Houses with outstanding loans are mortgaged properties and are not allowed to buy or sell. Only after paying off the loan can the mortgage listing be released. According to your description, I estimate that the short-term loan of the homeowner is 1-5 years. If it is more than one year, you can make an appointment with the bank to repay the loan in advance. Generally, the mortgage can be cancelled within one month, but if the loan is a one-year short-term loan, a little more penalty may be added. Of course I'm not interested, so it's no big deal. Don't worry.

And you have hundreds of thousands of deposits, which is a great guarantee for you. If the homeowner defaults, you will pay more and be bound by both parties. But you need to be careful when you sign the contract. You can't be careless The time must be agreed, and the liability for breach of contract must be clearly agreed. Otherwise it will be too much trouble to wrangle in the future. By the end of the year, some banks were inefficient. You should pay attention to the time of your loan and his repayment.

Finally, I wish you a happy purchase!