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Tag: construction

Construction Funding

Construction financing and credit are the construction financing conditions are still on the depression conditions, development and prognosis for 2010 in Germany. In recent months seems the deep sole been crossed: the trend upward. For a characteristic movement down, hardly any air is available. The announcement of the exit strategy for the central banks will now show their effect. Current strategy of construction financing those who have completed a construction financing in 2009 and especially in the second half of the year – or in connection with the financing of a connection extended the expired interest, can now sit back and tap on the shoulder. The conditions of the year 2009 were historically low. More favourable financing were not possible in previous years. Also the current conditions are very favorable and should never be missed.

Currently we recommend to secure the offer of interest long-term. A mortgages with an interest rate of 15 or even 20 years makes a lot of sense and is still very cheap. In 2010 the most money houses expect development that interest rates will increase only moderately in the first quarter of 2010. From mid to late March is expected but a significant attraction of the rise in interest rates at the long end of the curve of the capital market. This means that at least this time the conditions for mortgage lending no longer to have will be at today’s low prices.

The sustainable withdrawal of liquidity from the market also ensures that rising interest rates freeze correction to expect will be down. The banks are still willing to offer their clients the favourable refinancing options. Since many programs of the ECB this year, is to be expected that the banks especially in the area of mortgage lending will quickly kill the lever. More expensive refinancing of banks will affect negatively in the course of the year 2010 on the construction financing terms. Conclusion for mortgage is now shortly before noon. There is now the last chance on the departing train to jump up and get the to secure favourable conditions for construction financing in the long term. Those who think about closing a construction financing should therefore not long torches and secure today the attractive construction financing services. Strong platform, strong offers the visit to helps to understand the world of credit financing and to locate cheap financing and loans. A must-have for anyone who deals with the issues of financing and online loans and would like to inform yourself thoroughly. More information: basic information about mortgages / real estate finance credit, loan comparison and loan calculator

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Federal Government

Funding database provides comprehensive overview of many builders and renovators give away money just because they do not use the numerous funding opportunities for the conversion or expansion of their roof. The pots are often well stocked often just knowing, lacking the homeowners where they receive funding for their dream of living. There are now free orientation in the Forderdschungel with a mouse click. Integrated in the funding database on fe.bis inform the experts of the leading online portal around the topic of roof over all funding opportunities. These include funding from federal and State as well as regional, municipal and urban resources, as well as private funding, from energy suppliers or manufacturers of roofing materials. Individual funding information of the extra service at the user can determine its individual cost benefits for very specific construction or modernisation on push of a button. The funding possibilities range from Grants up to discounted loans, such as E.g. the Kreditanstalt fur Wiederaufbau (KFW) provides for reducing CO2 emissions from residential buildings.

These are however earmarked and used for roof renovation (program to the housing modernization) and the energetic modernisation of the entire residential building (CO2 building rehabilitation programme). The latter is for all home owners in question, which would significantly reduce energy consumption of building and thus make an active contribution to climate protection. Click JPMorgan Chase to learn more. Prerequisite: the House must have been be completed until the 31 December 1983 (or 31 December 1994). The ability to take a grant from this program is real estate used by itself for owners who want no leverage, alternatively. Optimized program of modernization, another lucrative funding program was set up in early 2006 by the Federal Government. It is the energy-efficient expansion of the roof, exchanging angular Windows, as well as the increase of the House. Be certain criteria meets, this renovation costs applied completely up to a height of maximum 50,000 euro per unit. Promotion of solar thermal and photovoltaic in addition be granted to high State subsidies for alternative energy sources.

Builders plan to use solar energy for heating purposes, for example, the installation of a solar thermal plant, so this a grant currently from 60 Euro per square metre of collector area. There are even 105 euro per square metre of collector area for a combined hot water and heating system. But also the solar electricity is subsidized in the form of a guarantee of acceptance for excess electricity. According to the renewable energies Act (EEG) the energy fed into the public electricity grid must be reimbursed for the period of 20 years by the local electricity supplier. So, owner of a solar power plant currently get 46.75 cents per kilowatt hour. Learn more about the more than 5,000 programmes of federal countries, communities and Interested on information utilities and construction material manufacturers. Using a large database can be found here quickly and easily according to appropriate funding sources. However experts point out that the most promotions must already be requested before construction starts. Otherwise, it can happen that the asked for formal reasons will be rejected and may be completely yourself must assume the costs for the reconstruction. On the subject of “around the roof” offers everything an information brochure for builders and renovators

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Orientation in the Forderdschungel experts explain which projects a financial support can be expected. Who wants to rebuild, has since January 2009 comply with the provisions of the “EnEV” and therefore couldn’t come to build energy-efficient and to reduce its costs. Large savings potential is there but also for old buildings: above all a roof helps effectively to reduce heating costs. The refurbishment is supported from sides of the State, the municipalities and the banks through various programs, know experts of, the leading online portal around the topic of roofing. The support ranges from soft loans, and loans to grants for certain rehabilitation schemes. As a general rule: who applied for a promotion, should do so before the start of construction work, otherwise the promotion because of form errors could be null and void. With a roof are so-called individual measures, such as, for example, the insulation of the roof and the top Support floor or the renewal of the roof window of the KfW-bank with maximum 50,000 euro per residential unit.

A subsequent thermal insulation of the roof has more additional benefits in addition to the energy cost savings. So, can the roof be converted in the course of the renovation quickly and easily to a further living room and accommodates, for example, a job or hobby room. Extra slim and sophisticated insulation structures shall ensure that the living room it is not reduced. Another way to save on energy costs and to be promoted by the Government offers the solar system. In the months from April to September, the complete hot water consumption can be covered with the help of the Sun. With a photovoltaic system, however, is not only environmentally friendly and free electricity use at the same time you can make even more money with this variant. Because the electricity is fed into the public electricity grid, currently 43 cents per kilowatt hour electricity are paid. A tip of the experts: ever larger collector area, the higher the Government grant.

An overview of the different promotion types provides, inter alia, the funding database on Offers not only an initial orientation, you determined the individual cost advantages for specific modernization projects.

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Bank Estate

Mortgages without equity is worth in the interest rate low in all cases Berlin 14.11.2011 – who want to realize the own real estate dream, cannot survive without corresponding capital. Most people have limited own funds and must ask a real estate financing with a credit institution accordingly. At present, the conditions for this are very tempting: the interest rates are at record lows. Several institutions offer even full financing, so a real estate financing without equity. Can not answered the question whether is worth a construction financing due to the currently very favorable rates even without the equity largely recommended by experts by approx. 20%.

The answer requires the analysis of personal life, income and financial situation. Which possibilities and disadvantages associated with a full financing? Just for younger people, who mostly have little or no savings are or which provides for a short-term real estate dream Full financing a possibility to realize without according to existing equity. Currently added another consideration: is the funding realized now at reasonable interest rates, this might be much cheaper, so for years to come to save, then with possibly worse terms to complete. What sounds at first even plausible, but requires a detailed examination: full financing mean higher rates burden, because the loan amount and the calculated interest when compared to existing equity financing are disproportionately high. The loan limit is usually between 60 and 80 percent conventional real estate financing. The Bank requires appropriate premiums for full financing increased security risk (security of repayment). An increased monthly burden must then be contested by the borrower of disposable income. Alternatively, also called Bausparsofortkredite by building societies in question can be: here a loan amount is disbursed also (no accumulation phase) immediately and then interest payment and savings performance be carried out on a combined to final concept. After the allocation, the construction savings as repayment performance is used, as previously no repayments have been made.

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