• The Fiducia: That it consisted of which the indebted one transferred the property of a good to the creditor to guarantee the debt. It generated a great lack of protection for the indebted one.
• prenda or pignus, with a regulation very similar to the present one.

The later improvement gave rise, sometimes, when the indebted one needed its goods to be able to pay the debt, to that the article was agreed without displacement of the possession in favor of the creditor. It was thus used so that the Earth landladies guaranteed the payment to the renter, ignoring his aperos of farming (that were going to need in any case to work, reason why could not yield the creditor).

The germ of the present mortgage was this figure. Nevertheless, by reasons for security legal, since for want of possession remained as it loads hides, not was but until establishment of Accountant’s offices of mortgages, soon turned into Registries of property, that brought the end of the mortgage as it loads hides, by means of the registry publicity, when it began to be used in a generalized manner, like great revitalising of the territorial credit.

In this case the mortgage loan or credit usually is listed using the type of interest that pays attention to the market of London for each one of the currencies and that is called LIBOR, and like variables to calculate the monthly payment of the hypothecating loan, they are used this type of called interest Libor and the type of currency exchange between the local currency of your country and the selected currency. When entering game the type of change between currencies, the monthly payment as much varies each victory with movements that can be very aggressive, to the high one as to the loss, reason why this type of hypothecating loans considers something dangerous, not as much reason why it can change the periodic quota of amortization but by the increase that can undergo the total debt. We can understand better with an example: We in a while sign a loan of 150,000 Euros in which the Euro is worth 162.3 yens; the capital is, therefore, of 24.345.000 yens and as of that moment it is our loan or debt in yens. If after signing, low the quote of the Euro to 152.3 yens and we would have to eliminate our debt, the Euros necessary to cancel the debt would be 159,849, that is to say, the debt in 9.849 Euros would have been increased and if it had been on the contrary, that is to say the Euro raises the type of change up to 172.3 yens, the debt would have been reduced up to 141,294, or, which is the same, we would have a saving of 8,705 Euros without to have made amortizations.