Hunting for mortgages to 50 years and lacking free

Date: February 9, 2010	Source: Sources
Category: ECONO-TIPS

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The General Council of the Judiciary provides that the number of foreclosures to be around the 180,000 this year, compared to almost 60,000 in 2008 and 114,000 last year. If we add allo real estate developments that have remained unsold, the result is an accumulated stock of housing is forcing many banks not only reduce the price of the property, but to launch the so-called bargain mortgages, whose advantageous Free deficiencies and conditions include terms up to 50 years.

This line has opted Bancaja, which offers mortgages with three-year grace period on payment of the mortgage payments of both principal and interest as well as some real estate portal that goes on sale at preferential stock floors in ICU ( Credit Union Real Estate, marketer of Banco Santander and BNP Paribas), Banco Pastor and GMAC (General Motors's financial), among others.

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