There are only two forms of housing loans: mortgage loans and mortgage loans. Which is more cost-effective? Usually, mortgage loans are more cost-effective. There are still many differences between mortgage and loan. The differences are as follows:

1, different legal entities

In housing mortgage loans, the main body is generally property buyers, banks and so on. The subject of housing mortgage enjoys housing rights, but housing mortgage will not lead to the change of housing rights. The mortgagor still holds the right to the house, and the mortgagee only has the mortgage right of the house.

2. Borrowing has different purposes.

The purpose of the mortgagor is to obtain the property right of the mortgaged property, that is, the right of the house, so as to handle the house loan, that is, to pay the balance of the house with the money borrowed from the house mortgage. However, the mortgagor of the house now often owns the mortgaged property, and the money they borrowed after mortgage may be used for housing or other projects.

3. Different forms of operation.

The general requirement of housing mortgage loan is that the mortgaged house must have two certificates and be listed and circulated. Housing mortgage loans are usually handled without obtaining housing ownership certificates and land use rights certificates. Pre-buyers use the house sales contract as a voucher to handle the loan-related procedures.