A mortgage is most often:
* Established in the form of loan a specific amount (although it also exists in cases of any open mortgage can be used by runs within an overall ceiling)
* Granted by a bank or a financial specialist.
* Established a long term (several years or decades) except in loan-relay covering a waiting period between the purchase of a property and the sale of another property where another financial return expected)
* Fixed rate over the lifetime of the mortgage (at least the most common in France), or adjustable rate.
* Related to a contribution. However, funding of the entire acquisition (acquisition cost of the property + notary fees + cost of the guarantee) is always possible.
* Repayable by monthly installments
* With a loan guarantee on the property financed
* With a disability life insurance on the borrower, the fee
* Limited to one part of the property value, usually a contribution between 10 and 30% is required.
The percentage rate (TEG) is the total cost of the loan to the borrower expressed as an annual percentage of the amount of the loan. The TEG is calculated from the nominal rate. It is the indicator of the overall cost of your loan.