What are mortgage bonds?

We will explain what this financial product involves
Mortgage bonds are securities issued by financial institutions that offer fixed returns. That is, the person that takes out a mortgage bond receives a return in exchange for the money they have invested in this type of security.
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Mortgage bonds are issued with the guarantee of the loan mortgage portfolio from the financial institution. That is, the bonds are guaranteed with all of the financial institution's mortgages. As such, they can only be issued by official credit institutions, savings banks and mortgage loan companies.


The bonds have an approximate term of between 1 and 3 years. There are two types of mortgage bonds depending on their guarantee:

  • Mortgage bonds with special guarantee: issued with the guarantee of one or several specific mortgages, which must be identified.
  • Mortgage bonds with general guarantee: guaranteed with all of the financial institution's loans, except for loans that are backing mortgage bonds with special guarantee.
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We hope that this information has been helpful to you. If you have any other questions, contact us at BBVA. We will be happy to help you.
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