The word Mortgage is a cantonese transliteration of mortgage, which refers to the loan method for buying a house or shopping. The purchased house or goods are used as collateral to borrow money from the bank and then repaid in installments.
Introduction to mortgage
Mortgage loan refers to a loan business conducted by mortgage. 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.
Mortgage has two meanings: real estate mortgage and installment repayment. Refers to the purchase of self-occupied housing issued by the bank to natural persons with full capacity for civil conduct, and the purchased property house is used as mortgage as a guarantee for repayment of loans.