Formalize a Mortgage

If we accept the binding offer that we provided the bank, the following is to formalize the mortgage. This process takes place before a notary who will oversee the signing of the deed of sale and mortgage, you usually have to submit receipts as the IBI, the seller’s title and conditions of sale.

This event will bring together all parties involved and thus be made both of the deed of sale as the mortgage loan. After a few days and may have the title to his name.

In most cases you will have the money at the same time that the scriptures are signed, that way you can pay the seller at the time without having to delay payment.

As for the cost of writing and setting up the mortgage we normally presume that around 10% of housing.

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