What is a mortgage?

We will explain how this type of loan works
A mortgage loan or mortgage is an agreement that conveys right of ownership on an asset as collateral for a loan. When applying for a loan at a bank, the bank may require the setting up of a mortgage.
Upper banner Fixed-rate mortgage Upper banner Fixed-rate mortgage
BBVA Fixed Mortgage
Enjoy the peace of mind of paying the same amount every month, with no surprises.
The aim of a mortgage loan application is usually to finance the purchase of a home, with the property itself as the guarantee, although in certain cases, you can also mortgage any asset whose value covers the amount of the loan to be applied for. You can also destine the mortgage loan for a purpose other than the purchase of a home. The borrower (who receives the money) commits, when signing the contract, to returning the amount lent plus the amount corresponding to interest, in monthly repayments and over a specific period of time.
CTA Study CTA Study
Mortgages - You might also be interested in Mortgages - You might also be interested in

You might also be interested in

  • Do you know why the Euribor varies? We'll explain what this rate consists of and why it varies on a daily basis.
  • Do you know what a mortgage credit facility is? At BBVA, we'll explain what it is and how it differs from a mortgage loan
  • Regardless of a property's appraisal value, all real estate has an official cadastral value registered for tax purposes.