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Interest rates on loan repayments

Posted by Happy Days-188415 - Created: 14 years ago
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7 replies (Showing replies: 1 to 7)

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Posted by Happy Days-188415 - 14 years ago

correction....credit lyonnaise, I have since found has a simulation program.I must reiterate, I don't want a loan....if I did I would go to banks, not Angloinfo.

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Posted by NadiaG-192314 - 14 years ago

To me_2003

Could you tell me which bank allowed you to take a home loan with no penalty for early repayment. That's what I'd like to find but my bank is quite unflexible in that way.

Regards,

Nadia

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Posted by me_2003 - 14 years ago

Stupid  =>  If you log on to any bank web site you will not find what the going rates are?

Stupid => you are focused to talk to every bank, I gave up after I tried 5 banks.

Stupid => one clever bank could make a killing in the 2nd most backward banking sector in europe.

 

 

 

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Posted by Happy Days-188415 - 14 years ago

Why is it stupid ?? Beach Bum's rule of thumb guide is exactly what I needed(thanks a lot!!)I never said I wanted a loan, I wanted information on repayments for a project which is exactly what I got.

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Posted by Beach Bum - 14 years ago

As a rule of thumb take 3.8% fixed over 10 years, 4.2% fixed over 15 years and 4.5% fixed over 20years

Put 20 % down as a deposit; take the obligatory French life insurance cover which will include a medical here in France and then be prepared for 8% notaires fees for old apartments and finally a mortgage raising fee of 1%

I think thats it.

 

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Posted by Beach Bum - 14 years ago

As a rule of thumb take 3.8% fixed over 10 years, 4.2% fixed over 15 years and 4.5% fixed over 20years

Put 20 % down as a deposit; take the obligatory French life insurance cover which will include a medical here in France and then be prepared for 8% notaires fees for old apartments and finally a mortgage raising fee of 1%

I think thats it.

 

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Posted by me_2003 - 14 years ago

this is stupid.

you must contact a bank directly..also the rates can vary so much...depending upon how well you negotiate with the banker...

once i managed to get the guy down from 4.2% to 3.8% on a home loan...and without pentalies for early repayment.