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We are your competent contact partner for all matters relating to finance and loans. In the following we provide you with helpful and comprehensive information and explain the essential steps – from the credit request, to the credit application, to the successful payment.

• Which loan is the best for me?
• What types of credit are there?
• What do I have to pay particular attention to if I want to take out a loan??
• What requirements do I have to meet for a successful loan application??

"Credit" originally originating from the Latin language – translates roughly to mean "believe". "Credere" is the Latin word and basically refers to a temporary transfer of cash or other property by a lender, to a borrower. By taking out a loan, the borrower undertakes to repay the loan in the future or to pay another agreed equivalent consideration.

The beginnings of the credit system

Against the backdrop of the Ukraine war and rising inflation, there is great uncertainty in the financial markets. Cristian Balteo and Johannes Haubrich of Nordea Asset Management use two scenarios to illustrate how investors might manage their portfolios in the coming months.

The outcome of the war in Ukraine is uncertain, which unsettles many investors. Nordea Asset Management experts Cristian Balteo, Head of Product Management – Multi Asset, and Johannes Haubrich, Head of Product Management – Fixed Income& Equity, we present two possible scenarios for the course of the war and draw conclusions for portfolio management in the coming months.

Scenario 1: The crisis region stabilizes

If there is a sustained ceasefire and stabilization in the region in the short term, the two experts forecast oil and commodity prices to remain high even in a moderate growth scenario. In such a scenario, inflation would not peak until the second half of 2023. Central banks likely to stay the course, but tighten faster than currently signaled.

The low interest rate situation in Europe continues to allow borrowing without major additional financial costs. Nowadays, it has become very easy to find a suitable loan for a major purchase. On the World Wide Web, the offer for financing flourishes. Consumers are thus spoiled for choice when it comes to taking out a loan.

According to a recent study, most city dwellers spend most of their money in their free time on delicious food in restaurants, fancy designer clothes or cosmetics and personal care products. The majority of all city people buy only those products and goods that they can pay by available budget. More than 80 percent weigh carefully whether they really need the item they want before making major purchases. Thus, more and more people in big cities like Hamburg, Berlin, Munich or Cologne are much more frugal than they were a few years ago. This is also evident in the choice of loans. If consumers in large cities are already opting for financing, it should at least be a favorable credit offer. Thereby there are some possibilities to save a lot of money when taking out a loan. We have designed a guide for you in the following, so that you get a number of useful tips and tricks to find a loan with favorable loan interest rates here. In this way, the additional costs of borrowing money can be kept manageable and a lot of money can be saved.
Compare loan offers on the Internet

For more than 80 percent of all city dwellers, money has a high priority in life. At the same time, most people in a large metropolis have already had to take out a loan to enable a major financial purchase. In first place among the most popular uses for a loan is car financing, but furniture and technology such as the purchase of a new smartphone are reasons for taking out a loan. Here, the online sector in particular offers a wide range of loan options and is often much more favorable for borrowers than a loan from the house bank. A loan of 10.000 euros at less than one percent annual interest allows money lending to be combined without major additional costs. If you take your time when looking for a loan, you will quickly find a loan that allows you to make monthly repayments without incurring high interest costs. For consumers, a comparison of different offers is accordingly the easiest option to save a lot of money when taking out a loan.

The Family Mortgage – Low-cost financing for families

With the elimination of the homeownership subsidy in construction and real estate financing, it has become more difficult for young families to obtain a low-interest loan. The elimination of the government subsidy via the homeowner's allowance is only offset if a riester subsidized loan is used to finance it. Young families not only receive the government subsidy to which they are entitled when they use housing riester loans, but an allowance is also made for each child. With the elimination of the homeowner's allowance and the associated restriction of government funding options, lending institutions have launched a still fairly new form of loan for construction and real estate financing. The loans, designed specifically for young families with children, are marketed under the product name Family Mortgage. The high-cost financing alternative can be applied for to purchase owner-occupied housing or to implement a construction project with the purpose of creating housing. The family mortgage can only be applied for if the property being financed is owner-occupied. The family mortgage cannot be used for rental properties or mixed-use properties. There are only a few providers that can be considered as lenders for family mortgages at the moment. Also the Kreditanstalt fur Wiederaufbau offers subsidized loans with their programs KfW 124 and KfW 153 and can offer a favorable alternative. The use of a construction loan broker and its brokerage services associated with the assignment are usually free of charge and can provide a financing solution that fits individual needs. All family mortgages offered by different lenders for construction and real estate financing are, in essence, an annuity loan. The annuity loan is usually secured by the registration of a land charge.

Advantages and disadvantages of the family mortgage

Opening a checking account is a fairly simple process. They choose a bank, show up, fill out paperwork, provide documentation and leave with a functioning checking account. Eligibility requirements for the checking account are few. All banks require you to be 18 or older, although most allow a minor to be a co-owner with a parent or guardian. Some banks will turn you down if you have criminal convictions for fraud or financial misconduct, or if another bank has closed your account due to mismanagement, such as unpaid overdrafts. To make sure your new checking account runs smoothly and efficiently, bring certain documents with you to the bank, including a government issued photo ID, your social security card, and proof of current address, such as. Mortgage statement or signed lease agreement. While not all banks require each of these banking documents, it is better to have them and not need them than the opposite.

Almost every bank requires that you present a valid government-issued photo ID when you open a checking account. This confirms that you are who you say you are and that the bank can match your name to your face. The most common form of government-issued photo ID is a driver's license. If you have one because you don't drive, you can go to most Department of Motor Vehicles, or DMV, locations and get an identification ID on the spot. To obtain this ID, you must bring a birth certificate or valid passport and proof of address with the DMV.

Banks also require that you have either a valid Social Security Number (SSN) or an Individual Tax Identification Number ( ITIN) to open a checking account. If you have a SSN, bring your Social Security card to the bank so the document can be verified. Otherwise bring a proof of your ITIN. If you do not have an SSN or ITIN, you can apply for an ITIN by completing Form W-7 and submitting it to the Internal Revenue Service (IRS).

The currently prevailing low interest rate quickly tempts to hasty conclusion of a construction loan. Sure, owning your own home is a dream that is well worth striving for, but still, you shouldn't rush into it. Because there are many mistakes that borrowers make again and again.

Tip 1: Avoid miscalculations of the financial burden

It's not just the contractor who wants to get paid. There are many other costs to the homebuilder such as land transfer tax, realtor and notary fees, insurance, home connection costs, land surveying, etc. At the same time, current housing often requires paying rents, electricity costs, etc. Are raised. Also, the cost of living and evtl. Reserves for any car repairs, vacations or other purchases must be taken into account in the calculation.

Because of this, thorough planning and a detailed look at finances are essential. As a guide, the cold rent can be used. If in the end an amount in the amount of the cold rent remains, which can be used to repay the loan, nothing should stand in the way of a construction financing.

Many people desire to make money in real estate, but lose everything they have because they don't have the right knowledge. Luckily for you, you have this article to guide you along the way. Read on to learn what you need to know about real estate investing.

After you have decided to begin your career as a real estate investor, form an LLC. This is the best way to protect yourself and your investment. As an added bonus, you should be able to receive certain tax benefits based on your business transactions.

Always be on time when scheduling a meeting with a potential client. This shows that you mean business and are not disrespectful to your potential client. If you are late for a meeting, it shows that you are disorganized and don't care about your clients, which will cause you to lose them.

The last committee meetings in the city and district were held just before the Christmas holidays. There is understandable that the normal Mandatsträger*Innen use the time "between the years" to a kommunalpolitische relaxation break. At least at the county level, this ends no later than when the last New Year's firecrackers have faded away. Because on 9. January 2023 county council faces epochal decision: electing a new county commissioner or commissioners. Yet the situation there, which is open to public scrutiny, is even more complex than it was in 2018 for the aldermanic and 2021 mayoral elections in the city. At that time, the list of candidates was manageable. And at least it was clear in advance which party or faction would propose which candidate.

This is regarding the 9.1.2023 very different. First, because of the much larger number of applicants*. Because, as this site has already said on 17.11.2022 formulated: "ten are pushing to the side of Bettina Dickes". The county commissioner, however, has long been adamant about who she wants to see there, Andrea Silvestri, who is currently already a volunteer county commissioner. And would like to change only all too gladly into the main office. With her it is certain: she is the candidate of the CDU group of the district council. That and being close to Bettina Dickes is also her biggest mortgage. Because their election would lock in a CDU county leader. It is true that in less than four years the re-election of the district administrator is pending.

But unlike former mayor Dr. Heike Kaster-Meuer (SPD) has not made any political or personal enemies of Bettina Dickes, either by her office or her appearance. And therefore does not have to fear a surprise candidate. A female candidate is not even in sight, since – in contrast to the CDU – district politics is predominantly a matter for men in the other parties and voter groups. Her re-election is therefore likely as things stand today. But it is precisely this entrenched position of county councilwoman that could become a problem for Silvestri because of her known closeness to Bettina Dickes. Because a full-time alderwoman Andrea Silvestri could be understood by the gentlemen in several district council factions not only as a medium-term cementing of women's power at the head of the district, but also as a personal strengthening for Dickes.

Both the law of property and the law of succession constitute an essential part of the legislation in the Federal Republic of Germany and are dealt with in detail in the Civil Code. As the name suggests, inheritance law deals with inheritance, so it is primarily concerned with the legally valid distribution of the estate of a deceased testator. At the same time, the law of succession is also the branch of jurisprudence that deals with the framework conditions for dispositions upon death (will and contract of inheritance). When it comes to making provisions for one's own death or clarifying inheritance claims, inheritance law is therefore decisive.

Property law, on the other hand, is the field of law that generally deals with the legal relationships involving property. In Germany, property law thus relates to all legal relationships to physical objects, which include, among other things, movable goods and land. German property law is governed by the third book of the German Civil Code, in which all relevant laws are legally anchored.

Property law and ownership

The land charge, for example, is a part of property law and this is always relevant when inheriting a house, for example, if there is still a mortgage on the inherited property. In addition, a testator can determine in his will whether someone can use the usufruct of the property in question until his death. Usufruct and also residential rights are secured accordingly as land register entries.

Overshadowed by fierce personnel squabbles, the Green Party in Germany has begun its ballot. The 125.000 party members can vote until 6. December about the coalition agreement with SPD and FDP as well as about the green cabinet row decide. All 125 can participate.000 Green Party members. The voting ends on Monday, 6. December. Voting is done digitally; alternatively, a vote by mail is also possible. At SPD and FDP party conventions vote.

For the Greens, in addition to the coalition agreement, the Green personnel tableau for the new German government , which includes five ministers and the post of Minister of State for Culture and Media, is also up for vote. A simple majority is required, there is no quorum.

The lineage runs to 6. December at 13.00 a.m. The result is to be announced on St. Nicholas Day. Whether the Greens will be in a celebratory mood by then remains to be seen. Because the occupation of her five ministerial posts has triggered a fierce wing dispute, the consequences of which are not yet foreseeable.