Usually in the mortgage loan is used as collateral to the same house that is being financed, or other real estate property. That is why they decide that a house is mortgaged when it is being used as a guarantee for the payment of the loan.

Select the entity: there are several financial institutions that offer mortgage loans. It is recommended that you do not go with the first option you find, but rather review several alternatives to see which one best suits your needs.

Take care of the interests: do not forget that many times, the interests can make your debts increase when the payments are not made on time. In the case of mortgage loans, look for the one that offers the lowest interest rates and ask if they are fixed or variable.

Origination fee: another point you should analyze is the fee you may be charged for opening the loan. Not all banking institutions make this charge, but it is necessary to take it into account in order to make comparisons.

Denomination: ask if the credit you will be granted will be in local currency or if it is tied to a reference unit. If you are considering the latter, take into account that the value of the installment is adjusted depending on inflation, so you should consider this additional factor before deciding.