What data includes mortgage agreement?

All contracts have a single unpleasant feature - they are written in the language of ancient Egyptians, to understand and "digest" which is very difficult. Therefore, we are in a more understandable expressions will tell you that contains a mortgage agreement. The contract must be given all the information on the pledge: Where is this property, by what right do you belong to and who recorded it right. Also, all the assets of special efforts of organizations to evaluate and indicate the amount received in the mortgage contract. Credit parties in the agreement indicate the main mortgage lending conditions - who gave and who got the loan, the loan amount, interest rate, monthly payments, term and repayment of credit. The contract is concluded in writing and must register at the location of collateral. The rights of the Credit Luck "has a right to reside in the mortgaged house or apartment, as well as register for this living space for all family members. But if he wants to redevelop or rent housing to rent, then at least have to ask permission of the bank. In turn, the bank may ask to prepay the loan only if the borrower fails to pay its debts or has violated terms of making payments for more than 3 times a year.