Mortgage loans
The mortgage loans are characterized because, apart from the personal guarantee, a ‘real guarantee’ is offered like payment guarantee, that building consists of the mortgage of a good. In the mortgage loans the mortgage is a right that has the financial institution to remain with the building in case of non-payment of the loan. Namely the financial institution would happen to be a proprietress of the housing if the debt is not satisfied.
Normally they usually use the mortgage loans for the buy of a housing, although also there is frequent the persons' case that mortgage loans request on his housing to confront the creation of a business. The maximum amount of the loan usually does not overcome 80 % of the value of appraisal of the building.
The real guarantee of the mortgage loans does that the interest rates applied in the mortgage loans are lower than applied in another type of loans in which less guarantees exist.