The main differences between the two are:

1. The difference between installment payment and mortgage payment is: the term of installment payment generally does not exceed 1 year, and the submission of modification objects for installment repayment It is a developer and does not pay interest; and the mortgage period is not only long, but the repayment object is the bank, and interest must be paid;

2. Mortgage Specifically, a mortgage loan refers to the purchase of a house by the buyer. The building is used as collateral to obtain a loan from the bank. The buyer pays the bank in installments according to the repayment method and period specified in the mortgage contract; the bank charges interest at a certain interest rate. If the lender defaults, the bank has the right to seize the home.

3. Installment payment is mostly used in product transactions with long production cycles and high costs. Such as the export of complete sets of equipment, large-scale vehicles, heavy machinery and equipment and other products. Most of the remaining payment will be paid in installments after part or all of the product is produced, shipped and shipped, or when the goods arrive for installation, commissioning, investment and the expiration of the quality guarantee period.

In installments, you owe money to the developer, usually for a short period of time, ranging from a few months to a few years (usually up to two years), and you will not be charged interest or handling fees. The repayment pressure is huge. For example, if you pay 200,000 yuan in installments eight times over two years, it will cost you 25,000 yuan every three months.

Loans. That means you borrow money from the bank to give it to the developer. The creditor is the bank. The term of the loan is usually longer than 1 to 30 years, and a certain amount of interest needs to be paid. The repayment pressure is relatively small. For example, you get a loan of 200,000 for 20 years. The monthly payment is about 1,200 yuan.

The specific situation must be determined according to your own economic strength. If you don’t want to pay loan interest but have enough money to pay for it in the short term, you can use installments. If you don’t have enough money, you can only consider taking out a loan. (Mengmeng 890505)

The mortgage is handled through the bank. After paying a certain down payment, you apply for a loan from the bank. The bank lends money to the developer and the buyer repays the loan. There is no need to say more about this method.

One is an installment plan provided by developers to customers with certain financial strength who are temporarily unable to raise funds in a short period of time. The installment period is generally within 1 year, and the longest period will not exceed 2 years. Year. One is the old model, which is to borrow money from banks.