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Since 2008, readily available mortgages became scarce because the banks and tried to protect against possible losses from defaults, especially by the falls in value that have been experiencing the buildings that once had no problem to include the overestimation of mortgage money from a car, furniture or any other expense.

Although banks announced with fanfare that mortgages are still readily available in 2010, the truth is that you grant it to comply with more stringent conditions and that of course we are not going to grant more than 80% of the appraised value of housing, something that is really worrying because not everyone can save the 20% plus expenses associated formalize the loan.

The loss of value that are suffering from the housing financial institutions makes them think a lot before granting a mortgage, what was once easy has now become a product more demanding in regard to the economic profile of the customer.

We can say that easily available mortgages will no longer be seen until some years later and only remain so today for those who show the bank that its economy is so sound that really does not need the money.