Mortgage loan refers to a kind of credit behavior that the applicant applies for a loan from the bank to pay the house price for the purpose of buying a house, and then repays the bank loan in installments according to a certain period of time. At the same time, banks charge certain interest.

How do individuals handle mortgage loans?

1. Loan application: After confirming that the property you choose has bank mortgage support, the buyer should know the bank's regulations on mortgage support for the buyer from the bank or the law firm designated by the bank, prepare relevant legal documents and fill in the mortgage loan application form.

2. Signing a house purchase contract: the bank receives the legal documents related to the mortgage application submitted by the buyers, and after confirming that the buyers meet the mortgage loan conditions through examination, it issues a loan consent notice or a mortgage loan commitment letter to the buyers. Property buyers can sign the "Pre-sale Contract of Commercial Housing" with developers or their agents.

3. Sign the building mortgage contract: After signing the house purchase contract and obtaining the payment voucher, the buyer will sign the mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and stipulate the loan amount, term, interest rate and repayment method.

4, mortgage registration, insurance: property buyers, developers and banks with the "mortgage contract" and the purchase contract to the real estate management department for mortgage registration.

5. Opening a special repayment account: after signing the mortgage loan contract, the purchaser opens a special repayment account in a financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the loan principal and interest and arrears of the bank and mortgage loan contract from this account.

What does mortgage mean?

Mortgage is a kind of loan. In the house purchase loan, the buyer mortgages the property to the bank as a guarantee for the loan, which is actually a mortgage loan.

Legal basis:

"Measures for the Administration of Urban Real Estate Mortgage" Article 3 The term "real estate mortgage" as mentioned in these Measures refers to the act that the mortgagor provides the mortgagee with a debt performance guarantee with his legal real estate without transferring possession. When the debtor fails to perform the debt, the creditor has the right to be paid in priority with the proceeds from the auction of mortgaged real estate according to law.

First of all, usually, bank loans need the following information:

1. Borrower's ID card; The account book of the borrower; Marriage certificate or unmarried certificate of the borrower; The borrower's bank is flowing.

2. The borrower's work certificate;

3. Other materials specified by the bank.

Second, the loan processing flow:

1. The borrower shall apply to the bank after preparing the loan information required by the bank. After receiving the information submitted by the borrower, the bank shall conduct a preliminary examination of the borrower's information.

2. investigation. This is mainly to verify the borrower's information and see if the information is true. At the same time, the borrower's personal credit record will be checked to see if it meets the bank's loan requirements. After evaluating all aspects of the borrower, the bank will enter the examination and approval stage, and mainly decide whether to issue loans to the borrower.

3. Loan issuance. After determining that the borrower meets the loan requirements of the bank, the bank issues the loan, and finally the borrower can repay the loan according to the loan contract.

Three. Description of the loan:

A simple and popular understanding of a loan is to borrow money that needs interest. Loan is a kind of credit activity. Banks or other financial institutions that borrow monetary funds at a certain interest rate must repay them. Loans in a broad sense refer to loans, discounts, overdrafts and other loan funds. Banks meet the social demand for supplementary funds through loans and monetary funds, so as to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

The purpose of loan policy of commercial banks is to ensure the coordination of their business activities. Loan policy is a general principle to guide all kinds of loan decisions. An ideal loan policy can support banks to make correct loan decisions and help them operate. The second is to ensure the quality of bank loans. The correct credit policy can keep the bank's credit management at an ideal level, avoid excessive risks, and properly choose business opportunities.

The loan method is the way for banks to issue loans to enterprises. According to the different ways of loan guarantee, it can be divided into credit loan, secured loan and bill discount. Credit loan refers to a loan based only on the lender's credit; Secured loans refer to secured loans, mortgage loans and mortgage loans; Bill discount refers to the loan issued by the lender by purchasing the unexpired commercial paper of the borrower, which is a special form. At present, the supply of credit funds in China can be divided into three types: direct loans, indirect loans and trading loans.

What does mortgage mean?

Mortgage loan refers to a kind of credit behavior in which the applicant applies for a loan from the bank to pay the house price for the purpose of buying a house, and then repays the loan to the bank in stages according to a certain number of years, and the bank charges interest at the same time. For example, housing mortgage loan is a personal housing loan business in which the buyer takes the purchased house as collateral and the real estate enterprise of the purchased house provides phased 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.

What does mortgage mean?

Mortgage mainly refers to housing mortgage. After the buyer buys the property, he mortgages it to the bank, and the bank lends the money to the buyer, who can repay it on a monthly basis; Only after paying off the loan can the ownership of the house truly belong to the buyers, and the mortgagor enjoys the right to use it during the repayment process.

Legal basis: Article 11 of the Interim Measures for the Administration of Personal Loans: To apply for personal loans, the following conditions shall be met: (1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal; (3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender.

Loans: Loans granted by banks or other credit institutions to borrowers must be repaid within a certain period of time and interest paid. Simple understanding is to borrow money with interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Loan repayment method

(1) Equal principal and interest repayment method: equal repayment every month, the sum of loan principal and interest. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;

(2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;

(3) Paying interest and principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, which is generally an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.

(5) prepayment of all loans: that is, the borrower can repay all the loan amount in advance when applying to the bank, and the loan bank will terminate the borrower's loan at this time after repayment and handle the corresponding cancellation procedures.

(6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.