The mortgage dictionary is a section of the website that allows you to know in detail the definition of all the terms related to the contracting of a mortgage or mortgage product, one of the financial operations that must be thought about and analyzed the most because it involves a significant debt that will be paid over several years. The Notary Bosch-Bages of Barcelona wants with this page to facilitate the knowledge of the most important concepts related to this type of Notarial services related to mortgages.
The solvency assessment will not be based on the value of the guarantee (except for cases in which the loan is for the construction or renovation of residential properties), but rather to analyze the economic capacity of the borrower, the lender must Take into account: -Recurring expenses -Employment -Debts or financial commitments -Income -Savings -Own assets -Predictable income from collection after retirement, among others. |
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