Connect with us

Economy

This month, installments on the house can reach up to 234 euros. Simulate how much you will pay

Published

on

This month, installments on the house can reach up to 234 euros.  Simulate how much you will pay

O The European Central Bank (ECB) decided to raise interest rates again last week, and the move could have repercussions. the impact of up to 234 euros on the provision of home loans this month, on modeling Deco/Money&Rights.

How will this affect your particular case? Doctor Finance provides an Euribor simulator that you can access here – which allows you to “get an idea of ​​how an increase in interest will affect your monthly premium”.

The personal finance company points out that in order for the values ​​to be as realistic as possible, you need to enter the following data not a simulator

  • The term of your Euribor bet: 3, 6 or 12 months;
  • The month in which your benefit will change after the review;
  • The value of your spread;
  • the amount of outstanding principal debt;
  • The number of outstanding payments on your loan;
  • And finally, choose the Euribor rate you want to simulate.

“While many people are worried about rising interest rates, be aware that your monthly loan payment there will never be a dramatic increase overnight. After all, the European Central Bank is acting progressively,” Doctor Finance explains.

On practice, “when your work is evaluated (according to the terms of the Euribor rate with which you entered into the contract), an Euribor update will be applied, which will later be added to the value of your spread. These two components (Euribor rate + spread) determine the value of your TAN (nominal annual rate), i.e. the interest rate on your mortgage.”

Doctor Finance recommends:knowing the impact of interest on your loan, it’s time to take action. And this is why? Because you will probably have to make certain adjustments so as not to jeopardize your financial stability.”

See also  Mustang Mach-E breaks the Guinness world record for efficiency

One solution is revise the terms of the loan: “Talk to the bank where you got the funding and find out what can be done. In other words, try to find out if the bank has the ability to lower the credit spread.”

Read also: “Don’t buy fakes.” Tax reminds that this is “a crime punishable by law”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Bankers demand 6.25% pay rise at ‘breaking point’ and refuse further layoffs – ECO

Published

on

Bankers demand 6.25% pay rise at 'breaking point' and refuse further layoffs - ECO





Bankers demand 6.25% pay rise at ‘breaking point’ and refuse further layoffs – ECO































Your browser is out of date!

Update your browser to get the best experience and visualization of this site. Update your browser now

×

See also  Space Flight With Jeff Bezos Sold For $ 28 Million - Tech
Continue Reading

Economy

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Published

on

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Sanctions and supply chain issues have created a parallel market in China, where these chips are sold for 500 times the market value.

Chinese customs officials caught a woman trying to smuggle semiconductors inside a prosthetic belly while pretending to be pregnant. This arrest sheds light on the reality of smuggling that has emerged in the world’s second-largest economy following the sanctions imposed by the United States of America.

According to bloomberg, a woman was caught by the authorities while trying to enter Zhuhai via Macau on November 25. According to customs authorities, the suspect had more than 202 processors and nine smartphones.

The woman came to the attention of the authorities when she was asked what month she was pregnant. “She said she was five or six months pregnant but she had a big belly that looked like she was in her third trimester,” Chinese officials explained.

The economic crisis caused by covid-19 and all the problems that have arisen in the supply chain have opened the door to the emergence of a black market in semiconductors in a country that needs these advanced chips to produce millions of products.

The situation has worsened recently as the Joe Biden administration tightened sanctions on China, focusing on developing advanced technologies, especially for military use.

According to the North American economic publication, the situation is so serious that the prices of these devices reach values ​​up to 500 times their market price, which creates ideal conditions for creating an entire parallel market with telecom operators and resellers.

See also  Space Flight With Jeff Bezos Sold For $ 28 Million - Tech

Continue Reading

Economy

Reduced provider discount in December due to falling fuel prices

Published

on

Reduced provider discount in December due to falling fuel prices

The Ministry of Finance reported that in December there is a decrease in the ISP discount by 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline, taking into account falling prices.

The guardianship statement states that, as announced, “the mechanism applied in the ISP is equivalent to reducing the VAT rate from 23% to 13%, and the compensation mechanism through the ISP reduces additional VAT income as a result of the changes. in fuel prices remain in effect.

Thus, taking into account the evolution of diesel and gasoline prices, “these temporary measures result in a reduction in the ISP rebate of 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline. a discount of 17.1 cents per liter for diesel ISP and 15.4 cents per liter for gasoline ISP,” the same note reads.

On the other hand, “the carbon tax update will be suspended until the end of the year,” and “taking into account all the measures in place, the reduction in the tax burden is 27.3 cents per liter of diesel fuel and 24.7 cents per liter of gasoline. “.

The government’s rebate mechanism assumes that a decrease in the price of fuel results in an increase in the Tax on Petroleum Products (NPT) due to a drop in VAT revenues.

“Measures to mitigate the increase in fuel prices remain in place in the month of December, while the government continues to support all consumers by reducing fuel taxes,” the ministry reminded.

See also  Space Flight With Jeff Bezos Sold For $ 28 Million - Tech

The ISP’s rebate, equivalent to a 13 percent VAT rate cut, was due to run until September 4 but was later extended through the end of the year as part of the government’s family relief package due to price hikes.

Average fuel prices have returned this week to below pre-war levels in Ukraine on Feb. 24, with a 5.1% drop for petrol and 4.1% for diesel calculated by ERSE.

According to the “Weekly Report on the Surveillance of Selling Prices for the Public” published on Monday evening by the Entidade Regladora dos Serviços Energéticos (ERSE), “For the week of 28 to 4 December, the effective pre-tax price is 0.860 euro/l. [euros por litro] for straight petrol 95 and 1067 euro/l for direct diesel”, which after tax is 1660 euro/l and 1685 euro/l for straight petrol 95 and straight diesel, respectively.

These figures are comparable to average prices of 1,816 euros/l for 95 straight-through gasoline and 1,660 euros/l for direct diesel filled on February 24 when the Russians invaded Ukraine, according to the Directorate General of Energy and Geology (DGEG). ).

Continue Reading

Trending