1, loan conditions are different: mortgage loan is a personal housing loan business in which buyers use the purchased house as collateral and the real estate enterprise that purchased the house provides phased guarantee; Mortgage loan is a loan obtained from a bank with a certain amount of collateral as guarantee.
2. The purpose of the loan is different: the loan is mainly used for buying a house; Real estate mortgage loans are mainly used for capital turnover for commercial and consumer purposes.
3. Different application materials: the borrower applying for housing mortgage loan must provide the down payment certificate, purchase contract and other materials; Borrowers applying for real estate mortgage loans need to provide materials such as real estate license, state-owned land certificate and loan use certificate.
4. Different loan terms: the longest loan term of housing mortgage loan can reach 30 years; The longest loan period of real estate mortgage loan is no more than 20 years.
5. Different loan interest rates: the mortgage interest rate can be discounted, of course, it can also rise, or it can be implemented according to the benchmark interest rate;
6. Real estate mortgage loans generally float on the benchmark interest rate. Generally speaking, the interest rate of mortgage loan is lower than that of mortgage loan.
Different loan policies: _ Housing mortgage loans will be affected by the policy of restricting loans and purchases; As long as the lending institution is willing to accept your property, you can get a mortgage loan.