Compared with other loans, mortgage loans are faster, but everything has two sides. Before choosing a mortgage loan, you must consider the following factors, and never act impulsively.

1, the process is complicated.

The process of mortgage loan is very complicated, which requires a lot of formalities and repeated bank visits.

2. Be strict.

The service life of the mortgaged house should be less than 25 years. In addition, many banks do not accept affordable housing, houses with small property rights that have not been purchased for five years, houses that cannot provide purchase contracts, houses with outstanding loans, public houses that have been agreed to be purchased, and central houses that cannot provide listing certificates for factories and office buildings. Therefore, there will be many requirements and restrictions during the loan process.

3. There are many loan scams.

If you want to mortgage your house, you should choose a formal bank, and it is safer to take formal channels for loans. Although it is very simple to handle private lending now and the speed of mortgage loan is very fast, it is very risky and may often fall into a scam and lose the house.