Mortgage loan refers to a loan business carried out by mortgage. The so-called mortgage means that the mortgagor transfers the property rights of the house to the mortgagor, and the beneficiary, as the repayment guarantor, transfers the property rights involved to the mortgagor immediately after the mortgagor pays off the loan, and the mortgagor enjoys the right to use in this process.
Extended data
The mortgage loan process is as follows:
(1) application. The customer submits a written loan application to the bank and submits relevant materials.
(2) sign a contract. After receiving the loan approval notice from the bank, the loan applicant shall sign a loan contract and a guarantee contract with the loan bank, and handle notarization, mortgage registration, insurance and other related procedures as appropriate.
③ Open an account. Customers who choose entrusted deduction for repayment need to sign an entrusted deduction agreement with the bank, and open a special savings passbook account or a savings card or credit card account at the business outlets designated by the lending bank for repayment. At the same time, the seller shall open a settlement account or deposit account with the loan bank.
(4) issuing loans. With the consent of the lending bank, the lending bank will directly transfer the loan to the deposit account opened by the borrower in the lending bank, or transfer it to the deposit account opened by the seller in one lump sum or by stages according to the loan contract.
⑤ Repay on schedule. The borrower shall repay the principal and interest of the loan according to the repayment plan and repayment method agreed in the loan contract. There are two repayment methods to choose from: entrusted deduction and counter repayment.
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