The advantages of this method are simple approval process, fast lending and relatively low interest rate. However, it should be noted that the "White House with a back door" may have a certain impact on personal credit records, because failure to repay on time will lead to bad records in credit records, thus affecting future credit ratings.
In addition, there are certain risks in "mortgage with nothing", because if the borrower fails to repay the loan on time, financial institutions may take legal measures to recover the arrears, and may even take legal action against the mortgaged house. Therefore, when choosing this way to make a loan, you need to carefully evaluate your repayment ability and risk tolerance to avoid unnecessary trouble.