Real Estate Loan

A mortgage is a loan granted under the condition of mortgaging one or more real estate assets constituting the borrower’s assets. The mortgage can be made on the real estate for the purchase of which a loan is requested, but also on a real estate independent of the loan application. In the event of non-repayment of the loan, the bank has the possibility of seizing and selling the mortgaged real estate. The mortgage loan works like a traditional loan. Its terms, duration and amount are therefore established. The terms of the mortgage loan are similar to those of a traditional loan. It is therefore possible to repay the loan early, to adjust the monthly payments, but the mortgage rate can also be subscribed to variable or fixed. In the event of sale of the mortgaged real estate, the loan can be settled early, but it is also possible to take out a replacement mortgage on another real estate asset.