The mortgage on the house
If you decide to buy the house now, often makes use of a loan. The granting of this mortgage the property will be entered purchased.
This mortgage is alleged by the bank as security for any default or problem should arise. The type of mortgage that you subscribe to is called voluntary because it is the purchaser who will request for the issuance of the loan by the bank.
The mortgage loan is a public act, must be signed in the presence of a notary. The notary is useful to draw up the contract, save in public records, enter the mortgage and verify that this registration has taken place regularly. Registration of mortgage inscriptions on buildings is held by the Real Estate Registry Conservatories who is interested in whose territory the property is located.
You pay all installments of the mortgage loan will expire automatically or need to go to the notary? The mortgage is an accessory in the sense that if the debt or missing ends, the mortgage has no reason to be and ceases to exist. It automatically expires after 30 days from the payment of last installment. May be renewed in the event that at maturity the debt is extinguished.
Registration of mortgage has an additional cost that should be added that the investigation initiated by the bank for the practice of the loan.