Mortgages are financing products issued by financial entities, in which the borrower receives a certain amount of money, leaving a real estate as collateral, which will be liquidated by the bank if it does not meet the payment installments pre-established in the contract
Unfortunately, serious financial problems can arise in people's lives and these problems usually arise at the most unexpected time. Even if you are responsible and competent in your finances, even in this case, sometimes it is not possible to avoid a currency crisis.
A co-borrower is a person who signs a bank loan agreement with the borrower and, as a result, receives the same rights and obligations as the principal debtor. A co-borrower of a bank is an equal participant in a bank loan, to which the creditor has the right to demand the fulfillment of all obligations, as well as the main debtor.
A leasing company is one that is responsible, at the request of a client, to buy the necessary transport, equipment, or real estate and then rent them for a specified period. At the same time, the entrepreneur has the opportunity, at the end of the lease, to redeem this property and become its owner.