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Constitution

24 February, 2016 (08:56) | General | By: admin

One of the options more suitable and more currently applied for the acquisition of a property is to have mortgage loans, since they allow in an easy and convenient access to an amount of money to complete the value that has a property and so through the payment of fees may pay the debt acquired with the Bank and the term is given may give such cancellation without problems attending the ability that has the people to make the repayment. But apart from expenditure involving payment of the mortgage and the different committees arising from this banking product, must take into account the costs of notary, aspect that many people forget and that therefore make a bit more delay the acquisition of good, because they pose an extra expense that cannot be had in mindTherefore it is best know well what they mean these to expedite to the greatest extent possible the realization of the mortgage loan. Costs of notary who assume the mortgage, are directed to cover the various formal and legal provisions that will give way to the Constitution of the mortgage, in other broader terms and giving to understand more the reason for the expenses of notary of the mortgage, after that has been made to the sale and purchase of the property with a mortgage loan, must be the Constitution of the mortgage on the property, i.e. sets on the immovable acquired a guarantee that the creditor has against the non-payment of the creditor. The Constitution of this mortgage is made before a notary and assumes about certain procedures, to which the beneficiary of the mortgage loan must face; the expenses arising from the incorporation of the mortgage before a notary will be determined by the same money that represents the mortgage loan, more specifically capital which go to ensure or the amount that comes off of the mortgage liability, i.e. the sum of the loan, interest and commissions.

Briefly we can say that notary expenses are: notary public: this group of notary expenses are those that are generated due to the deed of the the mortgage, which must verify in writing in a document public, i.e. writing published in that repeatability of the mortgage burden on a particular property. The property appraiser: apart from writing public, between the mortgage notary expenses also must register the mortgage in the register of property. Agency: this type of notary of the Constitution of mortgage expenses are generated by processing can be carried out in the registry and in the Treasury. Taxes on documented legal acts: the notary expenses mean 0.5% of the mortgage liability. Already with the completion of these proceedings will configure all notary for the Constitution of mortgage costs.