Funds can be used as collateral for loans. Taking China Industrial and Commercial Bank as an example, according to Article 16 of the Measures for the Administration of Personal Housing Loans of China Industrial and Commercial Bank, mortgage loan refers to the loan issued by the lender in the form of legal mortgage with the property of the borrower or a third party as collateral. The following properties can be used as collateral: (1) real estate and fixed objects on the ground that the mortgagor has the right to dispose of; (two) the right to use state-owned land obtained by the mortgagor according to law; (3) Other properties recognized by the lender. The following properties cannot be used as collateral: (1) land ownership; (2) Property whose ownership and use right are unknown or controversial; (3) Property that cannot be enforced or disposed of; (4) Mortgaged property; (5) Property that has been sealed up, detained, supervised or taken other preservation measures or compulsory measures according to law; (six) other property that may not be mortgaged according to law. Article 37 of the Guarantee Law of People's Republic of China (PRC) shall not mortgage the following properties: (1) Land ownership: (2) Land use rights owned by collectives, such as cultivated land, homestead, private plots and private plots, except those stipulated in Item (5) of Article 34 and Paragraph 3 of Article 36 of this Law; (3) Educational facilities, medical and health facilities and other public welfare facilities of schools, kindergartens, hospitals and other institutions and social organizations; (4) Property whose ownership and use right are unknown or controversial; (5) Property that has been sealed up, detained or supervised according to law; (six) other property that may not be mortgaged according to law.

Second, can the funds in your hand be used for mortgage loan?

Real estate mortgage loan shall provide mortgaged real estate license, ID cards of both husband and wife, household registration book and marriage certificate [if single, it shall be issued at the place where they are registered]. Generally speaking, the real estate belongs to the real estate and must be owned by the local city, because it will need to go to the judicial and housing management bureau, and it can't be done in different places.

Can the funds in your hand be used for mortgage loan?

You can't.

Loan conditions of mortgage loan:

Have a legal status;

Have a stable economic income, have the ability to repay the loan principal and interest, and have no bad credit record;

There is a legal and effective purchase contract;

If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid; If the mortgage loan has been purchased, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 year;

Being able to provide effective guarantee recognized by the loan bank;

Other conditions stipulated by the lending bank.

Can the funds in your hand be used for mortgage loan?

You can't. Loan conditions of mortgage loan: legal status; A valid purchase contract with stable economic income and repayment of loan principal and interest; Therefore, there must be a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid; If the mortgage loan has been purchased, the original mortgage loan amount is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 year; Being able to provide effective guarantee recognized by the loan bank; Other conditions stipulated by the lending bank.