lose you, they’ll let you. Some will even allow you to stay out of fixation and will forgive you a discount for early repayment of the old mortgage. Standard refinancing and repayment with a new mortgage from another bank. Everyone knows this. You take a new mortgage in another bank and repay the old mortgage in the original bank. To do this, you sign a new mortgage contract.

With the offer for a mortgage from another bank, it is easier

With the offer for a mortgage from another bank it is easier If you are going to negotiate and want to increase your likelihood of success, without a competitive bid from another bank, you will find it harder. An offer that has a greater weight and your bank will take it seriously is one with your name and details. However, competing banks are very reluctant to offer such offers to their clients who want to refinance their mortgage. In some banks, even employees are strictly forbidden to do so and will only give you an offer without a name. They know that when you come to your bank with the offer, they are more likely to call you and they would lose their business. If you want to redo this offer, you must convince the bank employee to issue you such an offer, or if you have someone in your bank who is known to you, you can ask for it and there is a chance that it will suit you. Another option is to reach a financial intermediary who can prepare you a specific offer with a name and your data from almost every bank and you can use it to negotiate with your bank.

Overview of mortgages from all banks

Overview of mortgages from all banks If you have an overview of mortgages from all banks, you can easily evaluate and compare whether the current interest on your mortgage is beneficial to you or not. It is ideal if you do it or have it done before you start negotiating to lower your mortgage interest in your bank. You can circulate all banks alongside your work or you can simplify it through your financial intermediary and take advantage of his experience. Anyway, if you force your bank to lower your interest on the mortgage, you will certainly pay less.