Pledge of a home loan is not one of the most popular methods of financing homes. However, it is a formula to consider when buy property with mortgage if we have money saved or investments.
A few weeks ago, Romuald Fons, one of the most influential marketers, founder of million-dollar companies, explained in an interview with Uri Vyce, passionate about entrepreneurship and finance, what would you do if you were given 1,000,000 euros. Her response was: “pledge, ask the bank and buy with that. Despign and we start again ».
But What is pledging? Who can do it?What advantages does this additional payment guarantee method offer? From Fotocasa, we explain what this formula consists of to put as additional guarantee our savings or investments. Attentive!
What is pledging a mortgage to buy a house?
The concept to pledge is to leave our assets as a “pledge” as an additional guarantee of payment to a lender, in this case, the bank. It is a method used in banking to secure an operation, such as a mortgage to buy a house.
The bank, in case of non-payment by the client, will have the right to appropriate the pledged asset: a bank deposit, a fixed-income investment fund, variable income, shares, bonds… The pledged loans are granted to people with good profiles who have the money to apply for a mortgage, but deposited in savings or investment products. This saving is usually high, so the Loan conditions are usually very advantageous.
2023-05-01 09:47:55
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