The first thing is not to confuse a mortgage loan with a loan with mortgage guarantee. In the first case, the amount of the loan is used for the purchase of a property, while in the case of a loan with mortgage guarantee, the purpose of the amount borrowed does not necessarily have to be the purchase of a home.
A mortgage loan is a loan in which the customer provides a property as guarantee for the payment of the transaction; this means that the bank could enforce its rights over this property if the customer does not comply with the loan repayment commitments.
