Liquidity Credit: Do I have to own the home under guarantee?

If you need resources urgently , in the event of unexpected expenses, and if you have a property , you can use a financial product that can solve your needs: liquidity credit.

This product allows you to obtain liquidity leaving a guarantee home . What requirements must you meet to apply for it? How do you pay? Do you need to own the home under warranty ?

Homeowner in guarantee: request a liquidity credit

Homeowner in guarantee: request a liquidity credit

How is this type of financing different from a mortgage?

In this case, it is about converting a property into liquidity. It is more like a pawn than a mortgage, because you agree to pay a certain amount with the house as collateral, and not to pay a loan to buy that house, as happens in the mortgage.

Is it necessary to own the home under warranty?

Among the requirements that are requested for a liquidity credit we have

Among the requirements that are requested for a liquidity credit we have

  • It is necessary to own a home that is left under warranty
  • The house must be free of any lien and mortgage
  • A notarial procedure is required that includes appraisal, assessment of encumbrance and property registration
  • If you need resources urgently , in the event of unexpected expenses, and if you have a property , you can use a financial product that can solve your needs: liquidity credit.
  • How is this type of financing different from a mortgage?

How does a liquidity credit work?

How does a liquidity credit work?

In this type of financing, the owner of the property under guarantee does not transfer his property to the bank: he only leaves it as collateral during the term of the loan repayment, which is paid in fixed monthly installments.

This product allows you to obtain liquidity leaving a guarantee home . What requirements must you meet to apply for it? How do you pay? Do you need to own the home under warranty?


Leave a Reply

Your email address will not be published. Required fields are marked *