A mortgage loan is a loan granted by a bank to finance a property or a project and backed by a mortgage on one or more properties held by the borrower. To guarantee himself, the lender has the right to seize the property if the borrower defaults on the repayment of hisRead 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 →
The interest rate for a mortgage loan is the percentage that is paid in addition to the amount of money requested. It corresponds to the amount of money that you must pay for the service that they provide you with money. The best rate for a mortgage loan could be theRead More →
The jargon of mortgage financing is full of several notions and concepts that must be understood very well before committing to a mortgage loan, whatever its nature. Among these basic notions, the second mortgage loan remains one of the most used products by borrowers. What is a second mortgage? A secondRead 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 →
