The difference between mortgage and mortgage
Mortgage means that the mortgagor (buyer) pays the price of the purchased commercial house by installment and obtains the right of the purchased commercial house. Mortgage loan is a way for the buyer (mortgagor) to borrow money from the bank (mortgagee). That is, the buyer takes the purchased property as collateral, signs a mortgage contract with the bank, and takes the non-transferable right as guarantee to repay the loan to the bank on schedule.
The difference between housing mortgage loan and real estate mortgage loan;
I. Housing mortgage loans for loan purposes are mainly used for purchasing houses; Real estate mortgage loans are mainly used for capital turnover for commercial and consumer purposes.
Second, the loan information The borrower who applies for a housing mortgage loan must provide the down payment certificate, the purchase contract and other information; Borrowers applying for real estate mortgage loans need to provide materials such as real estate license, state-owned land certificate and loan use certificate.
Third, the loan period The longest loan period of housing mortgage loans can reach 30 years; The longest loan period of real estate mortgage loan is generally ten years.
Fourth, the loan interest rate can be discounted, of course, it can also rise, or it can be implemented according to the benchmark interest rate; However, real estate mortgage loans generally float on the benchmark interest rate.
V. Loan policy Housing mortgage loans will be affected by the policy of restricting loans and purchases; However, there are not so many rules for real estate mortgage loans. You can get a loan as long as the lending institution is willing to accept your property.
What is real estate license mortgage loan
Personal housing mortgage loan means that the applicant applies for a loan from the bank with his own housing property rights as collateral, and the loan funds can be used for personal consumption and operation.
Personal housing mortgage loan is different from personal housing mortgage loan. Personal housing loan refers to the loan issued by the bank to the borrower for the purchase of ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan.
If the individual mortgage loan fails to repay as agreed within the mortgage period, the bank will recover the property and obtain the ownership of the house, and at the same time, it can auction the illegal money according to law.
The difference between mortgage loan and mortgage loan must be clear to everyone. If it is a mortgage loan, it is a mortgage loan. Real estate mortgage loan is mainly used for capital turnover in consumption, so the two must be clearly distinguished. What is real estate license mortgage loan? It is the capital turnover through the housing mortgage loan. If there is a capital demand, you can choose the form of real estate license mortgage loan to get the capital demand.