The purchase contract cannot be mortgaged, and the purchase contract itself cannot be used as a guarantee, but it can be used as a proof of repayment ability. Mortgage refers to the use of acquired private property as a guarantee for the performance of debts. If the debt cannot be repaid on time in the future, the creditor has the priority to be compensated, but the house purchase contract has no value, cannot be realized and cannot be used as collateral.

What are the risks of housing contract loans?

1. Risks of development projects.

If the developer mismanages or misappropriates funds, the project he develops may not be completed as scheduled, or even form a "unfinished" phenomenon, and the property purchased by the borrower and used as collateral will become a "castle in the air"; The property purchased by the borrower has major quality problems. All these situations will make it difficult to perform personal loan-related contracts, and the rights and interests of borrowers and loan banks will be infringed.

2. Bank risk.

Failing to strictly examine the borrower's situation; Insufficient control of the developer's sales situation, project progress, the flow of funds in the house payment supervision account and the deposit account; Lack of necessary contact with housing management and land departments, mortgage registration is not implemented; The lax file management and the loss of important contract documents lead to the risk of bank loans.

What are the precautions in the loan contract?

1. New house: one is the buyer and the other is the developer. Property buyers, that is, the "buyer" in the purchase contract, will become the owner recorded in the real estate license; Need to pay the house price; Once the contract is violated, it shall be liable for breach of contract. When you look at the house, you can understand it from the following aspects: housing construction status, housing community status and housing rights. The verification of these situations will help you control the actual cost and risk of the transaction; Liability for breach of contract.

2. Second-hand house: sign the contract, specify the down payment time, transfer the ownership, hand over the house, and pay the balance according to the contract. These steps need to be noted: keep the transaction evidence, transfer the ownership only when the owner of the real estate license is present, and check whether the other party has paid the property fee, water, electricity and gas fee when handing over the house. Clear and strict liability for breach of contract with the seller is the guarantee for both parties to fulfill the second-hand housing sales contract in good faith. In practice, small down payment punishment or simple "the breaching party should bear the losses of the observant party" lacks practical effect.