Guarantees and indemnities are very similar in nature. In both cases the person providing the guarantee or indemnity will ultimately become liable for the debt if the original borrower does not satisfy it.

In this day and age almost everything seems to be available to nearly everyone. Life has become faster and as a consequence people's expectations of it have increased. It is no longer acceptable to look forward to paying off the family home and retiring on a pension with a gold watch.

In its most simple form a Mortgage is a document which grants security over an asset. The most common form of Mortgage is a Mortgage upon Real Estate. It is impractical to deal with all types of Mortgages in a short brochure such as this however Mortgages normally fall into three broad categories.