Mortgage refers to the mortgage of assets to lenders as a guarantee for loans. This kind of loan is usually used in situations that require large loans, such as buying real estate or commercial buildings. In the process of mortgage, the lender can determine the loan interest rate and repayment period according to the credit rating of the borrower and the value of the collateral.

The advantage of mortgage is that it can improve the borrower's loan amount and loan conditions. Because collateral is a risk mitigation measure for lenders, lenders can decide the amount of loans according to this collateral and improve the credit rating of borrowers. In addition, mortgage can also bring borrowers more flexible repayment methods, such as installment repayment and early payment of interest tax.

Although mortgage can bring more benefits to borrowers, it also has risks. If the borrower fails to repay the loan on time, the lender has the right to auction the collateral to make up for the loss. Therefore, you need to be careful before mortgage to ensure that you have enough ability to repay the loan on time. In addition, borrowers also need to buy corresponding insurance to protect their collateral from unforeseen losses or damage.