Are we getting no more loans?
For some days now, it’s all about the financial sector. On all exchanges, prices crash away, and at the Fret bank Socit Gnrale, 5 5 billion are being flown by a single man, and that at a time when the banks are anyway not married anymore. The gambled billions in real estate are in the memory of the people still very much prsent. We ask ourselves if the financial world has not become uncontrollable. Dude Bank is already testing its internal security system. This speaks in favor of the nervousness of the banks. Are our funds still safe there, or the other way around: are we getting loans from ordinary citizens?
What is going on in the financial world, no longer closes itself to anyone.
Even the tabloids ask everywhere: Can I still trust my bank? or: Is my money still safe there? If we enter a bank or savings bank, then we have an atmosphere of seriousness and security. This embarrassed environment is getting more and more dirty lately. Even the jobs at the banks are no longer safe. The EDCIs, always in the lead when digging a manure pit, makes it with job cuts.
Such headlines unsettle not only the shaken financial world, but also us private consumers. The job of the banks is the money. They borrow it from private investors and savings, and manage it by making it available to others as credit. However, this is not so far gone when the Bare infiltrated by thoughtless actions. Money that is no longer there can no longer be lent. The fact that large customers in the credit system, companies and companies, so no money can lend, makes sense. The chief economist of Cumerk, Fealsi, describes the situation in the financial sector accordingly and says: “If the banks are too cautious, the companies are missing the loans. You invest less. This slows growth at a time when there is already talk of a downturn
If the banks keep their money back, that’s like a car loss.
The engine for the world economy runs the risk of being destroyed. But what about the private customers, who usually only want a comparable small amount? After all, industry experts like Dirk Vater prophesy from consulting firm Gery Company, that the crises in the financial market are far from settled.
It is obvious that small loans are stopped as well as large loans. This includes the mortgage lending. People who are no longer able to pay their installments in this economically bad time must usually give their house to the bank because it is entered in the land register for their own security. A few years ago, no house was fully funded because it meant too much risk for the bank.
More precisely, a house worth .000 200,000 could only be financed up to a sum of .000 160,000. That’s 80% of the construction sum. The reason was that, in the case of financial difficulties, a home would barely reach full price at auction. With 80% financing, the bank has a good chance of recovering the money it lends, with 100% financing leaving a substantial residual risk of 20%. Today, in times of fierce competition and merciless competition, even over 100% financing is possible, notably with notary fees, taxes and fees. Financing of 120% is not uncommon.
But since the real estate market is experiencing a downturn and the speculation on the market has left a lot of wounds, the money launders are more than cautious, because they have proven that they are unfamiliar with real estate. Burnt child shies the fire. We keep our fingers crossed for the Husle farmers that they will continue to get their dream home financed.