1. You can only use the property in your own name: a small partner wants to mortgage the house because of lack of money, but the house belongs to his parents. In fact, according to the provisions of the mortgage loan policy, as long as the owner agrees, it is ok for the borrower to apply for a loan with the property under someone else's name. Generally speaking, with the property in my name, the pass rate will be higher. Once the money is not paid back, the house will be taken away by the bank and blacklisted, with serious consequences.

2. It can still be used after mortgage: After the borrower mortgages the house to the bank, it still has the right to use it. After all the loans are settled and the mortgage is released, the house still belongs to it. If the borrower fails to repay the loan, the bank will collect it first, and only if the collection fails will the auction be considered, which will take at least one year to complete.

3. There are restrictions on collateral: Generally speaking, if you want to mortgage a house, the property must meet the requirements of the bank. The requirements of each bank are slightly different. Some people pay more attention to housing lots and like houses in the city center. Some pay great attention to housing types and do not accept shops, office buildings, etc. , but only ordinary houses are accepted. Therefore, we must choose a suitable lending institution for mortgage loan, otherwise it is easy to be refused a loan because some conditions do not meet.