Mortgage refers to applying for a loan from the bank for the purpose of buying a house and paying the house price, and repaying it to the bank in installments within the prescribed time limit, and the bank will charge some interest. As a credit behavior, it has become a common method for people to buy houses. Because the mortgage loan is based on the house you bought, the bank has the right to take back the house if you don't repay it on time.

The advantages of mortgage to buy a house mainly include:

1. On the basis of installment payment, the difficulty of raising a large amount of funds in a short time was solved.

2. The down payment of mortgage loan will not occupy a lot of money, while the repayment period of house mortgage loan is relatively long, with options of 10, 20 years and 30 years, so more funds can be used for multiple investments.

3. Banks will also review real estate projects when approving loans, so if loans can be approved, it will undoubtedly improve the safety of buying a house.

However, because the house purchased by the loan is not easy to realize, it can only be sold after paying off the mortgage. In addition, after bearing a large amount of debts, it needs to be repaid on schedule. Therefore, we must think clearly before buying a house with a loan and budget the funds in advance. Yoshiya real estate encyclopedia, more necessary knowledge of buying a house.