The mortgage loan is a bank loan for the purchase, construction, renovation of homes, buying land or refinance loans with the same destination contracted from other banks. To get a mortgage you should have a warranty, represented by the mortgage on the building, bought a house or other building.
To obtain a credit-scoring is now paramount. This information is transformed into points, which further influences: the decision of approval / rejection, the loan approved, the advance required, the cost of credit (interest, fees), indebtedness, etc. coverage with guarantees. Scoring site, in addition to applicants and co debtors income (amount, source, etc.), destination and other loan rates to credit cards (credit, overdraft) or delay in payment, includes detailed information:
- Requesting personal data: marital status, number of family members, the last level of education completed, since it lives on as a current address and what (owner, tenant, with parents, etc.)
- Data on employment: the name of the employer, job categories, number of employees, job applicant, job title, age at current employment and total employment in work field.

All these data form the risk profile of the applicant, determined in obtaining financial approval for a loan. Because this scoring is a lot different now from one bank to another, the role of consultant officer / broker of credit is very important. Brokers credit, based on partnership agreements with banks in the portfolio, and together with their own simulators can choose the most convenient banking products without visiting those 10/15/20 banks and without supplementary cost of consulting other brokers.
What is the length of employment required?
Some banks require to have a minimum age of 6 months at work and for those who have income from independent activities shall accept a minimum one year old. Other banks require a minimum age of 3 months to work and work a total length of at least one year.

It is needed a life insurance?
If mortgage loans, all banks insurance requires the completion of the house.
At some banks, when you get a mortgage you also need a life insurance. Other banks offer free insurance and at others it is not mandatory.

Why it is needed to be insured
Insurance is a form of financial protection in case of accidents to people or other cases in which we cannot pay rates. For example, if the disease, unemployment, serious accidents resulting in death or disability, occur the person who obtained the loan will not be able to pay the rates. In these cases, the insurance company will handle repayment.