subject: Loan Restructuring: What you need to know and do! [print this page] Loan Restructuring: What you need to know and do!
When you plan to fix the home mortgage restructuring is the tool that can support your work. All you need to know the information and what to do to apply for a mortgage and complete the restructuring of House.
The Mortgage House to renovate
Among the types of mortgages there exist the so-called Mortgage Banking Restructuring that is intended to those who need to perform modernization work in a building.
As with any loan, this includes delivery to fixed or variable rates: Banks worldwide have a specific offer very rich recommend that you compare all the details.
The Institutes deliver an amount that can cover at most 80% of the budgeted expenditure, or at least never more than the actual value of the property which you must carry out the work.
Apply for a loan for restructuring
To obtain a loan restructuring, the customer must undertake to present a series of documents we are going to list the following:
1. Quote delicate work to be performed and detailed list of items for action.
(Only for routine maintenance).
2. Construction project (written by a professional), in the case of works that fall into the category of maintenance extraordinarily.
3. Authorization signed by the City for the start of work.
4. The DIA: Declaring login.
Tax Incentives
Another very important aspect is that concerning the tax benefits also recognized that the customer turns on a new loan restructuring. By law, in fact, the customer can enjoy deductions on interest payments for loans for the purchase, renovation and building primary residences.
In particular, In particular, the customer who goes to fetch a mtuo Bank for the restructuring of its main house, has the right to obtain the gross VAT deduction (ex. personal income tax) for an amount of 19% on:
- Interest owed;
- Notary Service charges, fees for investigation and report, any commission for brokering activities, the tax burden.
- Share of revaluation dependent indexation clauses
