Chinese Growth

Here, the main factors are the following: (a) have prior mortgage crisis in the United States is still uncertain prospects, and its further impact on the major economic groups, such as the United States, it is difficult to predict; (b) will be present even greater fluctuations in major world capital markets, and there will be a substantial devaluation of the dollar; (c) the price of primary products (such as oil, iron ore, copper and corn) on the world market, likely to remain high and even increase. The expected price for crude oil on the world market will be US $ 80-90 per barrel in 2008; (d) further intensify tensions in the area of trade. In China, there is still a crisis due to too rapid economic growth, price pressure is felt even more strongly, and the prospects for energy efficiency and reducing emissions is still vague. In 2005, the Chinese government will pursue consistent fiscal policy and tight monetary policy, it will strictly control the total amount of cash loans and lending rates, to regulate the overall social demand, and improve balance international payments and maintain financial stability and security. Based on data about the economic situation in the domestic market and abroad, we can expect that the oil and chemical industry of China will continue its stable and relatively fast growth in 2008 have major economic indices will experience double-digit growth, but its growth rate to decline slightly. The total value of industrial Production will increase by approximately 18%.

Mortgage Loan For Residential Real Estate Collateral

Mortgage programs, which before the crisis enjoyed growing demand of the population, were ordered to live long. Almost all banks, or just stopped mortgage lending, a set barrage rates for this type of lending. On the wave of the crisis sharply worsened solvency of borrowers, and many can no longer pull on the strap itself an impossible mortgage. In turn, banks have begun exhibit collateral Accommodation 'unfair' borrowers to sell. In such circumstances, a new subspecies of the loan. Mortgage loans on residential real estate collateral is now becoming one of the most popular types of credit. Interest in this type of credit by consumers is growing, despite the fact that the number of banks offering secured loans to buy apartments while the constraints.

This kind of mortgage on the one hand allows the banks to restructure their bad loans, on the other hand allows the consumer to buy housing at relatively low interest rate. Currently, interest rates for mortgage loans on collateral housing starts of 11%, with a relatively small down payment (10%). The only drawback of these loan programs is the limited supply of housing, but Optionally, you can pick up enough interesting variations, and yes even in favorable conditions. On the technical side deal is quite simple: if the loan is issued on the primary object of the real estate market is a contract assignment, if the loan is issued on the subject of the secondary real estate market is a contract of sale. If you are interested in mortgage lending in the mortgage housing, Here you can find the latest information on objects in the primary and secondary real estate market. Calling our company, you will receive detailed advice on your question, and if you interested in any proposal, the company Discount Finance will provide you with the necessary assistance in obtaining a loan.

Banks Believe In Borrowers

Despite strong growth in demand for mortgages in the spring of 2010, the recovery of the mortgage market is not so fast. And in this situation, banks are taking new steps to attract borrowers by offering ever more favorable credit terms. The volume of mortgage loans, million rubles per quarter in the near future, written by our colleagues from the magazine "Property and Prices, we can expect a" race loyalty "of the banks, similar to that occurred in the last pre-crisis years. Improving credit conditions began in the last year quite a traditional way – lower mortgage rates. And by the end of winter 2010 rates for the most attractive credit programs of banks fell below the "psychological" 10%. However, a simple rate cut did not stop. Sberbank took an unprecedented for the Russian mortgage market move – from April 19, quashed the commission for grant and loan processing. This was not even in the most favorable for borrowers pre-crisis times: reducing rates, banks preferred to "gather additionally" received profit commissions.

Following the abolition of the Savings Bank fees announced Delta-Credit and Credit Bank of Moscow ". Other banks have chosen to reduce the initial payment. So, to date, the minimum initial contribution of a number of cases dropped to 10% before the crisis. In fact, all these measures are aimed not only at maintaining the existing demand, but also to actively expand the circle of borrowers. Many experts believe that the possibility of lending banks have. One of the first anti-crisis measures of the government has insurance of deposits up to $ 700 thousand rubles.

Commission Services

Another innovation will be a limit penalties for borrowers whose debt to the banks during the year increased by 2-3 times. This rule will be indicated in the law thanks to several hundreds of trials, which, in accordance with the Civil Code limited the amount of the claims of the bank loan amount and exclude accrued on the principle of compound interest penalties and fines. By logic must be removed is sometimes used for the repayment of the loan committee, since the essence of loan product provides for the payment of credit and, accordingly, the costs associated with payment should be included in the rate of interest. And what exactly will the commission? Exactly the law can not prohibit banks charge a fee for withdrawing cash, because this service is included in the classic range of banking services and can not be free. At the same time borrowers are entitled to seek equitable fee for cash withdrawals on credit products in the same amount as the purchase of other banking services. Obviously, the Commission will remain for the transfer of funds to an account in other bank or the buyer, such as mortgages. It also runs the logic of a standard set of banking services. Very likely that will continue, and a number of banks will be – the fee for application review. This is due to fact that the bank holds a certain amount of work in processing the application and sufficiently large part of them "swing". The costs for consideration (ie payment of experts, data validation, and so on), banks are enormous.

Understanding Debts and Mortgages

Once paid all debts – mortgage, school fees of children in college insurance – it is considered 'respectable citizen', which society must provide not only material comfort, but also a new 'purpose'. Now, on the approach to recover the debt from the player. Interestingly, the harsh methods, in terminology collectors – 'hard', just activate and aggravate the resistance inveterate debtor. Due to their application, he begins to enrich its game another scenario: "Try to pick up." Given that plays into it professional, playing his whole life to win in this fight can only be a lender-professional. If, after several futile attempts to get debt lender waives hopes his return, the debtor, with impunity, using credit, gets the sake of what was playing.

If a lender starts to act more vigorously, the debtor enjoy what causes it to run after them, and at the same time enjoy purchased. Tough form of the game takes on the case, if the lender intends to at all costs to obtain debt. Because there is an element of coercion at this stage of foreclosure, in most cases, the expression 'final warning' creditor: 'If you within 48 hours do not pay the debt …', debtor feels entitled to resent, in which case he wins, too, showing that the creditor is greedy, ruthless and not worthy of trust. The two most common benefits in this are: 1) to strengthen the position of the debtor's existential, which is a disguised form of 'All creditors – greedy people', and 2) the debtor derives more external social benefits, as is now eligible to friends openly accuse the lender, without losing its status as' capital fellow. " It can extract and internal social benefits when they met by the lender. In addition, it justifies his abuse of the system credit: if all the lenders such as this, why bother paying? Thus, unless the creditor abuses the pressure at the expense of efforts to build a constructive dialogue, the debtor begins to play the role of not only "Victims", but also seeks to swap "persecutor" roles by activating a complex psychological game of high conflict. Certainly, this type of competitive interaction between the parties gives rise to numerous overlapping transactions in communicating the same time, almost the only way to stop the development of the game – it is the creditor's claim back the full amount of the debt immediately, even at the expense of the object of pledge, if any. The more time we give to the unfolding scenario game, the more reason for the resistance of the debtor receives.

Well, on the old debt and it is proportional to the effectiveness of penalties you know. That's why professional collector should own diagnosis of the basic tools of the Ego-states of the debtor's translation skills overlapping transactions in parallel, and, of course, be able to consciously manage their role behavior in the trinity Chase – Sacrifice – The Savior, in many situations, consciously avoiding these roles, and leading the communication with the debtor of the ego-states "adults". Presented in this paper, the model only part of the rich arsenal that can offer transactional analysis and other areas of practical psychology. Study of these developments by specialists, professionally engaged in debt collection will help make this process not only more effective, but much less stressful for all participants. Non-commercial use of this material is possible with an active link to, as a source of first publication. Copyright 2011 Stanislav Kamenetsky

Customer, Banks, Property

That is, if the borrower has found an apartment worth $ 35,000, the bank will give him not the promised $ 30,000, but only only $ 28,000 (80% of the purchase price). Sometimes the situation where the customer's choice apartment with an independent assessment of the bank below its estimated market value (the seller's claim). In this case, the bank will agree to give credit only to 80% (70%) of the appraised value. Then, the borrower must either find the missing money to buy their own or look for another apartment. 8. Fear itself – the bank itself has always insure! When buying an apartment through mortgage banks require the following types of insurance: insurance – property rights – property – life and disability of the borrower. All insurance costs shall be the borrower.

In this case, fear is not the risk of borrower, and the risks of the bank, and If the insured event all payments will be made exactly in favor of the bank. If desired, the borrower can insure their risks, but for this he will have to pay separately. 9: Let the bank take care of itself. If the bank goes bankrupt, its assets accrue to the creditors. But the fate of the borrower is not reflected. Borrower just changing "beneficiary" in favor of which he pays the remaining amount and interest. Irrespective of changes lender, the loan agreement may not be reviewed in any case. 10.

Ran out of money – do not worry! If the borrower can no longer pay the required amount, the bank will not take all at once. Paying interest on the loan For several years, the borrower has time to recover some of the bank loan. In addition, there are more money you make as a down payment. This percentage is always in the apartment owned by the borrower. If the borrower can no longer pay contributions on a loan, bought the apartment exchanges. For the borrower to buy housing on the amount that he has made, and the surcharge goes to debt repayment to the bank.