Second, there are different ways to handle loans. For real estate mortgage, you only need to go through the mortgage guarantee procedures, and the house can continue to be used for your own use. Handling a real estate pawn is equivalent to a pledge loan. During the period of real estate pawn, the house needs to be sealed up and supervised by the pawnshop.
Third, the processing time limit is different. The term of real estate mortgage loan is long, and most of them can apply for a real estate mortgage loan of 1-20 years. The duration of real estate pawn is relatively short, mostly from 3 months to 6 months.
Fourth, the evaluation methods are different. The pre-evaluation of real estate mortgage loan is complicated. There is no property right dispute in the house to be mortgaged, the property right of the house should be clear, the age of the house should be appropriate, and the borrower should have the repayment ability. Housing pawn generally does not examine whether the pawnshop has repayment ability, mainly because it requires no property disputes and depends on the value of the property.
Legal basis: Article 3 of the Measures for the Administration of Urban Real Estate Mortgage The term "real estate mortgage" as mentioned in these Measures refers to the act that the mortgagor provides the mortgagee with his legal real estate to guarantee the performance of debts without transferring possession. When the debtor fails to perform the debt, the creditor has the right to be paid in priority with the proceeds from the auction of mortgaged real estate according to law.
The term "mortgagor" as mentioned in these Measures refers to a citizen, legal person or other organization that provides legally acquired immovable property to the mortgagee as a borrower or a third party to perform debt guarantee.
The term "mortgagee" as mentioned in these Measures refers to the citizens, legal persons or other organizations that accept real estate mortgage as the debtor's debt guarantee.
The term "pre-purchased commercial housing loan mortgage" as mentioned in these Measures refers to the behavior that after the purchaser pays the down payment, the loan bank pays the remaining purchase price on behalf of the purchaser and mortgages the purchased commercial housing to the loan bank as a guarantee for repayment of the loan.
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