Grupo Vapf

Posts Tagged ‘financial products’

Reverse mortgage

The range of financial products offered by banks and similar institutions grows wider every day. That is why we have set ourselves to explain them, one per week.

Today, we will talk about the reverse mortgage, which will allow us to complement a retirement plan with the value of your property. The requisites to enter into a reverse mortgage are: owning a house free of charges and encumbrances (or with only a small outstanding amount to pay) and being over 65.

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One of the many financial products available is the swap interest rate

During the past years there have been many new mortgage products and not always the clients and the banking institutions totally understand the benefits and losses of these new products, for this reason a judge has just stopped, for the first time in Spain, the execution of a SWAP.

For those that are not up to date with all these terms, SWAP is a financial exchange of interest rates, a complex financial product thought for companies and self-employed people, to seal an agreement between the parties, where the loans will be referenced to a fixed rate for a prescribed period, regardless of external changes.

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