What bad luck!
I recall with a bit of nostalgia in those days that the economy was managing only 500 pesetas a week that I gave my parents to spend the week. I gave the Friday, and the first thing we did was go to the candy store, I spent 100 pesetas in sweets and came home to comérmelas while he saw the "Farce" Alfonso Arus. One of the most brilliant fakes, made by the presenter, was that of Jose Velez (PEPE GAFE), with those giant yellow glasses. Singer home to Canario attached to it the power to gafar everything that was played caricatured as the king of gafe week after week. It is said in the audiovisual world that the presence of Jose Velez was set at any harbinger of all kinds of bugs.
In real life, the lot must be cultivated, if acted responsibly and planning, probably before a problem, leaving succeed and people will say that I have had luck Menuda, but without seeing the fate that often gives a boost to those who have cultivated to reach the ground. Similarly, bad luck can also be removed from our lives using our head a little.
Let's see the example of those who were disappointed because they are going to review the latest Euribor high before falling these days, which is expected to remain a good season.
Flat funded at 100% of the valuation that matches your purchase price, he or the buyer / en had saved for expenses of deeds, taxes, etc ...
Data calculation:
Price floor 240,000 €
Initial capital funding: € 240,000
Term: 30 years
Differential: 0.75%
Signed: November 1, 2003
Last Euribor published in BOE (Oct. 20) 2258% (average September)
Successive revisions:
September Euribor 2003 2.258 2004 2.377 2005 2.220 2006 3.715 2007 4.725 2008 5.384
Shares after each review.
Date Euribor Quota December 2003 2.258% 1007.62 December 2004 2.377% 1022.21 December 2005 2.220% 1003.54 December 2006 3.715% 1182.12 December 2007 4.725% 1306.29 December 2008 5.384% 1387.61
It is clear that the rise in rates has increased the quotas mortgage by almost 40% in 5 years, but we must accept it because that is what we have variable rates, but now that it appears that the Euribor curve starts to fall and despite this, will continue to pay the Euribor September (5384%) when a Dec. 1 will be below 4.30%, the subject can take two positions:
1 .- Putting a giant yellow glasses and say "THAT BAD LUCK!"
2 .- To take in the matter and espabilarse. If we want to implement the November Euribor there to sign a new mortgage between December 21 and January 20, and that we go.
It is said that today the banks do not want to know anything about mortgages, and this is not true, the banks want to know anything about bad mortgages (over 70% of the current valuation, shares representing% higher than 35%, etc ...). What we want is good mortgages, and mortgages are killed for stealing good competition. A few days ago, I received an e-mail the following offer: (Do not put the entity because they do not pay for it, but that was more than one bank is a game of "good")
- Interest rate: Euribor + 0.38%
- Term: 35 years (maximum)
- Amount: 60,000 euros (minimum)
- The Bank bears all costs of Subrogation (Notary, Taxation, Gestoría Commission for cancellation, ...).
- Funding of up to 70% of the value of valuation.
- Faced request for extension: Maximum 30% of the outstanding amount.
- ETC ...
As you see, if firmásemos this offer:
- We apply the lowest Euribor
- Reduce the differential
- We have no cost or a euro.
In the event that comentábamos, subrogation of the Euribor to a 4123% with a spread of 0.38% of the new mortgage would give us a share of € 1.190.03.
We turn now to reflect on the good and bad luck. In our case, remaining amortization of € 215,625, and the original valuation was € 240,000, which represents a 89.8%. Or is it priced at a value exceeding € 308,000 or may not qualify for the subrogation of the announcement said.
So, those who had saved something and gave it entry to the flat, will have "lucky" to be able to benefit from the desperation of the financial institutions to get good mortgages, and those who bought without prior planning, will have the misfortune of having to continue to pay a higher differential and not be eligible for the fall in the Euribor until they touch. In the bar, which could not benefit from the offer it will tell another that has a lot of luck.
So, should we rely on luck or we grow it?
Oriolrc written by the November 24, 2008 with 308 points.








# 1, Solbes ruin zp unions
baton: 4.051
buenois days