Biggest losers in baby loans

Young married couples who have reached the age of 18 but have not yet reached the age of 41 are entitled to child support. This description is true for many couples, but if you look at all the conditions, it turns out that many are deprived of baby support. These are the pitfalls of a baby loan.

Who no longer have children

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There are two options for families where children were born years ago and no baby is planned:

  1. If the wife has not yet reached the age of 41, they can apply for a loan – provided they meet the other conditions. In their case, the issue is interest-free: if the child is not born within 5 years of the application, the loan becomes market-based and the interest rate subsidy for the first 5 years of the term has to be repaid.

  2. If the wife is over 41, they will not be able to apply for the loan, even with interest.

Those who have a baby in late June

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Children born before the baby loan (July 1) are not eligible for support. Parents of babies arriving in the last days of June will be particularly penalized, as they have been expecting the child at the time of Viktor Orbán’s announcement in February, but they will not be entitled to interest-free after their baby is born.

Even if the couples are initially expecting the baby after July 1st, they eventually lose interest rate subsidies, but arrive sooner, for example. because of premature birth. In this case, the baby was “written for later” in vain, since interest relief is only available for children born within 5 years of applying for the loan.

In their case, they will need another childbearing to be free of interest. For children born at the end of June, it is not possible to suspend repayment under the Regulation.

Those who are not married and do not want to get married

Those who are not married and do not want to get married

Since babysitting support is only available to married couples, those who are not married and do not plan to have one will lose out. Even though they have been in a partnership for a couple of years, they may have several children, but they will not be eligible for a baby loan.

It is no exception if a couple in a cohabiting relationship is expecting a baby, is expected to be born after July 1, and is eligible for a baby loan outside of the wedding. It is also not a good idea to get married after the baby is born since, in order to qualify for interest, the claim must precede the birth of the baby.

Attentive to the review of our mortgage loans and aspects to consider

The most complicated thing is to have access to the entire offer and to those details, because today when you go to a financial branch and even if you ask for it, they don’t give you that small print, which you only see in the contract.

You have to have that small print in the mortgage deed

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On whether they apply us well or badly, 99% will be well applied. Another thing is that the issue of minimums etc. was ignored in its day.
It is true that there are many loans with minimums and much less without minimums, but today it is quite expensive to make a mortgage subrogation and go to another entity and surely nothing profitable.

To recover those amounts destined to commissions for subrogation etc, an average can be over 20 months above, or translating in another way: everything you spend to change banks will be recovered in the monthly difference of the mortgage in about 20 months. By the time those 20 months have elapsed, the Euribor will no longer be where it is and you may not have time to recover what was spent since the Euribor plus the differential will be above the minimum.

Operations are carried out at that price

Operations are carried out at that price

 

On the other hand, that the Euribor is at 1.23% does not mean that operations are carried out at that price. Moreover, that price is not in the market.
Most mortgage loans have a much higher initial on 2, xx and the opposite case the war of deposits is also above 2, xx.
Nobody pays the customer 2, xx and lends at 1.23-1.75%.

Home insurance that I can do with anyone

Home insurance that I can do with anyone

 

In the SI market there are mortgages below 2%. I am about to sign one at Euribor + 0.39, with no minimum, no requirement to contract other products with them, not even home insurance that I can do with anyone.

It has no partial or total early cancellation fees, nor does it have creditor subrogation commissions (change of entity)… It is a question of asking in more than one entity. Ask, ask and ask again, and compare. Apart from making a reasonable loan request.