Literary terms and their definitions for students in Ms. Cox's English 10 Honors at Cardinal Gibbons High School, 2012-2013.
Maximum mortgages in Spain. Mortgages are granted on a percentage of the valuation, which itself is usually below the market value. The maximum mortgage in Spain is usually 80 per cent of the purchase price for a principal home ( vivienda habitual) and 50 to 60 per cent for a second home (segunda residencÃ­a). The normal term is 10 to 15 years, although mortgages can be repaid over 10 to 50 years.
For example, if the nominal interest rate offered on a three-year deposit is 4% and the inflation rate over this period is 3%, the investorâs real rate of return would be 1%.While the real rate is low, at least it will preserve the investorâs purchasing power.n the other hand, if the nominal interest rate is, say, 2% in an environment of 3% inflation, the investorâs purchasing power would erode by 1% per annum. Central banks set short-term nominal interest rates, which then form the basis for other interest rates charged by banks and financial institutions.