Advantages Of A Guaranteed Mortgage In Paraguay

A Guaranteed Mortgage is a mortgage that is backed by the government. This means that the lender guarantees the loan and will make sure that you are paid back in full. There are a few advantages to having a Guaranteed Mortgage over other types of mortgages. 

The first advantage is that you can usually get a lower interest rate on a guaranteed mortgage (which is also known as credito con garantia hipotecaria in Spanish language) than you would on a standard mortgage. The second advantage is that if you cannot afford to repay your mortgage, the government will step in and help to pay it off for you.

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A guaranteed mortgage is a type of mortgage where the lender agrees to maintain the mortgage loan for a specific period of time, usually up to 25 years. This type of mortgage comes with several advantages, including: 

Reduced interest rates: A guaranteed mortgage will usually come with lower interest rates than a standard mortgage. This is because the lender knows that it will be able to recoup its investment should the borrower default on the loan. 

Increased security: A guaranteed mortgage provides increased security for the borrower, as the lender is more likely to be able to collect on the loan in case of default. This is because lenders are less likely to lose money if the borrower falls behind on their payments.