It is inevitable that there will be a shortage of funds in life, and many people will think of loans to solve it. Because credit loans are difficult, mortgage loans are generally chosen. Real estate is often a kind of mortgage that people like to use, but many people don't know the interest rate of real estate mortgage.

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What do you need to mortgage your house?

1. Bank loan: The borrower applies for mortgage loan in the bank with the purchased house as mortgage or pledge, and the bank must issue a house purchase and sale contract, a house mortgage agreement, a house mortgage loan contract, etc. When applying for a mortgage loan; The annual interest rate starts at 6%.

2. Trust loan: Trust real estate mortgage loan means that the trustee accepts the entrustment of the client and issues the loan according to the object, purpose, term, interest rate and amount specified by the client (or in the trust plan), and the financier takes real estate mortgage as the guarantee method of the trust loan. The interest rate plus handling fee is generally around 18%.

3. Pawn loan: Pawn property mortgage loan refers to the act that a pawnshop mortgages its property to a pawnshop, pays a certain percentage of fees and interest, obtains the interest and fees of the pawnshop, repays the money of the pawnshop within the agreed time limit, and redeems the property of the pawnshop. Interest and other comprehensive expenses add up to about 3% per month.

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Lending Germany thinks that mortgage loans and credit loans have their own advantages and disadvantages. Real estate mortgage loans have few conditions, low interest, large amount and long term, and credit loans without collateral have also been welcomed by some people. The amount of credit loans is relatively small, but there is no need for guarantee or mortgage, so many people also like to use this method. What kind of loan you need depends on your personal situation.