Most people use commercial loans, but the interest rate is higher than that of mortgage loans, and the cycle is short. Because these two kinds of loans have different purposes. Let's look at the difference between the two: (1) Commercial loans are the way for buyers to borrow from banks. Generally speaking, you use the house you bought as collateral, sign a commercial contract with the bank, take the way of not transferring ownership as a guarantee, and repay the loan to the bank on schedule. This kind of loan must pay interest. You have to pay off the principal and interest to the bank according to the contract, and then get back the mortgaged house ownership certificate and land use certificate. In other words, the ownership of the house is not yours until you pay off the loan. In case of default, the bank has the right to dispose of the house. (2) Mortgage is just like installment payment now. You can get ownership of the house by installment. As long as you pay all the money, the house is yours. However, mortgage transactions will involve three kinds of debt relationships, one is the buyer, the other is the seller, and the third is the bank. The process is that the bank signs relevant contracts with the seller and pays part of the expenses in advance, and then the buyer signs a mortgage contract with the bank on the basis of this contract, and the bank pays off the remaining purchase price to the seller. As long as the buyer pays the bank regularly until it is paid off, the mortgage process is completely over. (3) Commercial loans are also mortgage loans, and loans must have land use certificates and house ownership certificates. The basic procedure is that the buyer obtains the property right certificate first, and then handles other property rights certificates, and holds other property rights certificates as collateral. (4) Mortgaging under the condition that the buyer has not obtained the property right certificate. Generally, his property right certificate is used as mortgage guarantee first. After paying off the purchase price, the real estate development unit will transfer the property right to the mortgage beneficiary, and all property rights certificates will be held by the mortgagor. Bottom line: mortgage is actually mortgaged with the house you bought, while commercial loan is mortgaged with the house you already have.

Second, what does mortgage mean?

Mortgage means that the mortgagor transfers the property rights of the house to mortgage, and the beneficiary, as the repayment guarantor, immediately transfers the property rights involved to the mortgagor after the mortgagor pays off the loan, and the mortgagor enjoys the right to use in this process. Mortgage originated in western countries and belongs to a legal relationship in common law system. Later, it introduced the mainland real estate market from Hong Kong in the 1990s. Because it frequently appears in the real estate field and is formally used in this paper, its meaning has gradually evolved into "mortgage loan", which has been officially called "mortgage loan for individual purchase of commercial housing" in China. As a kind of mortgage loan, mortgage has its own risks for banks. Judging from the global financial risk caused by the butterfly effect of American subprime mortgage in the first quarter of 2007, the financing mode of mortgage loan is partly determined by the market situation of housing market. When the market interest rate rises and the housing market is depressed, the repayment ability of lenders may be affected. When risks accumulate to a certain extent, banks will face huge credit risks accordingly. In order to prevent this risk, some commercial banks will increase the down payment ratio of mortgage loans to a certain extent. Baidu encyclopedia-mortgage Baidu encyclopedia-bank mortgage Baidu encyclopedia-mortgage loan

What's the difference between mortgage loan and commercial loan?

Mortgage is just a way of bank loans, including commercial loans and non-commercial loans (such as provident fund loans). Mortgage is one of the ways of bank loans, such as mortgage loan, credit loan, secured loan and mortgage loan. Commercial loan refers to the source of loan funds and the way of bank management. Only loans with bank's own credit funds and managed according to bank loan management measures are commercial loans, while other loans such as provident fund loans and national policy loans are not commercial loans.