The word "Mortgage" comes from the English word "mortgage", which refers to both "mortgage loan" and "commercial housing mortgage loan". It means that the mortgagor (borrower) mortgages his legally owned property to the mortgagee (lender) as collateral to ensure that the mortgagee is the first beneficiary and fulfill all obligations under the commercial housing mortgage (mortgage) loan contract, so as to obtain a loan with a certain amount and term from the mortgagee.
It means that the mortgagor transfers the property right of the property to the mortgage beneficiary (bank) as repayment guarantee, and the mortgage beneficiary transfers the property right of the property back to the mortgagor after repayment. "Mortgage" has two meanings: real estate mortgage and installment repayment. Specifically, mortgage loan means that the buyers get loans from the bank with the purchased houses as collateral, and the buyers pay the bank in installments according to the repayment method and time limit stipulated in the mortgage contract; Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house.
Refers to the mortgaged real estate and other physical assets or securities, contracts, etc. Get a bank loan and pay off the principal and interest in installments according to the contract. After the loan is paid off, the bank will return the collateral.
For the current wage mortgage buyers in Chinese mainland (that is, house slaves), it should be interpreted as: holding you down and exposing your skin layer by layer.
Mortgage means that the mortgagor transfers the property right of the house to the mortgagor, and the beneficiary, as the repayment guarantee, immediately transfers the property right involved to the mortgagor after paying off the loan, and the mortgagor enjoys the right to use in this process.
[Edit this paragraph] Division
Before the return of Hong Kong, the provisions on mortgage in Hong Kong were broadly defined and narrowly defined.
Mortgage in a broad sense refers to any form of pledge (pledge is the mortgage of movable property) and mortgage;
Narrow mortgage refers to the transfer of real estate to the name of the lender, and then the real estate is transferred back to the name of the borrower (mortgagor) after the loan is paid off.
[Edit this paragraph] Housing mortgage loan
Housing mortgage loan is a kind of housing guarantee loan, which refers to personal housing mortgage loan provided by real estate development enterprises with the house purchased by the buyer as collateral. The popular meaning of "mortgage" refers to the mortgage of pre-purchased commercial housing. It means that the mortgagor transfers the pre-purchased property rights to the mortgage beneficiary (bank) as repayment guarantee, and the mortgage beneficiary transfers the property rights to the mortgagor after repayment. Specifically, mortgage loan refers to the loan that the buyer obtains from the bank with the pre-purchased building as collateral, and the buyer pays the bank in installments according to the repayment method and time limit stipulated in the mortgage contract; Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house.
Mortgage loan for house purchase can be divided into narrow sense mortgage and broad sense mortgage.
Narrow sense of housing mortgage loans can be classified from two aspects. First, it only refers to the contents of mortgage loan contracts in series contracts; The other refers to the content of the contract in which the buyer purchases the house by mortgage rather than without mortgage. According to this concept, all the contracts mentioned above, except those signed by the buyer and the developer, belong to the narrow sense of mortgage.
House mortgage in a narrow sense includes the procedures for the buyer to apply for a house loan from the bank, house price evaluation, mortgage procedures, mortgage guarantee, home insurance procedures, down payment ratio, loan interest rate, loan term, loan repayment method, default treatment clauses and other specific contents. Under the mechanism of indefinite house mortgage, it also provides loan credit guarantee for the buyer. In a narrow sense, the core content of housing mortgage loan is mortgage procedure, down payment ratio, loan interest rate, loan term and loan repayment conditions. House mortgage in a narrow sense directly affects the direct interests of two or three parties (including real estate companies) and many parties (including insurance companies and real estate appraisal agencies). A good housing mortgage loan mechanism should make the narrow sense of housing mortgage loan the most efficient, including the number of procedures, the length of time, the size of risks, fairness and so on.
House mortgage in a broad sense must include not only all the contents of house mortgage in a narrow sense, but also the direct environmental mechanism and real estate transaction price mechanism to realize house mortgage in a narrow sense. Specifically, it includes real estate price mechanism, real estate transaction price mechanism (mainly referring to transaction taxes and fees and transaction procedures), real estate valuation mechanism, government's support policies for narrow housing loans (such as government interest subsidies), narrow housing mortgage loans, insurance mechanism for bank housing mortgage loan liquidity, default handling mechanism (including default handling clauses), second-hand real estate trading market (also known as real estate third-level trading market), legal mechanism and housing welfare insurance mechanism. The core idea of the broad sense of the purchase mechanism is to create conditions for the narrow sense of the purchase mortgage. According to their own national conditions and their actual understanding of the generalized mortgage mechanism for housing purchase, countries implement their own generalized mortgage models. The difference of these modes will directly affect the level of housing development in these countries, and will also have a significant impact on the financial, legal, economic, social and cultural mechanisms of some related countries.
The relationship between narrow housing mortgage and broad housing mortgage is that narrow housing mortgage is a necessary condition for broad housing mortgage, and broad housing mortgage is an environmental mechanism for narrow housing mortgage to be realized. Without the existence of a narrow mortgage loan operation mechanism, it cannot be called a broad mortgage loan mechanism. Without the guarantee of generalized mortgage mechanism, narrow mortgage is impossible to realize. The difference of broad mortgage mechanism directly affects the content and operation effect of narrow mortgage mechanism, and affects the economic interests of both sides of narrow mortgage.