Loans with mortgage guarantee

Given the numerous requirements that are needed to access a loan, we are often overwhelmed. We can not meet everyone and sometimes we are faced with an unfavorable situation because we can not show a steady payroll or a fixed job that allows us to access a loan. Needs do not give waiting and some urgencies must be resolved immediately so that they do not completely destroy our life. In many cases there are few or almost no options left in the market.

In this case, the loans with mortgage guarantee are just that salvation, that light at the end of the tunnel that offer help to those who need it, simply with the support of home ownership. There is no need to provide any other document, since it is the home itself that supports the loan application.

It is necessary, clearly, that the property you establish as collateral for the mortgage loan is in your name, since it will not work if your support is the home of your relatives or neighbors. In this case the request will be denied immediately. When we talk about a home as collateral for the loan, we are referring generically to a flat, an apartment, a local, etc.

Home equity loans

Home equity loans

One of the advantages of home equity loans is that they are not considered as quick loans. This is very favorable, since the payment can be made in longer terms, after having requested it and the interest assessment will be made on this basis. On the other hand, interest on quick loans usually runs for every day that money is in your hands. In that sense you should not worry because the debt incurred means losing your home, since you will have many years to be able to take care of it. Although you must always pay responsibly the established fees to avoid any type of inconvenience. Due to the systematization and automation of the programs, the response to your request will be extremely fast. This loan can be carried out in approximately 24 hours, after which you will already have a clear answer and the possibility of continuing with the necessary procedures.

An additional advantage is that any type of user that complies with the basic conditions will be accepted and it does not matter if it has been previously reported to any of the credit status verification entities. The above is because it is not your past payment discipline that endorses you but the property of your home, which is the preferred option for many people who for one reason or another have ended up reported in the Financial Credit Institutions lists.

Mortgage loan

Mortgage loan

Remember that the maximum value that you can request in a mortgage loan is calculated according to the maximum value of the home. It is for that reason that you can not have a specific figure but once a specific appraisal of your property is carried out. You should bear in mind that since these loans are made in long terms, it is possible that the value of your home increases or decreases considerably during this period, so that at some point in the contract you may mention something about variable fees. Even if you have longer terms to pay, it is important that you do not fall into a state of prolonged non-payment, bearing in mind that you could end up paying higher interest or even losing the property you establish as collateral. We recommend you read carefully the mortgage loan agreement so that you are aware of every detail regarding the agreement between the lender and the client.