Personal mortgage loan refers to the act that an individual applies for a loan from a bank or other financial institution by taking the property under his name as collateral. This kind of loan is usually used to meet the large capital needs of individuals.

1. Application conditions for personal property mortgage loan

1. The applicant must be the legal owner of the property, and the loan has been paid off in whole or in part;

2. The house must be within the scope of mortgage permitted by the state;

3. The applicant must have a stable source of income and be able to repay the loan on time;

4. The applicant must be at least 18 years old and have full capacity for civil conduct. Second, the application process of personal property mortgage loan

1. Fill in the application form. When filling in the application form, you need to provide personal basic information, housing information, income proof and other information;

2. provide collateral. Need to provide housing ownership certificate, land use certificate, housing evaluation report and other related information;

3. Bank evaluation. The bank will evaluate the house according to the information provided to determine its value;

4. sign a loan contract. After the bank's evaluation is passed, both parties will sign a loan contract;

5. Lend money. The bank will directly transfer the loan amount to the account designated by the applicant.