Mortgage means that the mortgagor (buyer) obtains the ownership of the purchased commercial house by installment, and the house payment can be paid in installments within the prescribed time limit. At the same time, in the installment stage, the ownership of the house is "pressed" and cannot be "uncovered" (taken away) until it is paid in full.
In addition, mortgage trading involves three kinds of debt relationships-namely, the relationship between the mortgagor (buyer), the developer (seller) and the mortgagee (usually the relevant bank).
Its procedure is that the mortgagee (bank) first signs a house purchase contract with the developer and prepays part of the house purchase price; Then the mortgagor (buyer) signs a mortgage contract with the mortgagee (bank) on the basis of this contract, and the bank pays the rest of the house price to the developer, and the buyer pays the mortgage bank regularly until the "mortgage price" is paid according to the regulations, and the mortgage process is over.