Yes, first of all, it is true that some lending institutions' mortgage products require borrowers to have extra houses, that is, not only one house, when using real estate as collateral. But in fact, there are still some institutions that accept the only housing mortgage loan. When the borrower is unable to repay or refuses to repay the loan mortgaged by the only house, the lending institution still has the right to recover the loan, and may bring a lawsuit to the court to demand the disposal of the mortgaged assets.

That is, if the mortgaged house is the only house of the borrower's family, the creditor's rights of the lending institution will not be affected, and the borrower is still obliged to repay. If the house is idle or used for rent, the court usually has no great obstacles in disposing of the property. If the mortgaged house is occupied by the borrower's family, the housing problem of the borrower's family can be solved by changing the big house into a small house and renting a house. In most cases, the disposal of the only house can be solved in another way.

Because the disposal of the only house will be relatively troublesome and there are some risks, some lending institutions have made it clear that they will not accept the mortgage of the only house. If you accept a single mortgage, the loan interest rate is usually higher. In other words, the better the borrower's qualification, the smaller the risk of the lending institution and the lower the loan cost.

In addition, if the borrower's capital demand is not high, he can also consider applying for a credit loan. As long as the borrower has a good credit record, strong repayment ability and meets other loan conditions of the lending institution, the probability of successfully obtaining a credit loan is also great.