Mortgages are a loan granted, is more commonly provided to facilitate the access and the acquisition of a house hay Many Types of mortgages, above all a person, where probably represents the largest effort, that is why the people of today must have the Mayor knowledge about possible this type of issues tales of As What is a mortgage gives the reason why many people today lose different types of properties.
Mortgage Loans are made up of two elements one is the director of contract loans.
In this element of Mortgage we can mention that is the pact between the borrower that gives you a certain amount of money person meets, Company another u, the applicant of the loan is forced UN Pay at a time determined by the two people who are doing the treatment, plus a sum of: Interest and other conventions that is obliged a pay the person requesting the loan in this case the person must pay in their time defined the total amount of the loan acquired, as well as the different competencies or the interests which agreed at the time of treatment between both.
The mortgage is the guarantee of the home-buyer offers to the amount of money that the person who gives you the money.
The quantities of mortgage loans
is the amount of money that the borrower or that give applicant's financial, this amount will depend mainly on two very important factors.
The Appraisal Value of the housing, in this case we have to be fair, on all that must be that if the value of the property itself adapts accordingly the loan requested, is feasible, that the purchase price should be adjusted with the amount of money requested to be able to make the mortgage on the property.
The borrowing capacity of the Applicant one of the most important reasons that we have to take into account the capacity of the applicant in order to comply with the contract to be able to pay these sums of money agreed, in this case should make some calculations where reflect if the applicant is able to cover the debt, nominated interest rate.