Mortgage Lending

Borrowers of mortgage loans who are unemployed may pay their mortgages through the Government. According to data published in the BOE, will offer some financial aid to people mortgaged prior to September 1, 2008 and whose amount is less than 170,000 euros for the residence. With these grants are meant to cover a maximum of 50% of the monthly fees. The financial amounts will be offset as of January 1, 2011 and it will have a limit of 10 years. Both unemployment employed workers and self-employed workers who ceased in their economic activity may provide such aid, as well as the pensioners of widowhood. The main requirement for this aid is that the debtor is not in arrears.

They are still to be determined some aspects of this new measure. The ICO and the financial entities must agree on these aspects before carrying out such aid. Currently, live a difficult economic situation. Many Spaniards have problems making ends meet, pay off the mortgage on many occasions, these people don’t know what to do or how to resolve your situation. To find solutions to mortgage problems, free mortgage offers a wide variety of products adapted to the needs of its customers because it performs a completely free financial study.