What do you know about mortgage loans?

What do you know about mortgage loans?

Do you have any idea what a mortgage loan is? Do you know what should be taken into account when considering one? Here at Mecka Load, debtor defense experts, we tell you everything!

What do we mean by mortgage credit?

When we talk about mortgage loans, we mean those medium or long-term loans that are requested in order to buy, expand, repair or build a home from scratch.

At the time this type of credit is requested, the home or property is guaranteed or mortgaged in favor of the bank that has approved said credit. This in order to make sure that the credit is going to be paid in the corresponding terms.

How much does that credit cost?

As specialists in matters related to the defense of the debtor, we warn you the following: before you go to hire any credit, especially a mortgage loan, it is important that you take into account the main costs that this entails:

  • Notarial Expense
  • Appraisal expenses of the mortgaged real estate
  • Stamp and stamp taxes
  • Insurance premiums
  • Registration fees in the Real Estate Curator
  • Study of titles and writing of writing

This is what you should keep in mind when applying for a loan like this.

What are the types of mortgage loans?

If you don’t know what they are, look at what they already exist here in Chile: mortgage credit with letters of credit, endorsable mortgage mutual and non-endorsable mortgage mutual.

If you need advice on this issue or any other, just contact us at any of the phones listed here. Remember that we are experts in legal services, defense of the debtor and factoring. Never stay with the doubt.