With the recovery of the housing market, many people began to borrow money to buy a house, but those who don't know much about buying a house can't tell the difference between housing mortgage and real estate mortgage, and don't know where they are. Today I will tell you the difference between the two.
1, different definitions
Housing mortgage loan: a loan issued by a bank to a borrower for purchasing a new house for his own use. The loan amount shall not be higher than 80% of the value of the house to be purchased or the actual total cost of house purchase assessed by the real estate appraisal agency.
Real estate mortgage loan: generally speaking, it refers to housing mortgage loan, that is, the bank provides the borrower with most of the house purchase money, and the purchaser pays the principal and interest to the bank in installments with stable income, but before paying off the principal and interest, the property is mortgaged to the bank as collateral. If the borrower fails to repay the principal and interest on time, the bank can sell the house to offset the debt.
2. The purpose of the loan
Housing mortgage loan: the borrower uses it to buy a house.
Real estate mortgage loan: it can be used for the production, operation and consumption of the borrower, but it is not allowed to be used to buy a house now.
3. Loan procedures
Housing mortgage loan: the borrower needs to provide the down payment certificate, purchase contract and other materials.
Real estate mortgage loan: the borrower needs to provide real estate license, state-owned land certificate loan purpose and other materials.
4. Policy restrictions
Housing mortgage loan: affected by the policy of restricting loans and purchases in the property market.
Real estate mortgage loan: only affected by bank loan policy.
5. Term of loan
Housing mortgage loan: the loan term can be up to 30 years.
Real estate mortgage loan: the loan term can be up to ten years.
6. Expected annualized interest rate of the loan
Housing mortgage loan: The expected annualized interest rate of the loan can be discounted or floating, but the floating rate is not large.
Real estate mortgage loan: the expected annualized interest rate of the loan will generally rise, with a large increase.
What's the difference between mortgage and mortgage?
1, the cost is different: mainly in terms of interest rate. For mortgage loans, it is commercial loans, also known as personal housing loans. Mortgage loan refers to the loan that the borrower obtains from the bank with certain collateral as guarantee. The interest rate is the benchmark interest rate stipulated by the People's Bank of China. In the past, there was a discount for buying a house at the mortgage interest rate. Due to tight policies and small quotas, interest rates have risen instead of falling. But the floating property of mortgage loan is lower than that of mortgage loan.
2. Different subjects of legal relationship: in the mortgage relationship, if the debtor is the mortgagor, there are only two subjects of legal relationship, namely the mortgagee and the mortgagor. In the mortgage relationship, there must be at least three legal subjects, namely, the mortgagor (bank), the mortgagor (buyer) and the third party (original house owner).
3. Different preconditions: the borrower wants to apply for a mortgage loan from the bank, which is a loan obtained from the bank with certain collateral. Mortgage loans can be used to buy a house or for other purposes. However, mortgage loan is a personal housing loan business that buyers use the purchased house as collateral and real estate companies provide regular guarantees, but it can only be used for buying houses.
Which is better, mortgage or mortgage?
It is not as good as mortgage to buy a house, because the interest rate of mortgage loan is lower than that of mortgage loan. If the first suite applies for a mortgage loan, buyers have the opportunity to enjoy certain interest rate concessions, while mortgage loans do not.
Moreover, most banks will float a certain percentage on the basis of the benchmark interest rate. To take a step back, if property buyers do not enjoy preferential interest rates, the interest rate will be raised to a certain extent. Generally speaking, the increase will be lower than the mortgage.
Loan notes:
1. The growth rate of mortgage has narrowed. According to the annual report, except for Bank of Ningbo, Zhangjiagang Bank and China Everbright Bank, the growth rates of other banks all decreased to different degrees compared with 20 16, among which CITIC Bank decreased by 44%, China Merchants Bank decreased by 3 1%, and Bank of Communications, Agricultural Bank and China Construction Bank all decreased by more than 10%.
2. Dong Ximiao, a senior researcher at Chongyang Financial Research Institute of Renmin University of China, believes that the decline in the growth rate of personal housing loans in 20 17 is mainly affected by the high housing loan base in 20 16 and the in-depth implementation of real estate control policies.
People's Daily Online-The growth rate of housing mortgage loans slowed down last year.
Is mortgage interest the same as mortgage interest? Is there a difference in repayment time?
Different repayment times are different.
Mortgage loan belongs to installment repayment, and it also belongs to mortgage loan in the way of guarantee. Of course, by mortgage loan, we generally mean to mortgage a house with full property rights to a bank to obtain loan funds to handle other affairs. The term of this kind of loan is generally short, mostly within 1 year, and the repayment method is generally full repayment at maturity. In terms of interest, mortgage loans can generally be relatively low. The benchmark interest rate of mortgage loan and mortgage loan is the same, but the difference is: mortgage loan can be loaned for up to 30 years, and the benchmark interest rate is implemented; The longest mortgage loan is 65,438+00 years, and the benchmark interest rate rises. The current benchmark interest rate of the bank is as follows: 4.60% for loans within six months (including six months) and 4.60% for loans from six months to one year (including 1 year).
Mortgage loan refers to a loan business conducted by mortgage. For example, housing mortgage loan is a personal housing loan business in which buyers use the purchased housing as collateral and the real estate enterprises that purchase the housing provide regular guarantee. The so-called mortgage means that the mortgagor transfers the property rights of the house to mortgage, and the beneficiary acts as the repayment guarantor. After the mortgagor pays off the loan, the property rights involved are immediately transferred to the mortgagor, and the mortgagor enjoys the right to use in this process.
The specific procedures for property buyers to apply for real estate mortgage are as follows:
(1) Buyers who want to get real estate mortgage loan services should pay attention to this aspect when choosing real estate. When buyers learn that some projects can apply for mortgage loans in advertisements or through the introduction of sales staff, they should further confirm whether the real estate developed and built by developers has won the support of banks to ensure the smooth acquisition of mortgage loans.
(2) After the purchaser applying for mortgage loan confirms that the selected property is supported by bank mortgage, he should know the bank's provisions on mortgage loan support for the purchaser from the bank or the law firm designated by the bank, prepare relevant legal documents and fill in the application form for mortgage loan.
(3) The bank that signed the house purchase contract receives the legal documents related to the mortgage application submitted by the purchaser, and after confirming that the purchaser meets the mortgage loan conditions through examination, it will issue a loan consent notice or a mortgage loan commitment letter to the purchaser. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
(4) After signing the house purchase contract and obtaining the payment voucher, the buyer signs the house mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and specifies the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
(5) mortgage registration, insurance buyers, developers, banks with housing mortgage loan contract, purchase contract to the real estate management department for mortgage registration procedures. If the house is delivered in advance, the mortgage registration shall be changed after completion. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks. Property buyers should list the bank as the first beneficiary when purchasing insurance, and the insurance shall not be interrupted during the loan performance, and the insurance amount shall not be less than the total value of the collateral. The policy was handed over to the bank before the principal and interest of the loan were paid off.
(6) After the signing of the mortgage loan contract, the buyer opens a special repayment account in the financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the bank's loan principal and interest and the arrears related to the mortgage loan contract from this account. The bank is confirming that the buyers meet the mortgage loan conditions and fulfill the obligations stipulated in the building mortgage loan contract. After handling the relevant formalities, the loan will be transferred to the bank supervision account opened by the developer in the bank as the purchase money of the purchaser.
Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. 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.
Difference between housing mortgage loan and housing mortgage loan
1. Cost difference: mainly in terms of interest rate. For mortgage loans, it is commercial loans, also known as personal housing loans. Mortgage loan refers to the loan that the borrower obtains from the bank with certain collateral as guarantee. The interest rate is the benchmark interest rate stipulated by the People's Bank of China. In the past, there was a discount for buying a house at the mortgage interest rate. Due to tight policies and small quotas, interest rates have risen instead of falling. But the floating property of mortgage loan is lower than that of mortgage loan.
2. Different subjects of legal relationship: in the mortgage relationship, if the debtor is the mortgagor, there are only two subjects of legal relationship, namely the mortgagee and the mortgagor. In the mortgage relationship, there must be at least three legal subjects, namely, the mortgagor (bank), the mortgagor (buyer) and the third party (original house owner).
3. Different preconditions: the borrower wants to apply for a mortgage loan from the bank, which is a loan obtained from the bank with certain collateral. Mortgage loans can be used to buy a house or for other purposes. However, mortgage loan is a personal housing loan business that buyers use the purchased house as collateral and real estate companies provide regular guarantees, but it can only be used for buying houses.