1, definition:
Housing loan means that buyers borrow money from banks to buy a house and use the house as collateral for the loan. At the same time, property buyers need to repay the loan to the bank in accordance with the contract.
Mortgage loan means that the owner of the house borrows money from the bank with other capital needs of individuals or enterprises as collateral, such as car purchase and travel, and the owner of the house needs to repay the money to the bank according to the contract.
2. Different uses:
The main purpose of the house purchase loan is to buy a house, and the funds will be directly used to pay for the house purchase.
Housing mortgage loan has no fixed purpose, and the borrower can flexibly control the loan funds according to his own needs.
3. Different amount ranges:
The amount of housing loan is usually related to the market value of the house, and the loan amount is determined according to the repayment ability and credit status of the buyers.
The amount of mortgage loan is determined according to the borrower's capital demand, so you can choose the loan amount more flexibly.
4. Different risks:
The risk of housing loan mainly lies in the fluctuation of housing price and the repayment ability of buyers. If the buyers can't repay the loans on time, the banks have the right to repossess the mortgaged houses.
The risk of mortgage loan depends on the borrower's repayment ability and the rationality of use. If the loan cannot be repaid on time, the bank has the right to take back the mortgaged house.
To sum up, there are differences between housing loan and housing mortgage loan in definition, purpose, scope and risk. According to personal needs and actual situation, it is very important to choose the loan method that suits you.
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