The difference between installment, loan and mortgage to buy a house;

1, with different properties.

Buying a house by stages means that you can get the right to use the house by paying part of the money first and moving in, and the rest of the money should be paid off year by year within the prescribed time limit; Buying a house by loan means that the purchaser applies for a loan from the bank to pay the purchase price with the buildings traded in the house as collateral. Mortgage to buy a house used the goods as collateral to borrow money from the bank, and then repaid it in installments.

2. The repayment period is different.

Generally, the time limit for buying a house by stages is no more than one year, while the time limit for buying a house by loan and mortgage to buy a house is longer.

3. Different repayment objects

The repayment object of buying a house by stages is generally the developer, and the repayment object of buying a house by loan and mortgage to buy a house is generally the bank.

Extended data:

Information required for mortgage loan:

1.3. Original and photocopy of the ID card and household registration book of the applicant and spouse (if the applicant and spouse are not registered in the same household, a marriage certificate shall be attached).

2. Proof of the applicant's family income and related assets, including payroll, personal income tax bill, income certificate issued by the unit, bank deposit certificate, etc.

3. 1 Original and photocopy of advance payment receipt for 30% or more of the house price.

4. The developer's collection account number 1 copy.

5. The original purchase agreement.