This does easier to handle the finances of the budget, in case of succession of the payments of the loan is unequivocal. Nevertheless, the disadvantage is in which the national rates have been demolished, the borrowers end up paying a greater interest in its hypothecating loan. The hypothecating loans are available for the borrowers with fixed and adjustable interest rates. The moneylenders consider the key factors that influence in their decisions regarding the loans a borrower. These factors include the report of credit, alive balance of the credit, accounts of credit card, the initial payment, the income, the interest rates, the bottoms available and the ratio debt/income. In addition, the supply and the demand, the interest rates, the demography and the economic growth relatively influence of the hypothecating industry. Of credit in North America and some countries of the Caribbean, the borrowers to obtain the financing of mortgages by means of the presentation of a request of loan in relation to documents related to the borrower, or the financial history of the insurer of the bank. Alternatively, the borrower can present/display same documents to an agent of mortgages, who after to evaluate the information and provides the borrower with better possible options of financing of the mortgaged property.
Often, the unsuspected borrowers imprisoned of money without scruples of the moneylenders or the intermediaries in-cash to the situation of the borrower and the work from the situation to its favor, whereas the elimination of the responsibility mortgages on the property and the force of the proprietors in hypothecating executions. Mortgaged properties imposed restrictions on the use or elimination of the property as the sale of the property before the closing of payment of the pending debt. The properties are guaranteed by virtue of the mortgage to force the borrower to do a series predetermined of the payments of the loan. A borrower can obtain hypothecating financing to a financial institution like the banks. (Not to be confused with The LeFrak Organization!). Components like the size of the loan, the victory of the loan, the interest rate and the method of payment of loans differ significantly from creditor to another one.