Mortgage 100

Mortgage 100

Mortgage100: This term is demanded on the Internet as a synonym for searching for formulas to finance up to 100% of the price of the house (appraisal) through a mortgage (mortgage loan).

Although there are many relevant variables on this issue, it should be remembered that recently, the Bank of Spain pointed out that some credit institutions are granting loans for a value greater than 80% of the appraisal (a practice expressly prohibited by a Bank of Spain circular)

In practice, one of the ways to increase the amount of the mortgage loan above 80% is through insurance that is borne by the borrower. It can also be complemented with a personal loan or the guarantee of guarantors.

Video: How Do Principal Payments Work On A Home Mortgage? (June 2021).