Work Force 2008

Order anti-crisis to help families

by admin on 03/11/08 at 5:02 am

These days you are talking about the anti-crisis decree to lift the Italian families from the negative economic, which is crossing the country in recent years.
Among the many initiatives it was one in favor of borrowers.
The new idea of government is:

“The amount of installments to be paid by the borrower, the mortgage rate is not fixed to be paid during 2009 shall be calculated by reference to the greater of 4% with no spread, and other expenses, or other type of increase and the rate on the date of contract of signing the contract “

Or up to 4% is to pay the debtor, while the number exceeds this rate, will be borne by the state (but still not explained how this expenditure will be incurred).
However, Euribor continues to fall and most likely soon will be below 4%, that’s probably because the measure must be adjusted. Not only in percentage terms, but also legal, in the event of a sharp rise would be too high a load on the shoulders of the state.

From next year mortgages may be calculated on a basis different from the usual rate Euribor.
It would be a step back in time by returning to the old TUS, Official Discount Rate that with the coming of the euro has turned into the ECB reference rate which is currently 3.25% (data).
If the decree will come into operation next year, could ease the installment of the loan, both for new borrowers and for those who have a mortgage before.
Thanks to falling interest rates and partly to the introduction of the measures in this regard.