German housing finance system
House privileges originally started on the land more carefully, and legal protection of the residents, also to ensure that a resident loses the case, the reasons for the government to quickly correct and reasonable land concessions. ◆ German housing finance system is a private, co -operation and co-existence of state-owned banks in the form of multi-channel integration. Its main features are as follows. First, the housing finance system in the residential and business credit business in Germany's major financial mechanism for three types, namely , savings banks, mortgage banks and building society savings credit agency, they have a housing finance 65% of the total passengers. Savings Bank. This is a state-owned bank established by the government, there were more than 600, savings bank's primary business is to absorb individual deposits, payment of real estate loans for individuals to buy a house, building to raise funds. Because it is a national bank, entirely by the Government, with a high degree of credit safety, so that it absorbs more than half of the country's household deposits. Reliable source of funding and credibility, not only savings bank mortgage market in the country to occupy an important position, and to promote their business continues to expand, and involved in international financial markets. Mortgage banks. Mortgage banks are specialized in medium-and long-term fixed rate mortgages to financial institutions, currently about 40 full-Germany, of which the private sector accounted for 70%. Mortgage banks in housing finance, the liberation of low-income family housing and immigration issues, play an important role. Building society savings credit agency. It is co-created by the residents of private housing finance institutions. Since World War II, the agency has helped more than 900 million a German family, more than 16 million residents to solve the problem of housing funds, provide a total maintenance, upgrading and housing finance 7730tL Mark. Currently there are savings and loan contracts which more than 27 million copies, savings amounting to more than 94 billion marks. Building society savings credit agency business is completely self- financing, independent of the German capital market, to maximize the power of the residents of co-operation of residents who join a company must fulfill the first save, after the loan obligations, Only when the savings desired loan amount, 40 to 50%, are eligible to obtain the necessary loans. Credit agency within the savings and loan interest rates are generally fixed, and capital market interest rates below and rarely by the financial market fluctuations. Second, the types of residential loans of domestic financial institutions in Germany, although many, but one thing in common is that any customer from a financial institution can not get all the home loans. This aspect is financial institutions to diversify risk factors,
christian louboutin boutique, to maintain long-term business; the other hand, the Germans are also skilled in the way of credit options. Currently, Germany's leading residential loans are the following: 1. Fixed-rate loans. Period is generally 20 to 25 years, more than its fixed-rate loans began to be limited to the first l0 years, accompanied by market interest rates after adjustment. Mortgage loan amount is generally not more than 55-60% of assets. Meanwhile, the fixed rate period,
abercrombie marseille, allowed customers to pay off all mortgage loans in advance to prevent changes in interest rates and cause losses to financial institutions . 2. Savings and loan contract loan. Mainly by the building society savings credit agency to provide a period of usually 6 to 13 years, and always the same low interest rates, mainly by means of members to maintain a low savings rate. The method of loan savings, deposits and term limits determined under the contract. 3. Short-term floating-rate secured or unsecured loans. As Germany does not allow financial institutions to provide 100% mortgages, so when customers' personal assets and savings are insufficient, these two kinds of loans can not meet the need, the third supplement to the use of loans was born. Such loans are usually done by commercial banks and insurance companies, its funds come from a variety of short-term deposits, the interest rate determined with the financial market conditions. 4. Low interest or interest-free loan. This is a state-owned mortgage banks and savings banks to low-income persons, families with many children,
abercrombie france, the disabled, social welfare and maintenance of residential construction, non -profit enterprises to provide loans. Third, the Government attaches importance to the management of the housing finance market in order to ensure the private, cooperative and state-owned banks in the domestic financial markets with a fair competition, the German government developed a set of comprehensive, strict financial regulations, which are important to help Deutsche Bank Union France, savings banks law, the Cooperative Bank Act and Investment Company Act These regulations provided for residential basic business scope of financial institutions, sources of funds and credit guarantee security and stability . German officials to support the development of domestic financial services industry, but also according to social and market needs, develop a variety of preferential policies. Such as a building society savings deposit bonus credit agency set up housing, providing that the savings contract expired more than seven years, individual deposits up to 800 marks or more,
christian louboutin france, you can get a bonus. ◆ Introduction of foreign residential Landau G ¨ eleven LL 1; ==
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