Many people when going to a bank has a mortgage, they ask for a guarantee , that's when you wonder why I need a guarantee ...
The answer is simple: the bank always has to save his back, guarantees issued by financial institutions that are supposed to enjoy immediate liquidity in case of claim for payment of the guarantee, so you can return on investments one way or another.
To make a simple summary of this, we say that first the bank analyzes the person applying for a mortgage, looking at your income, job type, seniority as a client, etc. Keep in mind that, in principle, the guarantee of the loan rests solely the holder of the operation, and therefore, in case of default, will run only the assets of such person. If this does not have, or lack of value, or are already mortgaged, the bank has no guarantee of recovery. Therefore, after assessing the application, the bank's final results in a yes or no response at the mortgage loan was granted.
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