Carlos and Laura are a young couple, 29 and 28 years old, who need to take out a mortgage to buy a home. They have a very good salary and some work experience as computer consultants, but since their savings are not too high, they need the bank to finance upRead More →
Some people ask, what does refinancing mean? Some, what is the best way to refinance my home loan? While others, what are the requirements to refinance my home? And some even want to know if refinancing is a good idea. Whether you need one or more of these questions answered,Read More →
An open mortgage or mortgage credit is a financial product that allows the holder to make provisions on the credit of the money that has already been returned. In other words, it gives the option of borrowing the amortized amounts again to use the money to finance other expenses: a reform, a car… Let’sRead More →
Compulsory insurance for mortgage loans seeks to protect the insured if, due to some unforeseen event contemplated in the policy, they cannot continue making the payment of their installments. Some of these insurances are required by law. Others, despite not being contemplated by law, maybe part of the policy ofRead More →
Supplementing your pension during retirement requires some financial planning. Since many people retire from working life without committing much savings to their retirement, pensioners have to use other methods. One of them is the reverse mortgage, one of the formulas that have become popular again in recent years to supplement the pension. The reverse mortgage is aRead More →
Many people wonder what the steps are to sell a mortgaged home. After all, in Spain mortgages are signed for 20, 30, or 40 years: in that time life circumstances will likely change, and we will have to sell the home while there is still a pending mortgage. Do you wantRead More →
Exclusive: U.S. auto loans soar, authorities ask banks for details of exposure U.S. regulators have asked banks to provide more details on auto loan exposure, sources said, as rapid growth in auto loans draws attention from authorities to better assess risks. The picture shows a slow-moving vehicle on a highwayRead More →
The Countermeasures of my country’s Housing Mortgage Loan Securitization (1) Select a suitable commercial bank as the sponsor In the United States, there are four types of financial institutions in the primary residential mortgage market, namely savings and loan associations, commercial banks, mutual savings banks, and life insurance companies. InRead More →
Bank mortgage 1. Personal housing commercial loan Personal housing commercial loans are self-operated loans issued by bank credit funds and refer to natural persons with full capacity for civil conduct who, when purchasing self-occupied housing in urban areas in this city, use the purchased property housing as collateral as aRead More →
