The renegotiation of the conditions of a mortgage can be a solution for those seeking a lower installment. Find out how renegotiating a loan works and learn about the exception to the rule for 2023.
The return to school is approaching and this is a financially turbulent time for parents. But there are some strategies that can help you spend less money and not tighten your budget. Let's see which ones?
The return to school can be a painful time for parents who have to buy school supplies for their children, make or renew school registrations. This is why it is important to be prepared for what this context holds. So, how to save on short-term expenses?
The terms PARI and PERSI refer to processes that banks initiate in order to prevent customer default on their loans, or to act after default. Understand better what they mean and how they work.
The European Central Bank (ECB) has announced a new increase in interest rates, which also leads to an increase in Euribor rates at various maturities. Therefore, Portuguese people with variable interest rates on their home loans will once again see their monthly payments increase. So, what options can we take to lower the amount to be paid for the home loan?
Faced with the new government measure to help Portuguese pay less for their home loan, it is important to analyze if it is worthwhile compared to other options available in the market. So, before activating this measure, let's see: Can you save more with a housing loan transfer?
In order to help the Portuguese reduce their home loan payments, the Government has implemented measures to support housing, such as the obligation for banks to renegotiate loan conditions with a debt-to-income ratio above 36%. However, considering the various options in the market, is opting for this measure worth it? Let's find out in the article.
During the Government's search for solutions to help the Portuguese reduce their housing credit payments, some exceptional measures are already in place. One such case is the renegotiation of contracts with an effort rate exceeding 36% and the stabilization of the installment for two years (having to repay the differential amount later). But which one will compensate more? Can they be applied simultaneously?
The measures for housing in 2024 have been strengthened and detailed in the new State Budget. We explain in this article what changes for the next year and how to prepare in terms of home credit.
Do you have a Retirement Savings Plan (PPR) and want to withdraw funds early to pay off your mortgage? This is a process you can go through, but with certain conditions.
At the annual meetings of the International Monetary Fund (IMF) and the World Bank in Marrakech, Morocco, the chief economist predicted the continuation of high interest rates, which could "push the poorest countries into bankruptcy". But what to do in the face of the continuous rise in interest rates, if you have a home loan?
So that the Portuguese can save on their housing loans, the Government has announced support measures for mortgage financing. One of them is the interest rate subsidy and it has now been announced that it will be retroactive to January. Let's see how this measure will work and what other options exist to save on your housing loan.
Are you in default with your home loan? The PERSI can help. Learn about the plan that banks must follow in this case, and find out how to save on your monthly installment.
Do you want to fix the installment of your mortgage with the government measure? Your bank may request additional data before sending you the plan. Find out what it is, and if there is another way to fix your installment, then.
The issue arises within the scope of the legislation of the new Government measure to support the Portuguese with their home loans, fixing and lowering the monthly amounts. Find out if you have already been or are currently under the PARI program with your mortgage, you can join the support in question.