{"id":153593,"date":"2014-10-28T15:32:45","date_gmt":"2014-10-28T15:32:45","guid":{"rendered":"https:\/\/www.devnotariato.it\/casa\/durata-e-tipologia-di-rata\/"},"modified":"2021-10-06T12:00:05","modified_gmt":"2021-10-06T12:00:05","slug":"duration-and-types-of-instalment","status":"publish","type":"casa","link":"https:\/\/www.notariato.it\/en\/casa\/duration-and-types-of-instalment\/","title":{"rendered":"Duration and types of instalment"},"content":{"rendered":"","protected":false},"template":"","categoria-casa":[9429,9252],"class_list":["post-153593","casa","type-casa","status-publish","hentry","categoria-casa-caratteristiche","categoria-casa-mutuo"],"toolset-meta":{"sezione_casa-fields":{"casa_abstract":{"type":"wysiwyg","raw":""},"casa_data":{"type":"date","raw":"1414454400","formatted":"28\/10\/2014"},"casa_sottotitolo":{"type":"wysiwyg","raw":""},"casa_testo":{"type":"wysiwyg","raw":"When choosing a mortgage one must pay particular attention to a number of aspects, starting with the<strong>\u00a0duration of the mortgage,<\/strong>\u00a0i.e. the time allowed to pay back the capital borrowed and the interest thereon. The loan term can be seen from the<strong>\u00a0amortisation schedule<\/strong>, i.e. the detailed plan for repayment of the loan calculated instalment by instalment.\r\n\r\nThe\u00a0<strong>longer repayment plans<\/strong>, which allow for individual instalments of a smaller amount, also correspond to a\u00a0<strong>higher amount of interest<\/strong>\u00a0paid to the bank to offset the greater risk it runs.\r\n\r\nIn choosing the mortgage term you should therefore consider primarily your<strong>\u00a0ability to repay<\/strong>, it being always necessary to plan one's investments carefully, according to one's needs and\u00a0<strong>current and foreseeable<\/strong>\u00a0economic capacity.\r\n\r\nThe most common repayment plan is the so-called \"French\" one which provides for the reimbursement of interest on the diminishing balance: you start by paying instalments consisting primarily of interest and in small part of capital, while later on the instalments are made up of a greater share of capital and a lower share of interest.\r\n\r\nIf you choose a\u00a0<strong>fixed-rate mortgage<\/strong>, the\u00a0<strong>repayment plan will not vary<\/strong>\u00a0during the term of the loan, while in the case of a\u00a0<strong>variable-rate<\/strong>\u00a0mortgage the relevant repayment plan may be\u00a0<strong>subject to variations<\/strong>\u00a0due to fluctuations in interest rates.\r\n\r\nYou can choose the frequency of repayment instalments which can be monthly, quarterly, half-yearly, and so on."}}},"_links":{"self":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/casa\/153593"}],"collection":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/casa"}],"about":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/types\/casa"}],"wp:attachment":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/media?parent=153593"}],"wp:term":[{"taxonomy":"categoria-casa","embeddable":true,"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/categoria-casa?post=153593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}