Is it still a mortgage when the mortgage is paid off?

Is it still a mortgage when the mortgage is paid off?

Hello, dear.

The answer doesn't count.

If the mortgage is paid off and then mortgaged, it is not a mortgage! It may be a credit loan or a mortgage loan.

Are all mortgages mortgages?

Mortgage is not all mortgage, but also mortgage. Mortgage loan and mortgage loan are two common loan methods, and there are roughly six differences between them:

1, the loan interest rate is different.

Mortgage interest rates is taller than a mortgage house, and mortgage loans can be made with provident fund loans.

2. The nature of loans is different.

Mortgage loans are mainly used for buying houses;

Mortgage loans can be used for buying goods or investing in other projects.

3. The loan information is different

Mortgage loan: when applying for a loan, the borrower needs to provide materials such as down payment certificate and house purchase contract;

Mortgage loan: The borrower needs to provide real estate license, state-owned land certificate, loan purpose and other materials.

4. The loan term is different.

Mortgage loans can last for up to 30 years;

The term of real estate mortgage loan can be divided into 3 years, 5 years, 10 years, 15 years and 20 years according to different situations.

5. Loan repayment methods are different.

There are two repayment methods for mortgage loan houses: equal principal and interest and equal principal repayment.

There are many repayment methods for real estate mortgage loans, such as matching principal and interest, average capital, interest priority, independent monthly payment, repayment of principal and interest by installments and loan repayment.

6. The credit report shows that the loan is different.

Mortgage housing credit information shows personal housing loans;

Mortgage credit report shows consumer loans or business loans.

Is the house purchase loan a mortgage loan?

Generally speaking, housing loans are mortgage loans. Lenders can obtain bank loans by signing mortgage contracts with banks with the purchased real estate as collateral. The lender must pay the principal and interest as agreed before it can recover the house ownership certificate and land use certificate. Before paying off the loan, the lender only has the right to use the house, but has no ownership of the house.

If the lender fails to repay the loan on time, the bank can also dispose of the collateral to pay off the debt.

Is the mortgage a mortgage on the house?

That's not true. According to normal requirements and procedures, it is theoretically impossible to apply for a mortgage loan for a mortgaged property. Moreover, according to the current regulations of various banks, many individuals will not accept the second mortgage business. The borrower can only apply for a mortgage loan after the loan is fully paid off, so it is impossible to realize the loan according to this conventional process. Article 8 of the Measures for the Administration of Urban Real Estate Mortgage: (1) Real estate with disputed ownership; (2) Real estate used for public welfare undertakings such as education, medical care and municipal administration; (three) buildings listed as cultural relics protection and other buildings with important commemorative significance; (4) Real estate that has been announced according to law; (5) Real estate that has been sealed up, detained, supervised or restricted in other ways according to law; (six) other real estate that may not be mortgaged according to law.

Is the housing loan a mortgage?

First, mortgage is housing loan, but housing loan is not mortgage loan.

Second, specifically-the comparison between the two:

(1) Housing loan: refers to the loan granted by a commercial bank to a borrower for the first time to purchase a house.

(2) Housing mortgage loan: refers to the lender's own or a third party's property as collateral. And repay the principal and interest to the bank by stages with stable income, and mortgage the bank with its property certificate before paying off the principal and interest. If the buyer can't repay the principal and interest on time, the bank can sell the house to offset the debt.

(C) the difference between housing loans and housing mortgage loans

1, the cost is different: mainly in terms of interest rate. For mortgage loans, it is commercial loans, also known as personal housing loans. Mortgage loan refers to the loan that the borrower obtains from the bank with certain collateral as guarantee. The interest rate is the benchmark interest rate stipulated by the People's Bank of China. In the past, there was a discount for buying a house at the mortgage interest rate. Due to tight policies and small quotas, interest rates have risen instead of falling. But the floating property of mortgage loan is lower than that of mortgage loan.

2. Different subjects of legal relationship: in the mortgage relationship, if the debtor is the mortgagor, there are only two subjects of legal relationship, namely the mortgagee and the mortgagor. In the mortgage relationship, there must be at least three legal subjects, namely, the mortgagor (bank), the mortgagor (buyer) and the third party (original house owner).

3. Different preconditions: the borrower wants to apply for a mortgage loan from the bank, which is a loan obtained from the bank with certain collateral. Mortgage loans can be used to buy a house or for other purposes. However, mortgage loan is a personal housing loan business that buyers use the purchased house as collateral and real estate companies provide regular guarantees, but it can only be used for buying houses.

Third, the consequences of overdue mortgage:

1. Personal credit information is damaged, which will affect the handling of various loans in the future.

Once the mortgage is overdue, the bad record will be put on the personal credit report, and other lending institutions can see your overdue repayment record. Borrowers will not be able to obtain loans from other financial institutions in the future, and there will be bad records in the personal credit information system. Once there is a credit stain record, even if the loan amount is made up later, the credit stain time will remain as long as five years.

2. Generate corresponding penalty interest and overdue fine.

No matter what the reason, as long as your mortgage is overdue, you will immediately receive a phone call from the loan bank to remind the borrower to repay, and there will be a penalty interest. The penalty interest of different loan banks is different, which is basically 30%-50% higher than the original loan interest rate. Usually, the bank will give you seven days to make up the arrears, and there is no late fee for making up within seven days. But after 7 days, the bank will charge a penalty interest and a late fee together.

The bank may make you homeless.

General banks will set a default clause in the mortgage contract, requiring the borrower to repay all the loan principal and interest in one lump sum if it is overdue for three consecutive times or six times in total. Therefore, if your mortgage is not repaid for more than 3 months, the consequences will be very serious, and the bank will file a lawsuit against you according to the loan contract and guarantee contract. Measures such as property preservation will be taken to freeze the deposits in all bank accounts of lenders and guarantors, and the pledged property will be sealed up. After the judgment is made, it will be enforced according to law (such as deducting deposits and auctioning collateral, etc.). ) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, all litigation costs arising therefrom, and related expenses arising from the liquidation of collateral (pledge).

4, can't fly, can't take the high-speed rail, and is restricted from going abroad.

Once your overdue situation is serious and you refuse to carry it out, you should be prepared to accept legal punishment. If you are unfortunately included in the blacklist of people who have lost their trust (commonly known as the blacklist of Lao Lai), you can't even take a plane or a high-speed train, let alone go abroad.

Fourth, solve the problem of overdue mortgage:

1. Extend the loan term.

If you can't repay the mortgage on schedule according to the original repayment plan, you can apply to the bank to extend the loan term (the extension of short-term loans shall not exceed the original loan term, the extension of medium-term loans shall not exceed half of the original loan term, and the extension of long-term loans shall not exceed three years). After the bank approves, it can sign a deferred repayment agreement. Usually, there is only one opportunity to apply for deferred repayment, and the longest delay cannot exceed 30 years.

2. Apply for an extension of repayment

If the property buyers can't repay the mortgage on time due to accidents, they can apply to the loan bank for loan extension 30 days in advance. After the bank verifies that it is correct, it will appropriately extend the mortgage term and reduce the monthly payment. You can apply for many bank loans. When the borrower cannot repay the loan, he can temporarily explain the situation to the bank and apply for deferred repayment. The extension period can be decided by the borrower, but there is a maximum period limit, and the extension can usually only be applied once or twice.

3. Borrowing money from relatives and friends is suspended.

If you really can't repay the mortgage, you can ask friends and relatives for help, temporarily solve the dilemma, and try not to default on the mortgage. If you default for a long time, the house is likely to be auctioned.

Step 4 sell the house

Finally, there is a way to sell a house. Find an intermediary company to advance the remaining loan (of course, the intermediary will charge a certain fee), and then entrust the intermediary to sell the house and earn a certain price difference.

Is mortgage a mortgage or a pledge?

Mortgage belongs to housing mortgage loan. Housing loan, also known as housing mortgage loan, is an application form for housing mortgage loan, ID card, income certificate, housing sales contract, guarantee and other legal documents filled out by the buyer to the loan bank. , must be submitted. After passing the examination, the loan bank promises the loan to the buyer, and handles the real estate mortgage registration and notarization according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the sales unit within the time limit stipulated in the contract.