1. Installment mortgage loan. What does "mortgage" mean?

It is a kind of credit behavior that an applicant applies for a loan to pay the house price from a bank for the purpose of buying a house, and then pays the loan back to the bank in stages according to a certain number of years, and the bank charges interest at the same time. For example, a housing mortgage loan is a personal housing loan business in which a buyer uses the purchased house as collateral and the real estate enterprise that purchased the house provides phased guarantee. The so-called mortgage means that the mortgagor transfers the property right of the house to mortgage, and the beneficiary, as the repayment guarantor, immediately transfers the property right involved to the mortgagor after the mortgagor pays off the loan, and the mortgagor enjoys the right to use in the process.

3. Is mortgage and installment a concept?

No, mortgage is a kind of mortgage loan. After you buy a house and pay the down payment, you mortgage it to the bank, and the bank gives the full amount to the developer, which is equivalent to borrowing money from the bank to buy a house and then paying it back to the bank every month, so that your monthly burden is less. Installment payment means that the buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance, which is to deal directly with the developer, and generally speaking, it will not require you to pay it month by month, but will be paid in several times, such as paying 3% first, then 3% when capping, and paying it when handing over the house.