The differences between the first mortgage and the second mortgage on real estate are as follows:

1. The conditions are different.

(1) The conditions required for a first mortgage are as follows:

1) The borrower has full capacity for civil conduct;

2) The borrower has legal and stable income Source, repayment ability and willingness to repay;

3) The borrower has good personal credit;

4) The house has mortgage loan conditions;

5) Meets Other conditions specified by the lending institution.

(2) In addition to meeting the conditions of the mortgage loan, the second mortgage also needs to meet:

1) The borrower’s specific property certificate of the house;

2 ) The house has a mortgage limit.

2. The loan amount is different

First mortgage: the loan amount is equal to the house value multiplied by the loanable ratio;

Second mortgage: the loan amount is equal to the house value multiplied by The loan-to-value ratio is reduced by the original loan principal balance;

3. Different lending institutions

One mortgage: Banks and non-bank lending institutions generally accept housing mortgage loans, but their requirements are different. , the interest amount and other loan contents are also different.

Second mortgage: Banking institutions are private, but most banks do not accept second mortgage loans. Because of the higher risk and complicated procedures, there are relatively few second mortgage products on the market.

Legal basis: Article 47 of the "Real Estate Management Law"

Real estate mortgage means that the mortgagor provides the mortgagee with its legal real estate without transferring possession. The act of guaranteeing debt performance. When the debtor fails to perform its debts, the mortgagee has the right to be repaid first with the proceeds from the auction of the mortgaged real estate in accordance with the law.