The difference between mortgage loan and mortgage loan: mortgage loan means that the owner of the house requests a loan from the lending institution with the house he has bought as collateral, while mortgage loan means that the buyer borrows money from the lending institution to buy a house with the house he has not bought as collateral.

legal ground

Article 4 of the Measures for the Administration of Individual Housing Loans

The loan object should be a natural person with full capacity for civil conduct.

Article 5

The borrower shall meet the following conditions:

1. Have permanent residence or valid residence status in cities and towns;

Two, a stable occupation and income, good credit, the ability to repay the loan principal and interest.

Three, with the purchase of housing contracts or agreements;

Four, do not enjoy the purchase subsidy to not less than 30% of the total price of the purchased house as the down payment; 30% of individuals who enjoy housing subsidies are down payment for housing purchases;

Five, there are assets recognized by the lender as collateral or pledge, or units or individuals with sufficient compensation capacity as guarantors;

6. Other conditions stipulated by the lender.