Continuation of Multi-thread on the mortgage (2)

Very good idea to open new page, if you sir.

Rul, the good of the forums is that everyone expresses their views and enrich us all with more or less successful contributions of others.

If the best analysts have forecast the markets often totally contrary, as we will be completely agree us.

Look for Booty and Amancio Ortega. What for is no longer an interesting (real estate) for the other it does, and both have shown throughout your life that business and understand much.

Hi I'm Willy.
dns seems that the company has problems with this url as post directly to the ip 72.167.32.23.
The problem is that I can not sign well
Well I tried a truquillo and at least I can post a bit by changing the source of the page.
And now the Turró,

The Development Bank of Japan issues bonds to 20 years denominated in Euros

It seems that the euro is starting to be imposed as a world currency

The japos (like OPEC) are that doctrine and the dollar, so it is no wonder that news.
With the deficit so bestial that it has USA, and with little confidence that international investors have in the Busch friend, the dollar is going to pique.

Not so long ago, suppliers from China, Taiwan, South Korea, and so on. issued their bills to their customers in Europe in dollars. Now it is rare to find a bill that is not in euros.

Anyway I think the biggest batacazo for the dollar would be if China decides to change much at the end of its dollar reserves into euros.

Willy eye to the data or ;-).

Translate a little news that "The Bank of Japan's development issues bonds to 20 years denominated in Euros," Is that good or bad?.

Thank you.

Hello Rul,
that seems to clopez finished tuning the server, or I hope so
I think that has to be good, it means that the Japanese are beginning to bet on the euro instead of dollar and if this serves as an example to other countries because our beloved euro could be funded in part because, as he enters the dollar, by the other countries. Because it would have to buy euros against their currencies to pay for petroleum, gold, ...
As such, if the euro moves to the dollar on the world market the euro will be strong with respect to all currencies.

Latest report of Bankinter
Today: "The late American can be better"
Or less bad ... because it is more likely to have a
new session bassists of bags, from opening up European
mainly due to the appreciation of Asian currencies
that occurred last night as a result of the pressures
various representatives of the G20 (there is this meeting so
week) are exerting on China to agree to reassess
the yuan. Although we see the latter as unlikely, the truth
is that the appreciation of the JPY introduces additional fears
respect to the carry-trade, and that, in turn, removed from positions
bags, if only as a precautionary measure. The approach
increasing risks of the report provided by the BOJ leaves
Clearly, any rise in rates is postponed sine die is not
again, but does not help at all. It does not appear that any of the
macro indicators are published today that Americans will leave
good to help reverse the situation. With the bond
European reference to an IRR of 4.11%, we see no
tour, despite the bad context of bags. The USD can be
appreciate today by passing a few comments
encouraging for Paulson, perhaps up to 1.4615,
but will revert to back away. In the event of a break
positions in pockets today, better wait for the afternoon. In any
case, it would be more appropriate to take some short positions ...

Go to the BOJ is not for the work that is nothing to yen appreciation. That is what I gather you for everything you read, do you not you think?

With the forecast of 150 yen at the end of 2008 from Deutsche Bank believe that it was, losing weight and gaining against the Bankinter 180. What do you think?

Another reason why it is not interested in Japan that the yen will appreciate:
http://actualidad.terra.es/nacional/articulo/nikkei_vuelve_caer_fortaleza_yen_2020107.htm

With the strong yen is more difficult to get out of this alleged crisis laaaarga more than ten years (sic) which are, as the basis of its economy is export, is not it? ( "Crisis, what crisis?", Said years ago Supertramp)

Do we really Japan is in crisis?
Someone has unemployment data, income per capita purchasing power, etc, etc.
I say the same thing at other times, maybe it sounds naive, but a boat soon, for my people have a better standard of living in general, is a people richer than us, so that's what we all know, no ?
What are some who do not consume Racan and the export of live?, And what is true? but exported by a tube, and that is why they are interested ... a weak yen. ah! but they are in crisis!
Please have someone who can explain more.

JOSE08100 the bad data from japan:
The unemployment rate in Japan is more or less:
On Sept. 4%
3.8% in August

The recent spike in unemployment and the stability of wages can not predict that the upward trend in consumption will remain in Japan.

Between July and September, the real estate investment contracted by 7.8 percent, reflecting the largest drop experienced by this indicator in ten years.

As you can see the GDP goes up a lot, but this seems not to be shared among the population.

Does anyone know of any entity that can reach 87% of the value of valuation, I have assessed at Caixa Catalunya and I need this percentage is, I say they are struggling, but it seems that all entities are tightening the conditions.

A greeting

Good,

an unemployment rate of 4% is actually very good. In Spain we are about 8% and say that this very well. In fact, it is said that an unemployment below 5% is considered full employment. That it Callers rest would be technically unemployed: those who change jobs, those who simply do not work (one of the partner) and takes care of the house, located off while the other, those who reach the age of working, and so on.
So 4% is more than good (the only one who is not working Chin Chan, ejejej)
What's the investment inmobiliria do not understand it very well. Well, if it is not built, therefore, is that there is not much demand and the housing market that say "complete" for now, can it be? Why not be for the interest rate to buy houses or to build.

Not Willy, again at the risk of sounding naive (or ignorant) say that at first glance Japan and Japanese society is not displayed as a society in crisis. Argentina was in crisis a few years ago with the theme playpen, that people really did not have or lost a lot ...
At what is called a crisis? Do the banking and the company did not earn such barbarities that every year they say they earn?
A society that has virtually no unemployment, which has a welfare state probably invidiable, developed with housing and decent jobs, etc, etc ... because I am naive or ignorant, but I do not think that is a society in crisis, no that you think.

Hello! Taking advantage of the web is going fast, I hope you do not amount to spend two lines to thank Willy and Ironman for all his comments for what they teach. Thank you!

Today, I said that when brought to light in 2008 audits on this year's Financial Institutions, the effect of the subprime crisis may worsen. Huh, huh? Do not you and the markets are discounting?

hello, I would like to know if today is a day of the ariesgado out a mortgage in yen and multi whether this espectatiba that the lower against the euro, or is it more reliable to do enfranco Swiss

Hello, today I have given in BBVA Conditions for an HMD of libor + 1.25% with a review every 6 months.
What you think?
It's a good time to make the HMD.
Thank you.

For Aghor
conditions that BBVA has given you the best of the worst ... you can find!
Without wishing to offend, and I think I say that conditions are appalling. The banks are tightening the conditions of HMD mainly because banks or boxes that make them (very few) are making more mortgages that HMD Euribor, said the director of a branch.
Check for any branch that they know that the product is as Bankinter, Barclays, Caixa Catalunya or BBK I think I left any. The difference is in these banks or boxes between 0'65 and 0'90%% and the review period between 1 month to 3 months.
It is always a good time if you can save some euro and like I said before the banks are tightening the conditions and what they have told me they will go further with the HMD.

A greeting,
Afrikaans

Hello everyone

I therefore join the thanks of NIN Willy and Ironman ... and all the others. And no posts to be distributed by oblivion Clopez me that thanks to him we can keep in touch.

For Aghor

As rightly said Afrikaans banks are tightening the conditions and certainly these are not those which had only a few weeks ago.

In my opinion humid conditions as those plants are to make a lot of numbers and think very well the decision.

I think it is not hire "at any price" and it would be more coherent is "kicking" as much as possible to have the option of being able to recruit reasonable terms.

I try not to "marry the first" and devote some time to look for more deals because they see you as worth it.

As for the risk of contracting the MD at this time, I have one thing clear, namely that the word "risk" is a constant, that was when I hired my own (and going for four years), which is now and that be sure that next year.

Perhaps study the pros and cons and raise possible scenarios you can help to see whether this risk is manageable.

I am aware that this does not resolve your question but that the most consistent is that you're coming to the conclusion.
At least have the consolation that we are here to help as we can.

A greeting

Agustí

Hello everyone
you pass an interesting link to clarify concepts, so that veais he has to see the pair USD / JPY, with the S & P 500, with the carry trade. and this affects us as EUR / JPY, which is the important thing for our mortgage.

http://www.lanacion.com.ar/wsj/nota.asp?nota_id=962332

a greeting

the question is that to get today and from now on a HMD, you have to be closely the movements of these currencies, and study the changes prior to your HMD, the cotton issue is that, and we look like we can do a little more "professional" on this issue, that is where we can "soaked" all the information we need we need for our HMD, it is true that there is safe for her? if you paste a subidón the currency of your HMD? I do not know if I pudiérais redirgir a little afraid I really appreciate this, all SalU2

For 1087 # Lynxai

He had not seen your comment. I am writing an email with everything I have seen so far which is basically the same as I have already commented.

A greeting.

Hello again,

you know a page with charts of the currency as dailyfx.com or fxstreet.com but in Spanish. I have an English half in English but I am technically more complicated, I would like to get more juice to these historical. I do not find in Spanish.
greetings

For Silvia

In my view hire an MD comment as required continuously watch the movements of currencies (some people on the home page now has the real-time quotes ...) that we are a core issue.

For the rest I first thing I would do is "familiar" with the MD and for that we would seek as much information as possible, and for that you need to read the post earlier this forum where you have to find a vast amount of information and views a number of issues relating to this mortgage environment.

For you to go "familirializando" here are some addresses to obtain information in real time:

http://www.ac-markets.es/

http://spanish.fxstreet.com/cotizaciones/monedas-tiempo-real/

http://www.bolsacinco.com/ficha_general.htm?tipo_ficha=divisa&ticker=TEF

Also find information on the pad that I think TAMA.

Silvia I would say that first of all you have to have patience and "put the batteries" to learn as much as possible. Slowly but surely and not worry that if questions arise you'll always be here to try to resolve them.

A greeting

Agustí

* my mail:
mefagusarrobahotmail.com

Hello, I am in punyo signed with Barclays, but there is something that I am not clear, ask if a change of currency, the girl of Barclays tells me that make it 2 days before the revision, but if I would change the day 6 and the revision is the day 26, the currency could change a lot, should not keep the change when I ask for a change, someone can clarify how it goes this a reality.
thanks.

Pere, that depends on each bank.
The truth is that by removing the People's Bank, it is rare to find entities that allow you to change your currency on the day you want, requiring you to do so at the expiry of the quotas.
In the case of Barclays, when I was in negotiations with them, and as a "special favor" allowing me to change your currency at the time, as long as these changes were not normal, because operationally for them, was a Christ. Therefore, apriétales, that if they could do except me, like you can do it too.
Otherwise, you can hire a sure hand but will have to negotiate it committee before doing anything. The cost is the sum of the commission, you can go between 0.05% and 0.20%, plus or minus diferecial interest rates of the currencies of reference.

IMPORTANT FOR that you have gone home OR HAVE A MORTGAGE WITH MD BANKINTER.

In order to change currency on the day you want on the date you want and not have to wait until the maturity date of letter, your bank will need to hire a "line of insurance rate," whose cost is low, but you will perform the operation.

And why do I know? Because I sign this morning line changes, and I could not do this at the time that I wanted and I could not ...

WEnas Rul, I hired a tenog HMD also with Bankinter .. I can say that steps must be followed and that has cost the recruitment of this "line of insurance exchange rate" you comment?

Thank you very much and although I am not a person of escrbir lot in this forum if it has helped me in many respects.

A greeting

Miguel, I have responded to your mail with the conditions of Caixa Catalunya Carretera de Cádiz and the idea of BBK and Kutxa, to see if we can put pressure here in Malaga it seems that the thing is difficult.
By the way how veríais the idea of traveling, ultimately, to another city to demand conditions and then you transfer the operation to your nearest bank ... is it feasible?
Finally someone could send me the famous tools collected by TAMA because their links are currently broken. We appreciate enormously.

A greeting,
Lynxai

Hi I'm new to the forum and took a few days reading your comments, I feel very good that the Multi mortgage, I would like to get one, now I have my account with santander, there is someone to keep pouring with them and that I could guide conditions that gave him? and if I can not advise entities that provide better conditions? , I thank in advance all information that detallais in the forum and a new hope to be more Forero, a greeting.

Cachycuela.

The steps are:
1 .- Talk to your office.
2 .- Tell you want to open a line sure to change your mortgage.
3 .- We ask the last 3 payrolls, personal income tax and the Ibis.
4 .- You mentioned one day and secure the signatures before a notary.

In my case I have been told that the cost will be about ... about 34 € and I have a cojohipoteca ;-).

Just one question:

I understand that this product is risky, and all that, but, with the data from today, talking about mortgage in yen, the Euribor at 4.56, libor +0.75 and change in approx. 162 yen / euro, the difference in a mortgage of about 130,000 to between 20 years to pay in yen and euros would be almost 300 €. I understand that the HMD is not dependent on a single datum (interest rate) but four (Type here, type in the country of the currency, LIBOR and foremost, the currency exchange), and that one day they can change and make a return, but I also see that if they "look" the first three (just to make the calculation), leaves that change should be of equal the 141yen/EUR to share a traditional mortgage ...

In light of this, if I save in a year, say, about 250 × 12 = 3000 €, and even then the yen will quit the boards, I always left the option to jump to another currency in which the problem is that I "spare" less ... where is the "superriesgo" that keep talking about ...? Sorry, but I can not see it, unless we believe we have to save those 300 € and have it with the joy that characterizes us, forgetting that can not and should not ...

I do not know. Like I'm saying a string of jets, not because I am no expert, but ...

A greeting.

TGG

Hello,

They just make the following offer for a HM yen:

- Quarterly Libor + 1%
- Review: Quarter
- Amortization: quarterly quota steady. Declining share
- You can make so many changes from one currency to another as you want
- Deadline: up to 30 years
- Committee opening: 0.25%
- Committee currency exchange: 0.20% (do not specify any minimum)
- Committee amortization. 0%
- Committee change / Redemption: 0%
- Committee early cancellation: 1.00%
- Committee subrogation between entities: 0.50%

As this information I have gone through e-mail there are things we do not know until tomorrow: HM conditions for the euro, for example.

Dieseis I would greatly appreciate your opinion on these conditions. Anybody with libor quarterly for comparison?

Obviously has its pros and cons. Those who I see and I would like someone to tell me if I left any, are as follows:

PROS:
- How predictable is not a drop of libor / yen (however, is more likely a rise) during the quarter are sure the interest rate.
- The quarterly depreciation allows you to have a dinerillo that, otherwise, would have the bank (dinerillo that would serve to invest, buy yen ...)
- By having a quarter ahead, it has a period of time to decide when to buy yen at the best price.
- If the yen was revalued during the quarter got a little "cover his back."

CONS:
- If the libor low, you lose money (although not likely)
- If the yen is devalued during the quarter, you lose money.
- The quarterly redemptions may be harder to carry, but this is totally subjective
- The spread of 1% is a bit high.
-?

Apart from the issue of differential (will try to negotiate), the question I posed is that if, in the event of a devaluation of the yen would be offset potential losses with investment dinerillo the quota that does not have to pay until the next quarter (more "security" that gives rid of possible increases in the libor for 3 months).

PLEASE, I hope your opinion (is that right now my head in the blandiblú).

Thank you and greetings

TGG, very easy.

Well, that if the pair EUR / JPY rose from 162 to 141 as you put in your example, that means your debt will be increased by 13%, meaning that instead of duty to the bank 130,000 euros, you will need 146,900 euros. If you also switch to a currency like the euro where rates are going to be much higher than the yen because that would mean paying a fee to spend much more than at the beginning of the loan. Make numbers.

Correction: I said where 141 €, 114 € are actually ...

Sorry, had not read the answer before upgrading.

Yes, I understand what you are quite right, Ironman. Thank you for your prompt response and apology my obstinacy, but ...

Still, I see that a traditional mortgage comes obviously more expensive, because this way you end up paying almost as interests of capital, however, so this one is just as expensive, there is too much to pervert the data (although could change all at once). The risk is that with an HMD, the debt could end up with some very high fees, but to do so, current data are to shoot. This is the same as if the Euribor now climbed to 15% or 17%, which is the kind that had when I was little ... what do you pay a fee traditional mortgage?

Greetings.

TGG

Because statistically speaking the chances that shares with a yen loan in excess of one euro are low in the short to medium term, but despite being low, you have to take into account the risk, because it will always be there.

To understand it clearly could bring the example of comparative fixed-rate mortgages and variable. Over 90% of those made in Spain are variable and short-medium term "seems" to ask for more profitable variable interest at a fixed rate of 6-7%. But let us not delude ourselves. The variable interest they have some inherent risks and if not, look at the example of the U.S., where there are many people who are running out of their homes.

For the relations between a mortgage in yen and a euro could be similar to the previous example. Apparently it is more profitable in yen but there is a risk and we must know clearly before entering.

Hi, this is the first time that I get in a forum, and more in one of these, I have a mortgage with the popular € 251,000 payable in 23 years (Euribor +0.65), I was raising the possibility of making a HMD to yen, but seen the messages of the forum, what would be appropriate to wait before changing? besides, I have a mortgage at the same bank of a local and this Euribor +0.75, this type of mortgage you can not move to multi or do you? you know of any other bank in a better position?
I like that I address these questions and I informeis a bit (to see if I learn a little bit) of all this, because now I have to take responsibility for these things and not be quite as well.

Thank you very much

repitro forgiveness but the question of my post # 21

nobody knows of a page with charts of the currency as dailyfx.com or fxstreet.com but in Spanish. Spanish-language menus of the charts I mean.
I would like better studied and groin s technical cost me more.
thanks

Forex News:
Here is the latest news on the forex pair USD / JPY. Traders seem to point to an appreciation of the Yen as specified below .... And as some OPEC countries diversify their operations in the crude oil in currencies other than the dollar uf ... we'll see "Crossing USD / JPY (dollar against the yen)

"The crossing USD / JPY (dollar against the yen) is negotiated at this point to 110.26 yen per dollar.
The trend, both short and long-term bearish. The pair is looking to repeat the targets of 109.77, 109.20 and 106.00.. " I put this crossing is already known that the pair EUR / JPY depends on this. Greetings forum

To # 29, Rul
Hello Rul I would be grateful if you explain what a line of insurance and change how it works. I am studying the HMD with Bankinter and I like to be informed before negotiating.

a greeting and thanks in advance

For Willy
I think you read a message earlier that the change which was considered good for your entry to the HMD in yen and Swiss franc
Since I can not read the previous post you mind repetirmelos

Thank you

Hey Jack,
this is the answer that I gave Arsenio
But on the subject of CHF you can not give any opinion because I am still not much the track.

Headlines curious of the day:
EURO / DOLLAR:
Reached another new peak at 1.4766 to the scene of rates and speculation

ASEAN Summit
China, Japan and South Korea adopted to create a system to stabilize their currencies in a crisis.
This decision has been taken trilaterally in the framework of the ASEAN meeting in which it approved the creation of a Customs Union in 2015.

According Carpathians: 9:37:31 h.
It is noted for large Russian operators heavily buying euros, it seems that the Russian central bank is to these large operations.

CFTC speculative positions
According to data released on Friday by the Commodity Futures Trading Commisssion, operators continue to clearly betting against the dollar. What is striking is that speculators are short compared to the Dollar at all crossings even in the Yen, which is the source of funding for carry trades. The growing risk aversion increased long positions in Swiss francs and yen.

The aversion to risk means that both long and short positions are reduced in most currencies ls.: As a result the net position of speculators down to 65,700 million dollars compared with 80,600 the previous week.

The Yen turns around and for the first time in nine weeks that there is a net short position. It gets 20,796 long against the 8897 short of last week.

En el Franco Suizo aumentan los largos a 15.503 desde 2.419.

El Euro reduce su saldo neto largo a 69.429 desde el 76.048.

La Libra esterlina también reduce su saldo en 16.701 a 43.625 contratos largos.

Los dólares canadienses reducen su marcha a 46.723 contratos largos desde 63.588.

Los dólares australianos también reducen su fuerza larga a 32.828 desde 50.637.

El kiwi neozelandés reduce su saldo neto largo a 10.423 desde 13.381 de la semana pasada.

Soy nueva en el foro, aunque llevo leyendolo varios meses. El año que viene quiero hacer una HMD en yenes y me gustaria que alguien me exlicase que es el fishing y como lo aplican los bancos a es las HMD.

Gracias a todos por aclararnos tantas dudas.

Para #39, JOTA:

Esta línea te permite cambiar el día que tu quieras de divisa y no ceñirte al vencimiento de tu letra. Con lo que tú decides cuando y cómo cambiar.

Para Pere:
Para asegurarte el cambio de moneda el día que tu quieras también te puedes abrir una cuenta en yenes. Así vas metiendo la moneda aquí y luego das orden a tu banco de que las cuotas te las vayan pasando mes a mes de esta cuenta. Es la forma de asegurarte el cambio, porque por lo demás todo va a ser igual ya que el fixing te lo van a seguir cobrando pero al menos compras la moneda cuando te interesa el cambio y no que si espera a los dos días antes de la cuota no sabes si te va a beneficiar o perjudicar.

Eso sí u muy importante: si piensas en abrirla negocia con el banco que no te pasen comisiones de mantenimiento ni apuntes en la cuenta nueva, que ya bastante les pagamos por todo lo demás.

Saludos. Celia

#45, celia.

Si, pero la diferencia, es que con la línea de seguro de cambio, se lo puedes aplicar a todo tu principal y no sólo a la letra.

Es decir, cambio de divisa TODA la hipoteca al cambio que yo decida.

Con lo que tú explicas (esta muy bien) pero sólo te sirve para las letras… a no ser que tengas en divisa todo el principal… en cuyo caso no se para que tener hipoteca ;-)… Pero vamos esta es la idea :-D.

Hola, después de varios meses leyendo este foro y otros, el Jueves firmo.
Hoy he dicho que entro en yenes, sin riesgo no hay gloria. Allá vamos…

Banco Valencia

L. Trimestral + 0,75
Euribor + 0,5
1×1000 apertura
2×1000 cuotas
0,5 subrogación

PARA RUL… TENGO UNA MD EN BANKINTER.. Y ME GUSTARIA QEU ME DIGAS QUE ES Y EN QUE CONSISTE.. UNA LINEA DE SEGURO DE CAMBIO……GRACIAS…

Hola a todos, entro nuevo, pero llevo leyendo mucho, mucho tiempo, …desde el comienzo…entro en HMD y en yenes, con un par…de ojos puestos en la evolución de los datos…Gracias Agustí por las herramientas, os iré informando de las vicisitudes, porque de entrada he conseguido una buena oferta en el popular nada más que preguntando sólo por este producto, tengo algo en la bbk y espero que me puedan hacer una HMD sin cambiar de banco porque las comisiones serían elevadas claro, pro lo dicho en enero y en yenes, eso lo tengo claro. Seguimos en contacto, !vaya foro!

Hola, buenos días.En unos 15 días firmo una hipoteca multidivisas y creo que de momento la hare en yenes ¿ como lo veis?, estoy un poco asustada.

Saludos