When did people first start using collateral to secure loans?

The history of loans, especially non-cash loans, is not well documented. It is generally believed among financial historians that borrowing one type of commodity existed against another thousands of years ago. However, collateralised loans from banks only became commonplace in the past hundreds of years. Mesopotamia, Greek Aunt Pollyand and Rome The oldest written loan…


Is rescheduling a mortgage loan a better option than refinancing?

  Although many homeowners are familiar with the ability to refinance their mortgage, not all homeowners understand refinancing loans. This may be because not all lenders are rearranging or re-debiting, and not all borrowers are eligible. However, the process can save you money in two ways: by reducing your monthly mortgage payment and letting you…


Penalties of Prepayment Mortgage

What the law says ?   The Consumer Code (L312-21, L312-22, L312-23) allows a borrower to repay a mortgage in full or in part. The bank can not oppose it but has the possibility to apply prepayment penalties and set a minimum amount if you partially repay your loan. Note that the amount of compensation…


Financing Of the European Investment Fund

Dare to carry out your projects through the line of financing created through the agreement “Software” between LABORAL Kutxa and the European Investment Fund. It aims to promote the future of entrepreneurs, SMEs and self-employed. Also, you have the financing in very special conditions to create or consolidate your business. AUTONOMOUS AND SMALL BUSINESS FINANCING:…


Personal Contribution For A Real Estate Loan: Can One Buy Without Capital?

There are those who prepare their real estate project by first making a personal contribution and those whose purchase meets an immediate need, even impulsive, and which do not always have a capital. Here are all the tips for borrowing without capital. Exact definition of a banking point of view The personal contribution corresponds to…