Credit mortgages by means of personal loans
 The credit mortgage basically talks each other of those mortgages that are granted by means of a personal credit, which generally they are granted by the banking institutions. Although the elements that make a detour to the credit mortgage are similar to those who influence the mortgage loans, we must emphasize that between both a determinant difference exists. As well we have learned along the place, the mortgage loans are a loan that they grant for the buy of a house, and in this case in particular the entity entrusted to grant it, it delivers to him the holder of the contract, a certain sum of money with which the same one will proceed to realize the buy of the building. We must emphasize that the mortgage loans, they usually cover up to 80 % of the entire value of well.
The credit mortgage for his part, talks each other of a mortgage in which there is granted certain economic limit by means of which, the person who obtained it will realize the buy of the building in the time space that the money him is granted. Although the interests are míninos and the period should be comfortable for the cancellation of the credit, we must emphasize that the credit mortgage is not usually the best option between the financial hardware that can present us for the buy and the financing of a building since the same one is full of conditions and measurements that can turn out to be very little suitable for the person who obtains it. Anyway we must emphasize that the credit mortgage was created by the financial institutions with the only purpose of the clients' reception, since as we were explaining in some article about our place, the banks are who lead the credit granting and hence, it is them who more clients possess.
Credit mortgages and mortgage loans
The inflation that has taken place on the real estate market is a fact concrete that affects most of the inhabitants of Latin America and precisely the only way of being able to gain access to the buy of the proper house is by means of loan or credit mortgages, for it the fact is that there are increasingly the means that are implemented in the financial institutions. Although the credit mortgage can go so far as to turn out a big help for the building financing, we must emphasize that the same one only covers 60 % of the entire value; it is here where we notice the difference between the credit mortgage and the traditional mortgage loans, since, although the above mentioned do not finance the entire cost of the housing to us, they offer us different financing plans so that this way the buy of the house is facilitated to us. It is not the case of the credit mortgage.
 In general, that person who requests a credit mortgage proper for the securing of his housing meets that the same one imposes the request of a personal loan to be able to finance the entire value of the housing. That's why we were saying previously that the credit mortgage is implemented by most of the financial institutions “clients stole him” to the banks. The method works of the following way: the financial companies do boasting and publicity of the opportunities and the benefits that the credit mortgage grants us, doing emphasis on the low interests, the long period and the corresponding plans of payment, and once the client becomes convinced to request one of them, there is seen in the obligation requesting a personal loan to be able to realize the buy of the building. And it is here where there hides the trick of these financial companies.
The personal loans, since well we have learned, are the most expensive financial hardware that we could find on the market due at such a high level of interest with which they manage; for his part the financial institutions work principally with this type of credits since the profit margin is much major, and for it it is that they become attached the request of a credit mortgage to the securing of a personal loan. Personally we will take the adventurousness of advising him do not even not even to bother in the securing of a credit mortgage, since it will be very difficult to be able to expire with the obligations established by the same one to him. When it is a question of the buy of a building, it is preferable to incline for the most well-known mortgage loans, since the same ones will offer us a major benefits quantity and also there turn out to be financial elements, which on the contrary of the credit mortgage, there has the end of facilitating to us the securing of such a wished proper housing. |
