Procedure of a mortgage loan
In to the actuality the loans are the credit form to which one usually comes at the time of realizing very big buys, as for example that of a house or that of a car. In case of the housing, we must say that the demanded guarantee is precisely the proper demanded housing and the habitual thing is that the companies lenders grant about 70 % of the value of appraisal of the above mentioned housing. Anyway it is always necessary to think it two times before requesting a mortgage loan, since the same one is usually full of mishaps, and in many cases general economic, financial and legal problems. Anyway, the procedure of a loan keeps on being the first option of most of the people when it is a question of acquiring something that counts a lot of more money of the one that it is possible to pay.
To realize the procedure of corresponding loan, it is important that to safeguard the economic safety of our family, we bear in mind some factors and conditions that the procedure of the loan possesses, precisely.  For this it is convenient to have knowledge about the requisites that must take for the dressmaking of a mortgage, the necessary papers to realize the procedure of loan and the fundamental points that there must be considered to be at the time of requesting a mortgage loan. In this article we will offer him a species of guide of procedure of loan so that you more or less could be faced and find out about the same one.
First we will say that to be able to achieve that a financial company grants us a mortgage loan, we must expire with the following requisites: the mortgage must always be done in a public writing before a notary; the area must possess his respective inscription in the property docket and must be registered addressed to the person who is going to assume the mortgage loan. In case the buy is realized simultaneously to the request of the mortgage loan of that time the property must register before the contract is formalized; in the beginning the property must be free of charges, what you mean that, it must not possess previous mortgages, since although the legislation allows to re-mortgage a property, the financial institutions do not do it since the first guarantee of the mortgage loan to be always on the second one. In case of the necessary papers to request a mortgage loan, the same one it is based on the presentation of the responsible ID card for the persons by the loan; the writing of the property; the last receipt payment of real estate tax; the last receipt payment of the owners' community; the certificate of the insurance of the housing; the last two income statements; the two last salary receipts in case the person in charge works for foreign account. In case the same one is a self employed, then it will have to present the corresponding papers that talks each other on the personal activity of the individual.
Types of mortgage loans
At the time of requesting and hiring a mortgage loan, it is suitable to consider some points that can serve of great help to us. For example all the money the entity will give him to the petitioner it is going to depend on amount for which the same housing is valued, and of this value, the most probable thing is that it grants him to itself between 70 and 100 % of the entire value and the quotas to pay also will be related to the revenue of the petitioner, which in most cases, the same ones usually understand between 25 and 35 % of the whole of the income of the person.
Two types of mortgage loan exist. The first one of them is the mixed mortgage loan where the interest rate is analyzed annually, or every half year so that the monthly quota fits every current of tendency of the financial market. On the other hand we have the mortgage loan of fixed type, where the interest and the monthly quotas are supported at a fixed price along the whole life of the loan for the mortgage. Other of the factors that we must bear in mind since it turns out to be very important is the term that we will have for rembolsar the totality of the mortgage loan more his interests. There are great the financiers who grant extensible loans, but it is important that we bear in mind, that in these cases we will always end up by paying much more than we have thought.
 Since although, the quotas with his respective interest are much minor, on having spent a lot of more time paying it, the interest will be increasing. A small detail with regard to the contracts of mortgage loan, is that when it is a question of the acquisition of the house for a family where both the father and the mother are a source of income, the contracts usually possess a clause in which it is indicated that if in some moment, something should to go on to him to some of two supports from the family, already it should be for disability to work or death, the whole of the mortgage loan to be paid will diminish in the half. It is important that the inclusion of this clause appears since before some unfortunate situation, this can be of big help so that the family could support his hearth.
|
