The so-called mortgage loan means that when buying a house, the buyer only pays a certain amount of down payment, and then mortgages the house to the loan bank with the house as collateral, and the mortgage proceeds are used by the buyer to pay the remaining house price, and then the buyer settles with the loan bank.

The mortgagor will transfer the property right to mortgage, and the beneficiary will serve as the repayment guarantee. After the mortgagor pays off the loan, the beneficiary immediately transfers the property rights involved to the mortgagor, and the mortgagor enjoys the right to use the house in the process.