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It mortgages inverse it is a specially designed financial operation it stops bigger than 65 years and dependent people, with which is facilitated to convert to money the patrimonial value that represents the property of their housing, without losing the ownership.
The inverse mortgage is defined as a loan or hypnotherapy credit of which the proprietor of the housing carries out dispositions, periodic or in the form of a unique collection, until a maximum amount determined by a percentage of the appraisal value in the moment of the constitution, and when being reached this percentage it is stopped to have the rent although the debt continues generating interests.
The inverse mortgage should be granted by a credit entity or an entity insurance company and the applicant and the beneficiaries that this can designate they should be bigger than 65 years or affected of dependence severe or marvelous dependence.

It is demanded that the appraisal of the housing is carried out by an appraisal society and that the property is insured against damages. Logically, the amount of credit, and, therefore, the quantity to perceive, will depend on the resulting value of the appraisal, of the housing type to mortgage and of its destination (habitual, secondary house, housing rented at a third, …), of the person’s age that subscribes the mortgage, and in the way of perception (unique capital, produces storm or it produces for all life).
Once decreased the hypnotherapy debtor or the last beneficiary, correspond the heirs to liquidate the situation with the credit entity. They will be able to opt to cancel the hypnotherapy credit totally, for that which you/they will satisfy to the credit entity the entirety of the conquered debits more the interests, without the entity can in these cases to demand any compensation for the cancellation of the mortgage. This cancellation can take place by means of the use of funds characteristic of the heirs, by means of the refinance of the contracted debt (p.e., with a hypnotherapy loan) or to sell the housing.
In the supposition that the heirs do not want, or they are not able to, to cancel the hypnotherapy credit, the credit entity will be able to execute the mortgage and to make up for that the conquered debits, with their interests, keeping in mind that in this case the mortgage responds of the interests even when these have been generated in superior term to five years. Nevertheless, the entity will only be able to obtain the retrieval up to where they reach the goods of the inheritance, without the financial entity can execute the collection with another personal patrimony of the heirs.