Mortgage loan refers to a kind of credit behavior that the applicant applies for a loan from the bank to pay the house price for the purpose of buying a house, and then repays the bank loan in installments according to a certain period of time. At the same time, banks charge certain interest.

How do individuals handle mortgage loans?

1. Loan application: After confirming that the property you choose has bank mortgage support, the buyer should know the bank's regulations on mortgage support for the buyer from the bank or the law firm designated by the bank, prepare relevant legal documents and fill in the mortgage loan application form.

2. Signing a house purchase contract: the bank receives the legal documents related to the mortgage application submitted by the buyers, and after confirming that the buyers meet the mortgage loan conditions through examination, it issues a loan consent notice or a mortgage loan commitment letter to the buyers. Property buyers can sign the "Pre-sale Contract of Commercial Housing" with developers or their agents.

3. Sign the building mortgage contract: After signing the house purchase contract and obtaining the payment voucher, the buyer will sign the mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and stipulate the loan amount, term, interest rate and repayment method.

4, mortgage registration, insurance: property buyers, developers and banks with the "mortgage contract" and the purchase contract to the real estate management department for mortgage registration.

5. Opening a special repayment account: after signing the mortgage loan contract, the purchaser opens a special repayment account in a financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the loan principal and interest and arrears of the bank and mortgage loan contract from this account.

What does mortgage mean?

Mortgage is a kind of loan. In the house purchase loan, the buyer mortgages the property to the bank as a guarantee for the loan, which is actually a mortgage loan.

Legal basis:

"Measures for the Administration of Urban Real Estate Mortgage" Article 3 The term "real estate mortgage" as mentioned in these Measures refers to the act that the mortgagor provides the mortgagee with a debt performance guarantee with his legal real estate without transferring possession. When the debtor fails to perform the debt, the creditor has the right to be paid in priority with the proceeds from the auction of mortgaged real estate according to law.

First of all, usually, bank loans need the following information:

1. Borrower's ID card; The account book of the borrower; Marriage certificate or unmarried certificate of the borrower; The borrower's bank is flowing.

2. The borrower's work certificate;

3. Other materials specified by the bank.

Second, the loan processing flow:

1. The borrower shall apply to the bank after preparing the loan information required by the bank. After receiving the information submitted by the borrower, the bank shall conduct a preliminary examination of the borrower's information.

2. investigation. This is mainly to verify the borrower's information and see if the information is true. At the same time, the borrower's personal credit record will be checked to see if it meets the bank's loan requirements. After evaluating all aspects of the borrower, the bank will enter the examination and approval stage, and mainly decide whether to issue loans to the borrower.

3. Loan issuance. After determining that the borrower meets the loan requirements of the bank, the bank issues the loan, and finally the borrower can repay the loan according to the loan contract.

Three. Description of the loan:

A simple and popular understanding of a loan is to borrow money that needs interest. Loan is a kind of credit activity. Banks or other financial institutions that borrow monetary funds at a certain interest rate must repay them. Loans in a broad sense refer to loans, discounts, overdrafts and other loan funds. Banks meet the social demand for supplementary funds through loans and monetary funds, so as to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

The purpose of loan policy of commercial banks is to ensure the coordination of their business activities. Loan policy is a general principle to guide all kinds of loan decisions. An ideal loan policy can support banks to make correct loan decisions and help them operate. The second is to ensure the quality of bank loans. The correct credit policy can keep the bank's credit management at an ideal level, avoid excessive risks, and properly choose business opportunities.

The loan method is the way for banks to issue loans to enterprises. According to the different ways of loan guarantee, it can be divided into credit loan, secured loan and bill discount. Credit loan refers to a loan based only on the lender's credit; Secured loans refer to secured loans, mortgage loans and mortgage loans; Bill discount refers to the loan issued by the lender by purchasing the unexpired commercial paper of the borrower, which is a special form. At present, the supply of credit funds in China can be divided into three types: direct loans, indirect loans and trading loans.

What does mortgage mean?

Lending refers to the loan business with house water as collateral. If you want to make a mortgage loan, you can first consult the relevant information from the bank that handles the loan, then choose the real estate, handle the mortgage loan, then sign the house purchase contract and mortgage contract, and finally handle the mortgage registration.

legal ground

Article 42 of People's Republic of China (PRC) Commercial Bank Law

The borrower shall repay the loan principal and interest on schedule.

If the borrower fails to repay the secured loan at maturity, the commercial bank has the right to require the guarantor to repay the principal and interest of the loan or give priority to the repayment of the collateral. Real estate or equity acquired by a commercial bank due to the exercise of mortgage or pledge shall be disposed of within two years from the date of acquisition.

If the borrower fails to repay the credit loan at maturity, it shall bear the responsibility in accordance with the contract.

The word "mortgage" was originally a local dialect and was found in Hong Kong, Macao and Taiwan. From the end of 1980s, it gradually appeared in Chinese mainland from south to north. Except for the China Special Administrative Region, there is no provision on mortgage in the law. Before Hong Kong's return to the motherland, the provisions on mortgage in Hong Kong were broadly defined and narrowly defined. Mortgage in a broad sense refers to any form of pledge (pledge is the mortgage of movable property) and mortgage; Narrow mortgage refers to transferring the property to the lender's name, and then transferring the property back to the borrower's (mortgagor's) name after the loan is paid off. There are some differences between the mortgage stipulated in the Urban Real Estate Management Law and the Guarantee Law and the mortgage in Hong Kong, that is, the definition of mortgage in these two laws is based on the condition of not transferring possession. "Mortgage" has two meanings: real estate mortgage and installment repayment. It refers to a loan method in which a bank issues a purchase of owner-occupied housing to a natural person with full capacity for civil conduct, and repays the loan with the property house purchased by him as a mortgage, and repays the principal and interest of the loan on a monthly basis. It is divided into individual housing commercial loans (referred to as commercial loans) and individual housing provident fund loans (referred to as provident fund loans). Specifically, the mortgage loan refers to the purchase of the building as collateral to obtain loans from the bank, and the buyers pay the bank in installments according to the repayment method and time limit agreed in the mortgage contract; Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house.

What is a commercial mortgage loan?

Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.

Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same.

Personal housing commercial loans are self-operated loans issued by banks with their credit funds. Specifically, a natural person with full capacity for civil conduct applies to the bank for a commercial housing loan as a loan repayment guarantee when purchasing a self-occupied house in a town in this city, with the purchased property housing (or other guarantee methods recognized by the bank) as collateral. Mortgage loan is a kind of commercial loan. Personal housing commercial loan is a kind of loan that China citizens apply to the bank for the purchase of commercial housing. According to the relevant regulations of the bank, anyone who meets one of the following two conditions can apply for loan varieties: first, residents who participate in housing savings; Second, the house seller has an agreement with the loan bank, and the real estate guarantee enterprise provides guarantee to the bank for the residents' house purchase loan.

Commercial loans refer to the proportion of commercial loans in the guarantee balance of housing property right guarantee institutions at the end of the statistical period.

What does a commercial loan mean?

Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. According to relevant laws, general commercial loans refer to short-term loans with a term of no more than one year, but there are also a few medium-and long-term loans. There is no limit to the maximum amount of commercial loans.

The repayment methods of commercial loans and mortgage loans are also different. Commercial loan is the way for buyers to borrow money from banks. Generally speaking, as a property buyer, you use the house you bought as collateral, sign a commercial contract with the bank, and repay the loan to the bank in time without transfer as a guarantee. This kind of loan should repay the principal and interest to the bank in accordance with the contract, and then get back the collateral "House Ownership Certificate" and "Land Use Certificate". In other words, the ownership of the house is not yours until you pay off the loan. In case of default, the bank has the right to dispose of the house. Commercial loans are usually short-term and usually paid off within five years. And mortgage loans are now like installment payments. You can get ownership of the house by installment. As long as you pay, the house is yours.

Personal housing commercial loans are self-operated loans issued by banks. Specifically, it refers to a natural person with full capacity for civil conduct who, when purchasing his own urban housing in this city, uses his own property house or other collateral recognized by the bank as collateral to apply for commercial housing loans from the bank. Mortgage loan is a form of commercial loan. Personal housing commercial loan is a loan that China citizens apply to the bank to buy commercial housing. According to the relevant regulations of the bank, those who meet one of the following two conditions can apply for loan types: first, residents who participate in housing savings; Second, the house seller has an agreement with the loan bank. The house seller reached an agreement with the loan bank, and the real estate guarantee enterprise provided guarantee to the bank for the residents' housing loan.

The loan for urban residents to buy ordinary housing shall be subject to the statutory loan interest rate. Many commercial banks in Beijing have such businesses, such as CCB and ABC. The procedures for applying for loans are basically the same. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises, usually short-term loans, with a general term of about 9 months and no more than one year, but there are also a few medium-and long-term loans. Such loans are the main part of commercial bank loans, generally accounting for more than one-third of the total loans.

What do portfolio loans and commercial loans mean?

Commercial loans, also known as mortgage loans, mainly come from the deposits of individuals and enterprises in banks. Their main characteristics are: first, they are commercial and profitable; Second, the interest rate is higher than the provident fund loan, which is about 1.45 times of the provident fund loan.

Portfolio loan refers to the buyers who normally pay the provident fund, and use commercial loans as a supplement when the amount of provident fund loan application is not enough. For example, a buyer needs a loan of 700,000 yuan, the maximum amount of provident fund loan is 400,000 yuan, and the other 300,000 yuan is a commercial loan. Provident fund loans, commercial loans = portfolio loans.

Portfolio loan refers to the borrower who meets the conditions of individual commodity housing loan and pays housing provident fund at the same time, which meets the conditions of provident fund loan. In addition, when applying for personal housing commercial loans, you can also apply for personal housing provident fund loans, which are called portfolio loans. The provident fund loan of portfolio loan is implemented according to the interest rate of individual housing provident fund loan, and the commercial loan part of portfolio loan is implemented according to the commercial loan standard of individual housing of loan bank.

Commercial loans, also known as mortgage loans, mainly come from the deposits of individuals and enterprises in banks. Their main characteristics are: first, they are commercial and profitable; Second, the interest rate is higher than the provident fund loan, which is about 1.45 times of the provident fund loan.

Application method:

To apply for a portfolio loan, the preliminary examination procedure is the same as that of a provident fund loan. After passing the preliminary examination, when the borrower goes to the bank to handle other procedures for provident fund loans, he should fill in the application form for commercial loans and go through relevant procedures as required by the bank. After the two loans are approved, the bank will transfer them to the account of the selling unit at the same time. In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans are the same, but different interest rates are implemented.

Step 1: The borrower takes the Commodity House Sales Contract to the personal loan business window of the Housing Provident Fund Management Center 1 to get the loan application form. Step 2: The borrower takes the ID card of himself and the auxiliary borrower, the original household registration book (marriage certificate is required if the household registration accounts are not together), the deposit certificate of provident fund (required for the deposit of provident fund by the locomotive factory and county), the notarization statement (required for the mortgagor and the borrower who are not the same person), the commercial housing sales contract and the completed loan application form to the No.2 window of personal loan business to review the loan amount and calculate the relevant fees to be paid. If the provident fund loan is insufficient, you can apply for a portfolio loan, and apply for a commercial loan at a designated bank with a portfolio loan contact form and related materials. Step 3: The mortgagor and the borrower take their personal seal, current passbook or credit card and the following materials to the No.3 window of personal loan business, then go to No.4 window to collect relevant fees, go through the mortgage formalities at No.3 window, sign the loan contract at No.2 window and sign the entrusted transfer agreement at the designated bank window. Step 4: The borrower will collect the loan receipt at the entrusted loan bank window of the center on the specified date.

Legal basis: Article 26 of the Regulations on the Administration of Housing Provident Fund.

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.

The risk of housing provident fund loans shall be borne by the housing provident fund management center.