ClearPath Lending experts explain that the real guarantee of the mortgaged asset provides greater security to the operation, which means less risk for the financial institution. For this reason, and due to the high amounts that are requested to buy a house, the terms for its repayment are longer and the interest rates, lower than those of personal loans. Both elements characterize mainly mortgage loans.

Experts from ClearPath Lending indicate that a mortgage loan must be associated with a book or current account with the name of the borrowers. That is, you will have to have an open account in which the loan amount will be paid and the monthly installments will be charged.

Due to the long duration and economic amount of the loan, taking out a mortgage is one of the most important financial operations for a family or individual.