What do mortgage guarantor?

Being a guarantor is as dangerous as the spacewalk without a spacesuit. But what to do? How to refuse a friend or close relative who urgently need a loan? Today, many banks ask borrowers, so they brought guarantors. For banks - is ideal. Emerged from the borrower any problems with the payment of debt, to meet the loan will be the guarantor, not the head, as his property. As you can see a big risk, a position - very demanding and dangerous. Not everyone agrees. And then there's the banks 'pick', the conditions put forward for guarantors - to have a good credit history, stable income. Since the last "test" the bank concludes a contract in which registered all the rights and obligations of the guarantor. Demand from the borrower the way, if the guarantor for the borrower to repay the loan, it then has the full right to require the borrower to return the money spent. That, of course, may refuse, but in such cases we have a trial. And the court is likely to be on the side of the surety, and if the borrower risks losing all their possessions. By law, taken in the mortgage housing, even if it only can be selected for the payment of debt.