The mortgage involves a number of factors that make us more compliant in the workplace and limit our professional development. Based on data provided by the Research Service of BBVA, a mortgage, far from being a way to consolidate the dream of the owner, is a weight that leaves us in job insecurity and unhappiness, [...]

In Credit and Loan we have found a valuable guide to address the delicate negotiations with the bank when it has fallen (or are about to fall) into a mortgage default situation. 1. Do not fall into the non-payment Even losing a monthly debit can make us fall in lists and other files from defaulters, [...]

Banks use an equation in a triangle that covers the three main factors involving personal economy and housing prices, which are crucial to our ability to borrow: Income, Equity and Credit. What requirements must I meet to apply for a mortgage? Income: the rest of the relationship between what you earn (your actual income and [...]

1. Whether you are at risk of defaulting To do so, calculating your level of debt means the sum of all your credit payments should not exceed 30% of your income. If what you pay for your loan is more than that percentage. Then you’re in trouble … Don’t hesitate to take action soon if [...]

Although ordinary credit loan used synonymously, banks and financial institutions make a clear difference between them, and given that these differences affect us as debtors (in the capital, interest and repayment terms), we should know. Concession The loan is allocating a specific amount to the client to perform a specific project (a mortgage, for example) [...]