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With endorsement The guarantor is the person who voluntarily make payment of a loan; ie it assumes responsibility for the payment thereof in the event that the holder could not.
When we speak of endorsement, we refer to the payment guarantee that the bank calls us to ensure that the mortgage rates charged.
They usually ask for the figure of the guarantor at the time in which the loan is up more than 80% of the valuation. Issues such as job insecurity, make an indispensable guarantor figure if we want to give the loan.
Without endorsement These are loans where no collateral or additional to the person who is leaves are not asked money back guarantee.
Most often, it is the banks money before leaving to ensure you will be able to respond in some way in case you can not pay the fees. So for example the mortgage on the house is done.
At a time when banks have excess liquidity they need to put on the market can offer such treatment without any guarantee that this is or at least reduced.
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