The information that banks and provide the potential customer is, too often, biased, misleading or even cryptic. Transparencymust be the flag of the bench, especially if the information is aimed at the general public and not qualified investors. A look at a website of a financial institution should give a good orientation of the requirements for the mortgage granted to us based on our economic characteristics and the house we buy.
I do not think the proposal that made CIU Congress of Deputies believed it or them, with all due respect to training. In the Spanish legal system the mortgage is a personal debt of the owner and a security housing for the bank. If you ask me if it’s just a family to lose their home because they can not pay the mortgage, I would say no. The Spanish financial...
The fixed rate mortgages offered by financial institutions have a number of advantages and disadvantages compared to variable rate mortgages and calibrate we need to know before making a decision. The security that gives us to know the monthly fee always pay a fixed rate mortgage is met with high interest rates they charge for this type of financing and the high cost of switching banks. Advantage of...
Reunification, group or refinancing of debt are different ways to call a mortgage product offered by certain financial institutions which serves to balance our financial situation. It basically consists in expanding our existing mortgage or build a new mortgage, the amount we can cancel our personal loans available balance on credit cards and other debts. What is it and what is not a...
If there is something that involves some very important duties and responsibility almost a lifetime, are the writings of this loan .Through ignorance or complacency and apathy sometimes others, many people have come to the notarized signature of the hand of its director of a lifetime (or bank of the private agency), without having read or binding offer. Notary...
Financial intermediaries, so-called companies debt consolidation are useful agents in the mortgage market, as well as acknowledged by the Law 2 / 2009 which regulates the financial intermediation and private equity mortgages. The first thing to know the potential customer looking for mortgage assistance is the type of financial intermediary needs. What type of credit intermediary hired? Depending on our...
There are three types of reverse mortgages: Mortgages Single-Purpose Reversible (Single-Purpose Reverse Mortgages), reverse mortgage Owner (Proprietary Reverse Mortgages) and reverse mortgages insured by the federal government also known as Mortgage Home Equity Conversion (Home Equity Conversion Mortgage “HECM”). Reversible Mortgage-Singular Purpose (Single-Purpose Reverse Mortgages) usually give the state and local government agencies and...