Mortgage transfer requires paying off the loan. However, it depends on the bank. Some banks think that ownership can be transferred, and the bank will give him rights, and then transfer ownership to the Housing Authority with his rights. If the bank thinks it is impossible, it can only pay off the loan first, get back the property right, and then transfer the ownership. The mortgage loan purchase process includes:

1. Submit a mortgage application. If the property buyers are buying new houses, most of the sales offices of new houses have cooperative banks on site. After signing the contract, buyers can directly apply for a loan from the real estate contract bank, learn about the relevant provisions of mortgage loans from the bank, prepare the documents required by the bank, fill out the mortgage loan application form and submit it to the bank for review;

2. Waiting for the bank's audit results, waiting for the bank's audit results, the bank will review the credit status and repayment ability of the buyers. If the examination fails, the bank refuses to issue loans;

3. After the loan contract is signed, the buyer needs to sign a loan contract with the bank. When signing a loan contract, he needs to pay various fees, handle mortgage and insurance. Buyers need to wait for the notice to go to the bank for a face-to-face interview, and wait for the bank to verify the materials. After verification, the bank will inform the buyers to take the materials to the Housing Authority for mortgage.

4. Waiting for a bank loan.

Legal basis: Article 667 of the Civil Code of People's Republic of China (PRC).

A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.