Mortgaged houses have mortgaged the right to buy and sell houses to banks and cannot be converted into mortgage loans. Mortgage loan refers to applying for a bank loan when it is impossible or unwilling to buy a house in full. The bank first buys the ownership of the house, and the buyer repays the amount of the bank loan in installments.

Mortgage loan means that the loan applicant mortgages the property under his own name to the bank in exchange for funds for business consumption, but he can still use the property and repay the principal and interest of the bank loan in installments.

Housing mortgage loan handling process:

The borrower opens a current deposit account in a banking institution;

Prepare relevant information;

The borrower shall fill in the loan application form as required, and submit the application form and required materials according to the instructions of the bank;

Go to the appraisal institution designated by the bank to appraise the real estate;

Bank filing and approval;

Approve the next batch of loan letters;

Go to the Construction Committee for mortgage registration;

Construction Committee issued his right certificate;

About the number of branches;

The bank directly transfers the loan to the account agreed in the contract;

The borrower shall repay the loan principal and interest according to the provisions of the loan contract.