27
Jul
When a client provides immovable building like land and also a building as security for a financing, fee thereon is developed through mortgage. Theoretically speaking, mortgage can be defined as the transfer on a rate of interest in details immovable property for the purpose of safeguarding the settlement of cash, advanced or to be advanced using lending, an existing or future financial obligation, or the performance of an engagement which may generate a pecuniary responsibility. In the entire process, the transferor is called debtor; the transferee mortgagee; the principal money and rate of interest thereon, the settlement of which is…