A mortgage is a loan secured by your home. Guaranteed means that if you cannot pay, the lender can sell your house to recover the money. Remember: your home can be confiscated if you do not pay the credit rates. Lenders of mortgages are priority creditors, they do everything possible to recover the money. If you get yourself in the situation of not paying , the first step is to talk to the lender to resolve the situation before he takes your home.
Lending operation also implies the existence and assuming some risks taking by the lenders and implies some guarantees in favor of the borrower. Securities may be structured as follows: guarantee is the commitment made by any third party (guarantor) to pay the creditor’s debt if the debtor is in default and includes: simple warranty offers the possibility for the guarantor t to negotiate the fulfillment of its payment obligations in the way of asking the primordial execution of its debtor or to answer only for his part, if there is more than one guarantor. The solidary guarantee oblige the guarantor, if it is required by the lender to pay at the same time or even before the debtor, if preferably presents apparently conditions of solvency. Collateral guarantee is applied on some properties of the creditor or other third party (s) and include: retention – provides the lender the right to claim ownership of an asset of the debtor as long as it was not fully paid a debt that is related to that good. To achieve this right must be fulfilled: the tangible property owned by the debtor to have a connection with debt and the debt must be certain and due.
Guarantee by mortgage
The financial institution which lend you lending wants to have the security that they will ensure their money back if you will not be able to pay the full loan rates. Mortgages for mortgage loan guarantees last until the full repayment of the loan to ensure that they are ensured. Until the full repayment of the loan, mortgaged real estate will be disposed only with the prior consent of mortgage lenders. Also, it is possible to guarantee the loan with another real estate than to be bought, owned property that can belong to your relatives.

Securing the co-debtor
Imagine that you found the house you want to buy, but the revenue that you have is not enough to cover the entire loan. It is possible that in certain circumstances, to ask a family member or co-debtor. Using co-borrowers allows those who buy for the first time to borrow more than would allow their current income. The co-borrower is the person who undertakes jointly with the borrower to pay the indivisible obligations under the credit agreement. The co-borrower must not however make draw downs. Co-borrower is usually a spouse, a parent or a close relative Lenders will accept one or maximum two co-borrowers. The income of the co-debtor, and not that of the person who borrowed, will be used to guarantee the loan. The mortgage loan is held on behalf of the borrower, but the security is on a percentage of the property of the borrower or co-debtor’s property.