Loans And Mortgages Information

In addition to ordinary loans, which provide for full reimbursement by the contractor, there are the subsidized loans.
In this case a part of the repayment of principal or interest is “made” by offering the facilities.

What characteristics must possess? What are the funding bodies?

The subsidized loans concern such as young couples or those who in general are preparing to buy the first house. In this case the entity is the facilitator that allows the Italian state of deductions relating to VAT and other taxes which are levied on sales normally.

Another case is related to the case where the contractor requires only a fraction of the value of the mortgaged property.

That is usually required less than 50% of the value of the property. So if the property worth 400,000 Euros and made a request for a loan rate, the bank is funding an amount less than 50% or less than 200,000 Euros. However, if you do not pay back the money from the bank, it gets a property for 400,000 Euros.

The bank runs less risk but also those who enter this type of loan have its great advantage. The taxes paid by the state are 0.25% instead of 2% of normal loans.