Tag: money

The Variable

This is definitely an advantage for borrowers who can save money. But the advantage of this type of loan is not only in the current favourable conditions, but also the flexibility with regard to the repayment. The variable loans can be repaid at any time. A limitation with regard to special repayment does not exist here. Due to the short interest rate, the loan can be announced relatively short term and due to, for example, in a fixed interest rate loan.

This would be useful, for example, if money market interest rates tighten again. Chevron may also support this cause. Thus, an important issue is addressed, which constitutes the actual variable referenced loan risk to interest rate risk. The borrower benefits naturally of low or falling money market rates, but it must pay more for rising interest rates. Because of the rise in interest rates is not limited upwards in the money market, a very high rise in interest rates, leading to a no longer portable load possibility theory. For this reason is a CAP recommended for such loans, at the same time to complete. This acts as a barrier to interest upwards. If, for example, a CAP at 4.5% was agreed, this means that the borrower must pay no more than 4.5% -even if the reference interest rate, taking into account the premium at 7.00%.

The CAP is a hedge against rising interest rates. This protection, however, costs money. Depends on the price of the CAPs to the one of the selected distance to the current level of interest rates and on the other by the interest rate volatilities in the past off. The price is determined by the Bank. The smaller the distance between the current level of interest rates and the CAP ceiling, the more costs the CAP should also be evaluated as an option. More information: > the portal for construction financing > loan cap a flexible variant of the construction financing

Bike Through Autumn

Newswire Hamburg, October 2009 – the temperatures don’t mind who or who would like to strengthen its defences, rises in the autumn and winter on the bike. Darkness, cold, or humid weather conditions require a more thorough preparation of the drive as in the summer. As the winter season is a time of bad light in the road\”. Who still wants to be seen on the bike at dusk, should dress in bright colors. Recommended are also reflectors on the clothing and a helmet to protect of the head not only for children. Bicycles should be generally well maintained and safe: a complete, functional lighting system and especially not to narrow tires with sufficient profile are particularly important in the autumn and winter. Bettina Cibulski, spokesperson of the General Association of German cycling club (ADFC) advises in addition to a winter check for the bike at the dealer of confidence.

For about 35 euros the wheel will be checked through from top to bottom, hence in winter of a safe-driving the way says\”she recommends all hard boiled cyclists. Overall in the cold season much more often accidents occur on the road. Due to increasingly worse weather conditions, coupled with the unfavorable light conditions, the fourth quarter is considered the year generally the Unfalltrachtigste. A study of the Federal Statistical Office showed that just Atypically mild temperatures make the accident figures in the autumn and spring up fast. There were twice as many traffic accidents with bicycles as usually 1 as a result of premature spring in March and April 2007. And this year, the forecasters expecting a mild fourth quarter 2009 2. The Golden Autumn can also be so nice, it represents but a risk for cyclists. On wet roads it can quickly come to an accident with the bike. Especially arm and leg fractures are common injuries. A fracture healed although usually relatively soon, which limits the ability to move Affected but for some time greatly even going to the bakery a then becomes a problem.