Editor’s low interest rates, preferential loans and high home prices. Sound familiar? Belt in the home market run again, but the FSA is concerned about how banks meet their responsibilities.
First, the warm feeling good, you pee in your pants, but then become cold. Therefore, it can be said on the record low interest home loans current interest rate. This year in March, 1.9 percentage points on the home loans, the average interest rate in Finland. When it feels good to take a loan, paid off. However, the Japanese Financial Services Agency, responsible for overseeing the banking business in Finland, worried that banks do not have the ability for customers to repay the loan responsibility. home prices rise, what if you start to keep up with our financial crisis is precisely the high prices, cheap loans, then the relationship between interest rates and price turnaround. Bubble burst, the explosion was heard on earth all the way around. Now we can finally good with cautious optimism, and then the carousel up and running again.
We are an optimistic people have already paid the bank, and now to avoid the FSA that we do so.
Banks should not be given to the FSA’s home prices more than 90 percent that credit. Customers should have their own money, at least 10 percent. Who is today? The things you want, such as home, savings are not as common. Banks are also willing to provide loans. This is what banks do, they do not earn much, because we have our accounts there.
However, for a layman it seems worrying to hear that the FSA. Although we know that if we stop eating exacerbated the crisis. Funds will be released the community should continue to move forward.
, In the leasing and brokerage, investment home purchase hire company, said low interest rates and the market heating up prices. But the price can not rise all the time, when they turn it into a situation, we overheated from the U.S. market, the Lehman Brothers name, a familiar memory.
However, the responsibility for that? It is up to the buyer to decide whether you really can afford a house, you can continue to live in rented flats. If you want to loan, takes 30 years to pay off? But it is also the responsibility of the bank, both moral and financial to ensure that the money is not wasted. There are differences. The banks say they are their own responsibility, so that they end the house, if the buyer fails to repay the loan. The last end, and we are States and pay. We have already done, before we do the best to Greece. Bank directors have lost money, the borrower loses the house and family.
The bottom line is that banks always get their money. Who is in the low loss rate mortgage customers. Who are we lost in the state joined the taxpayers, will help Bank of Finland’s economy will not collapse.
It began to tighten the rules for bank loans may be the time. Banks can no longer sheltered workshops, but must take more responsibility for the activities.
Tags: high home prices, low interest rates, preferential loans