The owner of the house purchased with the loan of 1 enjoys the right to live, but the house is actually mortgaged to the bank, and when the house is facing demolition, the bank has the priority to be compensated, that is to say, after the house demolition payment is issued, the remaining loan of the bank must be repaid first. It should be noted here that in the process of demolition, both parties need to sign a demolition agreement, but if the house still has a loan, then the demolition party should give priority to paying off the relevant debts of the bank, and then sign an agreement with the demolished party to obtain the demolition right of the house.
If the demolished party chooses monetary compensation when choosing the compensation method for demolition, then the demolished party should take the initiative to help the house with the loan repay the bank loan, that is, pay the demolition compensation to the bank first to offset the loan of the original house; If the property right is replaced, the demolition party shall assist the demolition party to convert the house originally mortgaged to the bank into the replaced house and re-sign an effective loan agreement.