Conditions of mortgage

Conditions of mortgage

Conditions of mortgage

Mortgages A mortgage is the ability of an individual, public institution or private enterprise to borrow money to buy a house, land or other property. This property is considered to be a guarantee of the loan through its ownership. Is currently called for repayment of the amount borrowed. The difference between mortgage and betting is different from mortgage betting, where betting in the language means an agreement that the former or the winner of the money or something else taken by the winner of the loser, but the term means the choice of the buyer one or more options, and each option has a certain percentage, This ratio is the amount of the agreed bet, so that the result is the amount of the amount that the better gets if the option betted by both parties is correct and the bet is bet before the bet is taken. Therefore, the betting bears all the cases of profit and loss. Conditions of mortgage The most important conditions for the debtor to meet this debt at the time, to determine if it is sufficient to take a mortgage, and if it does not meet the mortgagee to meet his debt. If the debtor does not meet its debt, the mortgagee is entitled to dispossess and sell the mortgaged property, but must notify the debtor beforehand. In the case of an increase in the price of the mortgaged property from its original value, this increase is the owner's right only, and in the event of a decrease in value, the debtor must compensate for this deficiency. In the event that the debtor is unable to pay one installment, all the installments are settled in one lump sum, meaning that if the debtor provides the installment after the delay or delay, the bank has the right to demand the sale of the property and claim the rest of the installments. In the case of the death of one of the parties to the bet does not invalidate this pledge, but it goes to the heirs or to the representative of the deceased.