A brief presentation of the real estate loan, accessed in most of the real estate acquisitions Sibiu. Eurosib Imobiliare is a real estate agency in Sibiu and so far has brokered over 1200 apartments for sale in SIbiu, most buyers accessing real estate credit.
Given the fact that the ROBOR benchmark is very unstable and some analysts believe it can reach a value of 4%, compared to a value of about 2% as it is today, BNR deputy governor Liviu Voinea urges Romanians to orient towards fixed interest mortgages. If you access such a mortgage loan you obviously do not care about the fluctuation of interest, and if this loan is also in lei, then you do not worry about the exchange rate.
Thus, Liviu Voinea stated: " The National Bank of Romania closely monitors the evolution of risks to financial stability and seeks, through the macro-prudential policies it has adopted or is preparing to adopt, to reduce the risk of over-indebtedness of the population. At the same time, the NBR considers that the debtors would be better protected, in the medium term, if they would ask for a greater degree of fixed-interest credit agreements ”. You do not have to be a specialist to observe that in Romania, fixed interest loans are not in high demand. Among the reasons that make this type of loan unattractive is the unpleasant experience of fixed interest loans in the first years, granted before 2008. Thus, since the fixed interest period ended, the cost of the loan increased sharply. Precisely because of such unpleasant experiences, fixed interest credit is so "popular" among Romanians. It is true that even banks do not intend to promote such a product, with very few banks having such credit in their portfolio.
Currently, there are commercial banks in Romania that offer fixed interest mortgages for a period of 1 year, 3, 5, 7 or 10 years. Under these conditions, the highest risk may be the sharp increase in the cost of the loan, immediately after the end of the fixed interest period. Thus, banks such as BCR, Raiffeisen Bank, Unicredit Bank, Bancpost and Marfin Bank, have in their portfolio fixed interest mortgages for 1 year, 3, 5, 7 or 10 years, depending on the bank. Such fixed interest rates range from 4.1% to 5.5% per year. The only bank in Romania with fixed interest for the entire credit period is BRD. This bank has a fixed interest rate of 6.9% per annum, on mortgage loans granted in lei. For those who keep their income at BRD, the fixed interest rate is 6.65% per year. All these loans are mortgages in lei with a minimum advance of 15% - 25%, the fixed interest being not applied to the credits granted through the "First House" Program.
Although fixed interest loans are recommended by the NBR, they are not available to Romanians. In the case of fixed interest loans, both the bank and the debtor have to make many calculations, and a 30-year forecast of the interest rate evolution is very difficult to estimate, a long-term fixed interest which means a very high risk for both the bank and the bank. as well as for the debtor.
If you are looking for a property in Sibiu, apartment or house and want to purchase it through mortgage / bank loans, the real estate agency Eurosib Imobiliare in Sibiu can help you in finding the preferred building and in advising on the perfect choice of bank credit in order to purchase the property. Regarding the offer of the best banking offer we are directly partners with the firm of Broker Loans: Smart Credit Finance; and in order to purchase apartments we promote all real estate assemblies in the city, we recommend the purchase of apartments with 2 and 3 rooms within the residential complexes of Sibiu Magnolia Residence and Belvedere Residence.
You can find all the offers of real estate complexes in Sibiu on the page of the Sibiu Residential complex, a site dedicated to new apartments in Sibiu .
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Eurosib Imobiliare Sibiu is a top real estate agency in Sibiu that has helped thousands of buyers to find their dream home in the whole SIbiu county, resulting in thousands of real estate transactions and almost 2000 new apartments sold in Sibiu.