The mortgage bank deposit refers to the amount of money paid by the house buyer to the bank during the loan process. Its function is that when the loan buyer defaults or is unable to repay the loan, the bank can make up for the loss through the deposit. Therefore, mortgage bank margin is a means for banks to control risks, and it is also one of the necessary measures for banks to ensure their legal rights and legitimate interests.

Generally speaking, a mortgage bank deposit needs to be paid when applying for a loan, and the amount is usually about 5% of the total loan amount. As the mortgage term shortens, the amount of the security deposit will also decrease accordingly. The deposit can be paid in cash or in the form of a letter of guarantee provided by the bank. If the loan buyer can repay the principal and interest as scheduled, the bank will return the deposit to the buyer after the loan matures.

In general, the mortgage bank deposit is a measure mutually acceptable to both parties, which can guarantee the legitimate rights and interests of the bank and is also a guarantee for loan buyers to borrow with peace of mind. However, for buyers, paying a deposit will increase part of the financial burden. Therefore, when deciding on a loan, the amount of the deposit also needs to be reasonably considered. At the same time, if you encounter financial stress during the mortgage repayment period, you need to communicate with the bank as soon as possible to avoid affecting your credit record due to default.