Borrowing: you must pay attention

Borrow money, many people have never been a money ended. We must also make commercial mortgage loans to the most normal thing in the world. In fact, this is also true, but there are risks involved. Because of a loan can also bring big problems. Here are some tips on the loans.

Use your savings instead of a loan
Have you ever accidentally saved a little money? Use this savings instead of a loan to close. Given the interest you receive on your savings is less than the interest on a loan to be paid.

The sale may be postponed?
Is it really necessary for a loan? It might be more prudent to save money together. If you really need a loan, make sure that as advantageous as possible and in good condition for a loan closing. Do not borrow more than necessary.

Stem-term loan product and coordinate:
If a product is purchased through a loan, it may be useful for the amortization to reflect the life / duration of the replacement of the product.

Connect a loan that suits you best
To avoid payment problems. Make sure your (monthly) can afford to pay, can not enter into financial trouble. Accounting, therefore, before closing the loan is the amount of your monthly payment and can determine if the maximum amount of the loan.

Lower rates on loans and traps

* Rates are for action. The provider rate increase after a certain time. This is almost always the case with the so-called variable interest rates.
* Regularly interest rates that are based on taxes in the highest tax rate. This is only the case if the money is used for house and garden.

Credit card processing and mail handling often high interest rates:
These are useful, but expensive. Perhaps another solution is advantageous.

If the commercial mortgage loan is repaid with insurance:
There may be a monthly section on the loan will be repaid, it is not an additional product. The debt may also remain the same and be reimbursed through insurance, with or without additional guarantees. There are always costs involved, and might even be an excellent time to maturity or the creation of an additional coverage seem to have little value. There is freedom in the choice of insurance. The latter can extract more advantageous.

A loan can certainly result, but knows in advance the rights and obligations. Ask about various offers and prospectuses, possibly through an intermediary