Collateral is generally easy to keep and sell, such as securities, bills, stocks, real estate, etc. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.
Extended information (1) The borrower needs to use the newly purchased house or mortgaged self-owned house as the maximum mortgage to provide the maximum mortgage loan for individual housing; Identification materials; Down payment invoice; In the "application for individual housing loan", the application for maximum mortgage loan for individual housing is put forward.
(2) If the original mortgage loan in China Construction Bank is converted into the maximum mortgage loan for individual housing, the customer needs to fill out the Application Form for the Maximum Mortgage Loan for Individual Housing of China Construction Bank, and provide proof of identity, marital status and solvency to the loan bank; Certificate of house ownership; A statement that the co-owners of the mortgaged property agree to handle the maximum mortgage; The original loan contract of the original housing mortgage loan.
(3) If the original mortgage loan from other banks is converted into the maximum mortgage loan, the borrower needs to fill in the Application Form for the Maximum Mortgage Loan for Personal Housing of China Construction Bank and provide the lender with: the borrower's identity certificate and marital status certificate; Proof of the borrower's solvency; Certificate of house ownership; A statement that the co-owners of the mortgaged property agree to handle the maximum mortgage; The original loan contract of the original housing mortgage loan; The repayment record of the original housing mortgage loan in the past year.
Baidu encyclopedia-mortgage loan