In daily life, there are often times when people need money badly. Loans are a faster way. Besides credit loan, mortgage loan is a better way, because the loan amount is high and the credit requirement is low, as long as the collateral meets the conditions.

1. You can only use the property in my name.

Some friends want to mortgage the house because they are short of money, but the house belongs to their parents. In fact, according to the provisions of the mortgage loan policy, as long as the owner agrees, the borrower can also apply for a loan with the property in someone else's name. Generally speaking, with the property in my name, the pass rate will be higher. Once the money is not paid back, the house will be taken away by the bank and blacklisted, with serious consequences.

2. It can still be used after mortgage.

After the borrower mortgages the house to the bank, it still has the right to use it. When the loan is fully settled and the mortgage is released, the house still belongs to you. If the borrower fails to repay the loan, the bank will collect it first, and only if the collection fails will the auction be considered, which will take at least one year to complete.

3. The collateral is limited.

Generally speaking, if you want to mortgage a house, the property must meet the requirements of the bank. The requirements of each bank are slightly different. Some people pay more attention to housing lots and like houses in the city center. Some pay great attention to huxing, and do not accept shops and office buildings, but only ordinary houses. Therefore, we must choose a suitable lending institution for mortgage loan, otherwise it is easy to be refused a loan because some conditions do not meet.

I suggest you apply according to your actual situation. If you have a house and a car, mortgage is a good choice.