Next Thursday, September 16, the first call will be launched ERANet-LAC (Network of the European Union, Latin America and the Caribbean Countries) to finance collaborative research and innovation projects between the European Union, Latin America and the Caribbean.
The call will be financed by the funding agencies of the participating countries, according to the regulations of each country. For Spain, those responsible for providing financing will be the Ministry of Economy and Competitiveness (MINECO) and the Carlos III Health Institute (ISCIII).
This first call will finance research and innovation activities, although the projects may include researchers’ mobility measures and access to R + D + i infrastructures that promote the development of long-term collaborations. The specific themes focus on the fields of Biodiversity / Climate Change, Bioeconomy, Energy and Health.
The consortia must be formed by a minimum of four eligible partners from four different countries, including two from each region and with a maximum of two partners per country.
You can check all funding agencies on the web: www.eranet-lac.eu. Applications may be submitted until November 27, 2014 and the maximum duration of the projects will be 36 months.
This type of insurance protects creditors in the event that debtors are no longer able to repay their mortgage. This type of insurance is available for mortgages down 1 million. The maximum duration of depreciation is 25 years.
This insurance increases your purchasing power
Although this insurance costs money, it provides you with a huge profit. The risk of insolvency would be much greater if you do not have this insurance and therefore the interest would be higher. By having this insurance, creditors can lend you money because of the protection offered by insurance. For you, getting a lower interest rate allows you to borrow more money. As a result, your purchasing power increases and you get more in return for every dollar invested.
Which companies offer these insurance?
Many creditors offer this type of insurance. Among the most popular, we find:
- Genworth Finacial
- Canada Mortgage and Housing Corporation
- Canada guaranty mortgage insurance company
Debtors may also appeal to creditors if such insurance is necessary.
When is mortgage insurance not required?
Debtors who can make a first deposit of 20% of the total value of the loan are not obliged to purchase this insurance. When that happens, buyers simply take a normal mortgage. Of course, there are exceptions to this situation. If the debtor’s salary begins to vary greatly, such insurance may be required.
What are the premiums for mortgage loan insurance?
The monetary supplement will be calculated based on the first deposit. Buyers making a large first deposit can expect to pay less. In most cases, extra payments vary between 0.5-3% of the total amount borrowed.
How is mortgage loan insurance paid?
This insurance is often financed by the creditor. It’s not like lawyers fees or taxes on property. Buyers do not need to pay the amount right away at the purchase. The value of the insurance is added to the value of the house. As a result, monthly payments will increase based on the price of insurance.
Why is this insurance so important?
The majority of creditors limit the loan to 80% of the total value of the house. If a buyer is not qualified for insurance, he will have to apply for a second loan from another creditor to make up the difference. The disadvantage with this second loan is the high interest rates. Also, this equates to much larger monthly payments. Second loans are more expensive than the first ones. This is especially true when the amount of money borrowed is greater than 75% of the value of the property.
In the eyes of many, Cancun is one of the most expensive and luxurious Mexican tourist destinations. Although it is a cosmopolitan city full of glamor, there are ways to get to know this wonderful site of the Mexican Caribbean without having to spend large amounts of money. Here are five tips to take care of your economy during your trip to Cancun:
1. Stay in downtown Cancun
The hotels in downtown Cancun are usually much cheaper than those located in the Hotel Zone. This area of the city is safe and offers several options to buy handicrafts and souvenirs. Another advantage is that there is located the bus terminal in case you want to know Playa del Carmen and the Riviera Maya on your own. In addition, you can easily move to public access to beaches thanks to urban trucks, which pass frequently and provide service 24 hours.
2. Eat in traditional food establishments
Not all restaurants in Cancun are exclusive and expensive. There are several establishments with affordable prices, mostly specialized in Mexican food from the different states of the republic, since the city is made up of people from all over the country. The majority is concentrated in the Park of Las Palapas and its surroundings, in the downtown area.
3. Book hotels with kitchens or kitchens
If you travel as a family or as a group, preparing your own food is a very wise way to save. The hotels with villas, condominiums and apartments are located both in the center and in the Hotel Zone so that you can choose the one that best suits you and fits your budget. Reaching supermarkets is not a problem, since access to the most prestigious chains is easy through public transport.
4. Acquire your trip in advance
Like all goods and services, tourism is governed by the law of supply and demand of the market. If you plan your trip by anticipating some months you will not only get the most out of your time when you arrive at the destination, but you will also find flight rates and hotel rooms at cheaper prices.
5. Search and take advantage of the offers
Many hotels launch last-minute offers in order to close the season with a flourish. Check the websites of online travel agencies frequently and compare the hotels in your catalog. You will surely find the promotion you’ve been waiting for so long!