Types of mortgage- In German civil law, three types of mortgage are defined: 1) mortgages of the proprietor; 2) circulation mortgage; 3) land debt. The mortgage of the property owner is referred to the right of pledge to the property of the proprietor. The mortgagor's mortgage arises when the proprietor acquires a defined mortgage right to satisfy a claim previously held by another person. Periodic mortgage is defined by issuing the actual mortgage certificate to the creditor. Instead, the parties may agree on the right of the creditor to obtain the certificate from the body responsible for the land register. If the creditor obtains a mortgage, the issuance is considered to have taken place. Land or property debt is the right to exchange property on land. Land debt is responsible for the amount of land in a certain amount of land. Land debt can be documented by issuing a debt document to the person who submitted the loan. The person who issues such a document shall apply the rules on debt liability [12].
Guarantees - One eccentricity of the German home loan industry is the absence of home loan ensures. This makes it amazingly hard to get a home loan in Germany in specific circumstances, for instance:
