Category: Mortgage Loan

What are the mortgage expenses

For all those who have been inevitably forced to mortgage their home or some property, the claim of the mortgage expenses can become an unexpected but very encouraging surprise.

The truth is that in many cases, when a loan with a property support is needed, it is accessed with fear of putting the house or property at risk but with hope, the immense hope of getting out of debt or starting a large project that returns a good investment. But in doing this we find that not only do we have to put our properties at risk and pay for the loan and its interests, but we must also cover the expenses related to the legal formalization thereof; either by notary, appraisal, registration, etc. This is called mortgage expenses.

Claim Mortgage Expenses

Claim Mortgage Expenses

However, the sentence promulgated by the Supreme Court on December 23, 2015 explains that users are no longer obliged to pay all these mortgage expenses and what is even better, for those who have already invested money in this kind of services, there is a possibility that the corresponding mortgage costs will be claimed before the private institutions. As the banking entities are the beneficiaries of the mortgage loan, it is they who must carry these expenses and not oblige the users to do so.

Can I claim mortgage expenses?

Can I claim mortgage expenses?

The sentence is exercised from a retroactive modality, which means that it does not matter if it was promulgated in 2015 and the signing of the mortgage was made in previous years, even so, if the parameters stipulated for the banking entities with respect to the bank Investiture of the responsibility of payment for formalization of the mortgage can be made a claim of the same and receive the mortgage expenses.

However, although it does not matter the time elapsed since the signing of the mortgage to carry out the appeal of the mortgage expenses claim, it is important to keep in mind that there is a stipulated period to file the application after the promulgation of the sentence . This term can be modified by the Supreme Court, but in the first instance it has been established for the next four (4) years from the date of issuing the sentence.

This means that once 2019 ends, it will no longer be possible to make a claim on the mortgage expenses for those that have been signed in years prior to 2015. For this reason it is important that people who want to file this resource with a banking entity Do it quickly and quickly from the date. What steps should be taken to claim mortgage expenses:

Formalization of the mortgage loan

Formalization of the mortgage loan

The expenses for the formalization of the mortgage can be claimed if you have the appropriate support to prove and determine the specific balance and the services charged. For this reason it is essential that the applicant has among their documents the deed with which the mortgage loan was made and the invoices of the different services acquired in order to carry out their formalization. And with this simple way it is possible to claim mortgage expenses, we hope this information has been useful to you.