Mortgage loans cannot be used to buy a house. Banks strictly monitor the flow of funds in post-loan management, strictly restrict the loan funds from entering the real estate market, and immediately recover the funds once the banks find out. In order to prevent real estate speculators from lending real estate and driving up housing prices, loan funds are not allowed to enter the real estate market. After using the house as a mortgage loan, the bank will issue a bank card that cannot be withdrawn and can only be used for specified purposes. Cary's money can't be used to buy a house. Generally speaking, when a customer buys a house, the funds will enter the supervision account of the developer. It is not feasible for customers to buy a house with this card. Now banks have strict supervision over the use of loans, and borrowers cannot use loans for purposes prohibited by banks. Otherwise, once the bank finds out, it has the right to recover the loan, and the borrower is not worth the loss.

legal ground

Article 36 The mortgaged real estate shall be owned and managed by the mortgagor. The mortgagor shall maintain the safety and integrity of the mortgaged real estate during the possession and management of the mortgaged real estate. The mortgagee has the right to supervise and inspect the management of mortgaged real estate in accordance with the provisions of the mortgage contract.

2. Can the house mortgaged by the developer to the bank be bought?

You can buy it. Make two conditions when you buy it.

First, pay the house money directly to the bank and ask the bank to recover the loan and cancel the house mortgage.

Second, when buying a house, banks, developers and buyers should sign an agreement.

3. Can mortgage be used to buy a house?

Mortgage loans are not allowed to buy a house.

legal ground

Article 36 of the Measures for the Administration of Urban Real Estate Mortgage stipulates that the mortgaged real estate shall be possessed and managed by the mortgagor. The mortgagor shall maintain the safety and integrity of the mortgaged real estate. Supervise and inspect the management of mortgaged real estate with regulations.

4. Can mortgage be used to buy a house?

Loan conditions of mortgage loan:

Have a legal status;

Have a stable economic income, have the ability to repay the loan principal and interest, and have no bad credit record;

There is a legal and effective purchase contract;

If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid;

If the mortgage loan has been purchased, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 year;

Being able to provide effective guarantee recognized by the loan bank;

Other conditions stipulated by the lending bank.