Housing loan method

What is a mortgage loan?

Refers to a loan method of buying a house or shopping by borrowing money from a bank with the purchased house or commodity as collateral and then repaying it in installments.

Mortgage to buy a house is the place where people use mortgage loans the most at present. Buying a house by mortgage means that the mortgagor takes the mortgage beneficiary of property right transfer as the repayment guarantee. After the mortgagor pays off the loan, the beneficiary immediately transfers the property rights involved to the mortgagor, and in the process, the mortgagor enjoys the right to use the property.

The difference between mortgage and mortgage

1, mortgage involves the debt relationship among mortgagor, developer and bank, while mortgage loan is only the debt relationship between borrower and lender.

2. Mortgage loan is to pay first and then get the rights and interests (house ownership) through installment payment, and mortgage loan is to get the rights and interests (loan) first and then repay.

3. Before the mortgage loan is paid off, the ownership belongs to the bank, and after the mortgage loan is paid off, the ownership belongs to the mortgagor; and the mortgage loan generally belongs to the owner of the house.

Matters needing attention in information disclosure of mortgage schools

1 It is best to buy a real estate by a big developer, and it is easier for a real estate with a good location to borrow money to preserve its value!

Banks generally require that the monthly income of families be more than twice the monthly repayment amount of total liabilities. Income is reflected in work certificates and bank running water.

Access to each bank has different requirements for credit reporting. It should be noted that no matter whether the loan or loan is overdue, the credit card should not be overdue for more than 30 days.