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Ten questions and answers about paying off your mortgage



Ten questions and answers about paying off your mortgage

Questionwho has a home loan at a floating rate will be exempt from paying fees for early repayment next year, reminds DECO Protestsrecommending that “if you have savings, Paying off home loans can be a good solution to reduce performance.

The consumer advocacy organization prepared a set of questions and answers that I came to to clear up some doubts about the amortization of debt in a home loan. Stay on top 10:

1. Are there minimum amounts for early repayment of the principal on a mortgage loan?

“Not. Depreciation can be partial, in the amount available or full. However, the larger the amount to be amortized, the lower the amount of interest payable, and therefore the smaller the monthly payment payable to the bank. Use the file we provided above to model the impact of capital depreciation on monthly payments.”

2. How much of the early depreciation fee is paid?

“Currently, the fee paid to the bank for early repayment is 0.5% for floating rate housing loans, that is, five euros for every 1,000 euros returned. For fixed rate home loans, this fee is 2%, i.e. 20 euros. euros for every 1000 euros of redemption.

However, in 2023, with the measures announced by the Government, floating rate housing loans will not pay prepayment fees. If you have some savings on the side and a variable rate mortgage, this may be the right time to pay off the bulk of your loan.”

3. Can I pay off the principal on my mortgage at any time?

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“Yes, you can repay the borrowed capital whenever you want. You don’t have to, for example, wait for the anniversary of the title deed.”

4. Can the bank refuse early repayment?

“No, if there are no restrictions from a contractual point of view. Although this is rare, the contract may provide, for example, that early repayment is possible only after a few years after the start of the contract.

5. Is there a limit on the number of repayments I can make during the term of the loan?

“Not. You can repay the main debt as many times as you like, namely every month. However, it is preferable to save a good amount and make annual payments. If you make monthly payments, you will reduce your principal debt faster. However, if you do an annual depreciation, the reduction in the monthly payment will be more significant.”

6. Does the premium decrease next month after depreciation?

“If you are making a partial principal repayment, the period over which you will see the reduction reflected in your monthly payment is seven days. If the repayment is in full, the period is ten days. However, if your monthly payment has already been issued or calculated, you may have to wait until the next month to see a decrease in the amount due.”

7. I have paid off my entire mortgage loan. What should I do next?

“If you have already repaid the entire amount due on the loan, you must request a distraat, a free document confirming the repayment of the loan from the bank. Then, at the Land Registry Department, you must request a burden on the property, since when buying it with a bank loan, it is given as a guarantee.”

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8. I have money invested in PPR. Can I use it to pay off my mortgage principal early?

“Not. PPR can be used, for example, to pay mortgage installments that are past due or due, but not to prepay the principal on a home loan.”

9. There are only four years left before I pay off my 30-year loan. Should I depreciate?

“You can always amortize it if you don’t have an alternative application for your savings that will allow you to make a big profit. However, if you only have four years left to repay the loan, you will no longer pay a very high amount in interest and, therefore, the cost of the loan should no longer be too high.

10. Does prepayment of borrowed capital affect the IRS?

“Not. Currently, interest on loans entered into before December 31, 2011 can be deducted from the IRS. Contracts entered into after this date do not have this tax benefit. However, because they represent a significant expense for families, DECO Proteste argues that, as in the past, interest on all home loan agreements can be deducted from the IRS.”

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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