MonthFebruary 2019

The questions borrowers ask themselves

In order to allow Internet users to find specific questions to the answers they ask themselves, Emprunt-Et-Cré has decided to adapt its “Frequently Asked Questions” section to make it both more functional and more accessible . The goal is ambitious: to allow borrowers to find the answer to their question very directly and simply in the world.

Grouped into 15 categories, from real estate loans to the problem of over-indebtedness through insurance or real estate, this database will ultimately gather most of the detailed answers to all the questions we have been asked for the last 5 years. .

The reorganization of the Frequently Asked Questions will nevertheless take a few months to find its final form. It will therefore be necessary to wait before finding on the home page the block presenting the categories .

How to use the FAQ?

Nothing more simple, just first go to homepage and then click on the topic that interests you. This categorization saves a lot of time rather than having to search through dozens of different questions. The organization of the FAQ also makes it easy to find related questions that can complement the information in a relevant way. As we often say one question can bring another.

Example: Does a seller have the right to refuse to sell to a borrower who uses a home loan?

If you have already done this, even if you have done this type of research, you would agree that the answer is not easy to find. You will have to spend a lot of time browsing the Internet and collecting scattered information across many sites. One will address the obligations of the seller but will be too vague, the other will give you information about the bank loan refusal, another will talk about the protection of the borrower. Thanks to the FAQ of you will be able to find a PRECISE answer to a PRECISE question.

An original way of approaching practical and fast finance

An original way of approaching practical and fast finance

We are convinced that this unique way of dealing with financial issues through practical cases will allow everyone to find in just a few clicks the answers they are entitled to expect from an information site like ours.

Ask your question directly to our experts

Ask your question directly to our experts

Even with the content provided and detailed, it will certainly happen that a question is not asked or at least that the answer provided by our experts is not fully adapted to your situation. Never mind, you can ask us directly. You will receive the answer directly and if we deem it useful for users, we will add it to the FAQ, which will feed the database for all.

Some examples of questions asked by Internet users

  • How much is the percentage of notary fees on the purchase of a house?
  • Does my bank have the right to transfer my booklet to fill an overdraft on my current account?
  • How does the bank calculate agios for my discovery?
  • Can seniors over the age of 60 make a credit redemption transaction?

The main cause of business loan frustration

Finding right business financing is not easy at the best times for most small and medium business owners and managers. There are a number of reasons that together explain why the business finance market can be so difficult to understand and too Probably the most important reason is the lack of useful information on how the corporate finance market actually works.

The financing information for companies and sources of education exists mainly in two forms:

1) Textbooks;

2) Big bank advertising.

If you’ve ever read an education finance textbook or attended a business finance course, you already know how difficult it can be to apply the theories, principles and strategies to a small or medium sized business. Our formal education system only provides limited information on how the marketplace works, how to budget for financing, how to tackle growth periods, decline, transition, launch, etc. Academic books and courses can go through all these areas in great detail, but is the information practical, real world, something that you can refer to as a manager or owner of a small or medium business and in most cases the answer is a clear NO.More Finance textbooks speak big – business finance dynamics that are not easily transferable to small and medium sized business scenarios.

Outside of the formal education system, the next big source of business finance information is that of the big banks that they usually provide through their broad marketing campaigns. Unfortunately, the information alone rarely helps determine if a particular institution would be able to provide you with funding or what would be required to qualify for a loan. The good news is that as business finance sources continue to grow in numbers, more and more lenders are carving a particular piece of the market to service. To take advantage of these alternatives, you must have a solid approach when looking for business finance. Here’s a quick list of things to consider Develop a solid, continuous, understanding of your personal and business assets, income and cash flow. Regardless of the business financing model, these items will always come to play to a degree. The ability to demonstrate a solid understanding of your financial data is also an indication of your ability to manage the underlying business.

Monitor and manage your personal and business loans

Small and medium business financing focuses on personal and business credit history. Regular review of personal and business credit reports from the major credit bureaus are important in order to avoid mistakes and credit practices seriously damaging your creditworthiness. Develop your marketing position. Yes, looking for business finance is a marketing exercise. When you apply for business finance, you market your business to lenders and they in turn market their business finance programs for you. Think of the lender as a customer to better understand what they are looking for.

Then develop a business proposal that addresses all potential needs and concerns. Research funding sources There are many sources of business finance. But there are also many differences in the types of business applications that everyone is prepared to consider. Broad-based lenders rely on credit history and net worth. As you become more specific in terms of financing application and industry, lender programs will be narrower and may be harder to find. You need to look at things like industry, sector and geography when looking for business finance sources. Financial Advisor and Business Loan Broker can be a great source of information to help you with this process. Qualify the LenderBefore you make a formal application, find out if the lender has the programs and lending to meet your specific needs.

Too often, the lender does all the qualifying

Compare Your Options Depending on the scenario, there may be several financing strategies that might work for your business. Make sure you take the time to make a comparison before making a decision. The extra time could save you a lot of time and money in the long run. Start today Regardless of what your business financing needs, you should regularly invest time to keep track of your financial data, monitor your loans, and seek funding sources that fit your industry and potential future needs. Your proactive efforts can make all the difference if you get the capital you need with the terms and times that are acceptable to your business.

Our company makes it easy to understand corporate finance. Learn how to find and secure the right financing for your business. To receive your free 6-part mini course, visit the corporate finance website

To build a cheap house

Many homeownership candidates have few means to own their main home. The goal is clearly defined: to build a cheap house . All efforts then tend to try to save on all items to reduce the debt ratio

How to build a cheap house?

How to build a cheap house?

The land pass: a solution that ends on December 31, 2010

Until now, one of the solutions was to put the project in the context of the land pass. This arrangement made it possible to separate the financing of land and construction. Clearly, the buyer was the tenant of the land for which he signed a long-term lease and could then devote the entire budget to the construction of the house. However, this device ending on December 31, 2010, it is no longer possible to benefit. However, it has allowed many buyers to invest in real estate on particularly advantageous terms.

Choose a cheap builder

It is possible to build a cheap house through a professional. However, it is preferable that the latter is a member of the Union of Manufacturers of Individual Houses (UNCMI) for you to have all the necessary guarantees. But choosing a good builder is not easy. The reason is that the elements of comparison are not always identical.

Know how to analyze the description

The choice of materials comes in a lot of the cost of construction and to succeed in building a cheap house, the builder will tend to choose cheap materials. While for some jobs it is possible to have a quality house with lower quality materials, some aspects of the construction deserve special attention.

Treat the shell

If there is a job on which it is not really possible to save, it is the main work. If you build a house on sloping ground with a buried basement, it is essential that the walls of the latter be mounted in “concrete banché” to establish the strength of the work and not in rubble. On the other hand, one can gain a lot on the budget and manage to build one’s house cheap if one opts for a frame type “farmhouse” much cheaper than the traditional framework. This choice will not affect the strength of the building.

Building a cheap house by providing self-help

Building a cheap house by providing self-help

One possibility to succeed in building a cheap house is not to go through a builder but to choose an architect for the realization of the plans and possibly for the filing of the building permit and then to ensure yourself the prime contractor . You will then choose, as the owner of the work, the different craftsmen who will intervene in the construction.

Self-construction: a solution for most DIYers

Most do-it-yourselfers can opt for self-construction. This is obviously the best way to build a cheap home but that will pose two major problems. The first concerns the real estate loan. Many banking organizations no longer finance self-construction because there is a risk to the strength of the building when the house is not built by a professional. The other problem concerns the underwriting of property and casualty insurance. You should know that this insurance is mandatory. However, it is very difficult to subscribe individually, insurers being very few to propose it.

Gandalfbank: opinions, comments and interests of your loans

Gandalf Bank is one of the loan portals that have positive and negative opinions so far this year, so I will review the interests, requirements, conditions and other small print to show you an image as objective as possible and that it helps you decide, as well as the comments of the users that I would like to leave so that this information can be completed with more points of view.

Gandalf Bank: opinions and comments on quick loans

Although I previously made a brief article about Gandalf Bank, I thought it important to make a new updated revision this year, so that you have the new conditions, interests and requirements that you are asking for today.

Currently, Gandalf Bank allows you to request a loan of up to 15,000 euros , and without guarantees or endorsements.

  • One adavantage is that Gandalf Bank offers much more than many loan portals, which, although they are opening a little more hand, they do not become, except Zaemus, of 15, 000 euro, none of them
  • On the other hand, the drawback, although logical on the other hand is that they ask you for much more personal information and income to be able to do the study, although it is just as fast in the answer

Gandalf Bank: interests and conditions under review

One of the most important aspects when deciding which is the best loan is undoubtedly the interests. In the case of Gandalf Bank, this interest rate is variable according to the personal income conditions reflected in the application, but, to give you an idea, it is at a minimum of 4.06% APR

  • If we compare this 4.06% with the 3000% TAE charged by the average microloan portals, it certainly deserves much more, although the application process is somewhat more tedious.

As for the rest of the conditions, the most interesting thing is that you can repay the loan within a maximum period of 5 years, so you can repay it through very flxible monthly payments.

  • One drawback of these condition is that, if you are going to ask for amounts higher than 6, 000 euros, you will be required to contribute a guarantor, something that is not always possible and enmarronar family or friends

Gandalf Bank: minimum requirements to apply for a loan

Regarding the requirements, as I have said, it depends on the detailed study of the application, but there are some minimum requirements that must be fulfilled obligatorily or else it is totally safe that the application is rejected. These minimum requirements are:

  • Be between 20 and 75 years old
  • Have a residence in Spain, whether Spanish or foreign citizens with a residence permit in Spain

On the other hand, one aspect that I appreciate is the customer service, since you have multiple ways to contact them, either through email, phone, skype or online chat, something that I really miss in other portals. Also, I think the fact that they indicate the name of the person responsible for customer service, which personally generates confidence, seems serious to me.

In short, Gandalf Bank in my experience testing it has proved a very effective way to get large amounts of money with reasonable interest rates and conditions fairly flexible repayment, and, although it has the disadvantage that they ask for much more personal data and income, it’s worth it because practically at the same time as these mini loan portals , you can get up to 15,000 euros. If you have also tried it, please leave your comments, positive or negative (I do not cut myself to publish it, as long as they are respectful), and thus help other users to have different points of view.