Explain what a mortgage loan is.

What does mortgage mean? The difference between mortgage loan and mortgage loan

For people who are about to buy a house with a loan or have already bought a house, I believe that the word mortgage is not unfamiliar. So what does mortgage mean? Is the mortgage loan that people often say is mortgage loan? In order to solve your doubts, today I will talk about the meaning of mortgage and the difference between mortgage and mortgage.

For people who are about to buy a house with a loan or have already bought a house, I believe that the word mortgage is not unfamiliar. So what does mortgage mean? Is the mortgage that people often say is mortgage? In order to solve your doubts, today I will talk about the meaning of mortgage and the difference between mortgage and mortgage.

What does mortgage mean?

1. Mortgage means that the mortgagor transfers his own property rights to mortgage, and the beneficiary is the party that guarantees repayment. After the mortgagor repays the loan, the beneficiary immediately transfers the involved property rights to the mortgagor, and the mortgagor enjoys the right to use in the process.

2. Mortgage originated in western countries, and originally belonged to a legal relationship in the Anglo-American balance law system. Later, it was introduced to the mainland real estate market from Hong Kong more than ten years ago. It was first tried by Shenzhen Construction Bank in the local area, and then gradually became popular in the mainland. Because it appeared frequently in the real estate field and was formally used in the text, its meaning gradually evolved into "mortgage loan", which has been officially called "mortgage loan for individual purchase of commercial housing" in China.

3. Mortgage loan refers to a loan that an individual pays a certain down payment when the property he buys has a property title certificate, a house that can be traded in the market or a commercial house, and the rest is applied to a cooperative institution with the property to be purchased as collateral. To put it simply, when buying a house, a certain down payment is made, the house is mortgaged to the bank, and the money from the mortgage pays the remaining house price, and the individual then settles with the bank.

the difference between mortgage loan and mortgage loan

1. Mortgage means that the mortgagor (buyer) obtains the right to purchase commercial housing by installment payment. It has two meanings for buyers: first, the house payment can be paid in installments within the prescribed time limit; Second, in the installment stage, the right of the house is "pressed" and cannot be "uncovered" (taken) until it is paid in full.

2. In addition, mortgage sales involve three parties' debt relationships-namely, the relationship among the mortgagor (buyer), the developer (seller) and the mortgagee (usually the relevant bank).

3. The mortgagee (bank) first signs a house purchase contract with the developer and pays part of the house purchase price in advance; Then the mortgagor (buyer) signs a mortgage contract with the mortgagee (bank) on the basis of this contract, and the bank pays the rest of the purchase price to the developer, and the buyer pays the mortgage bank regularly until the "mortgage price" is paid in accordance with the regulations, and the mortgage process is over.

4. Mortgage loan is a way for buyers (mortgagors) to borrow money from banks (mortgagees). That is, the buyer uses the purchased property as collateral, signs a mortgage contract with the bank, and takes the non-transfer right as a guarantee to repay the loan to the bank on schedule. Interest must be paid on this loan. After the buyer (mortgagor) pays off the principal and interest to the bank according to the contract, he can recover the collateral-"house ownership certificate" and "land use certificate".

5. That is to say, before paying off the loan, the buyer does not really have the right to buy the house. If the loan is not repaid on schedule, the bank can deal with it according to law.

I believe you already know the meaning of mortgage here, and the difference between mortgage loan and mortgage loan is of course self-evident. I hope it will help you to choose the form of housing loan in the future.

What does mortgage loan mean?

Mortgage loan mainly refers to housing mortgage loan. After the buyer buys the property, it is mortgaged to the bank, and the bank lends the money to the buyer, and the buyer can repay it on a monthly basis. Only after paying off the loan can the ownership of the house really belong to the buyers, and the mortgagor enjoys the right to use it during the repayment process.

legal basis: article 11 of the interim measures for the administration of personal loans: an application for personal loans shall meet the following conditions: (1) the borrower is a citizen of the people's Republic of China with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal; (3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender.

loan: loans made by banks or other credit institutions to borrowers must be repaid within a certain period of time with interest paid. Simple understanding is to borrow money with interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other lending funds. Banks put the concentrated money and monetary funds out through loans, which can meet the needs of society to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

repayment method of the loan

(1) equal repayment of principal and interest: that is, the sum of the principal and interest of the loan adopts a monthly equal repayment method. Housing provident fund loans and commercial personal housing loans of most banks have adopted this method. This way, the monthly repayment amount is the same;

(2) repayment of equal principal: that is, a repayment method in which the borrower evenly distributes the loan amount to each installment (month) throughout the repayment period and pays off the loan interest from the previous trading day to the repayment day. In this way, the monthly repayment amount decreases month by month;

(3) Pay interest on a monthly basis and repay the principal at maturity: that is, the borrower will repay the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan will bear interest on a daily basis and the interest will be repaid on a monthly basis;

(4) prepayment of part of the loan: the borrower can prepay part of the loan amount, usually 1, yuan or an integer multiple of 1, yuan. After repayment, the loan bank will issue a new repayment plan, in which the repayment amount and repayment period are changed, but the repayment method is unchanged, and the new repayment period shall not exceed the original loan period

(5) prepayment of all the loans: the borrower applies to the bank.

(6) Pay back as you borrow: the interest after borrowing is calculated on a daily basis, and the interest is calculated on a daily basis. You can settle the money in one lump sum at any time without penalty

What is mortgage loan? What does mortgage loan mean?

Many young people will be advised to use mortgage loans when considering buying a car or a house. However, many post-8s and post-9s people don't know what mortgage loans mean. So what is mortgage loan and where is it mainly used? Come and have a look with everyone.

in plain and simple terms, mortgage loan means that the property right of the things you borrow money to buy is not with you, but generally with financial institutions. Only when you pay off all the mortgage money, the property right of this thing is yours. During the mortgage process, you can use your mortgage products. That is to say, you want to buy something from someone else, so you sign a loan contract and a mortgage contract. Before all the money is paid back, this thing doesn't belong to you. You only have the right to use it, and after the mortgage is paid back, this thing belongs to you personally.

first, let's look at what mortgage is. Mortgage once is the cantonese transliteration of English "mortgage", which means that with real estate and other physical assets or securities, contracts, etc. as collateral, a bank loan is obtained and the principal and interest are paid in installments according to the contract. After the loan is paid off, the bank will return the collateral. Since the late 198s, mortgage loans have gradually appeared in mainland China from south to north. However, apart from the China Special Administrative Region, there is no provision for mortgage in the laws of the People's Republic of China. The bank's definition of mortgage loan mainly refers to a loan business carried out by mortgage.

People often talk about mortgage and mortgage, but there are still many people who are very vague about what mortgage is and what mortgage is. So what is the difference between them? Taking buying a house as an example, we vividly illustrate the difference between the two. Mortgage loan is a way for buyers to borrow money from banks. Buyers use the purchased property as collateral, sign mortgage contracts with banks, and take the way of not transferring ownership as a guarantee to repay loans to banks on schedule. This kind of loan also needs to pay interest to the bank. When the principal and interest are paid off, the collateral-house ownership certificate and land use certificate can be recovered.

in the specific operation process, it means that the mortgagor transfers the property right to mortgage, and the beneficiary acts as the repayment guarantee. After paying off the loan, the beneficiary establishes the mortgagor involved in the property right transfer, and the mortgagor enjoys the right to use in the process.

In other words, you are not the owner of the house until the loan is paid off. In case of default, the bank has the right to dispose of your house. However, mortgage loan is to obtain the ownership of the purchased house by installment. Although mortgage and mortgage are different in nature, they all achieve the same goal in ensuring debt performance by "pressing" the ownership of housing.

knowing what mortgage is, we should also know that mortgage, as a kind of mortgage loan, has its own risks for banks. As for the global financial risk caused by the butterfly effect of subprime mortgage in previous years, the financing method of mortgage is partly determined by the market situation of the housing market. When the market expects the annualized interest rate to rise and the housing market is depressed, the repayment ability of lenders may be affected, and banks will therefore face huge credit risks. So this is true for banks. Each of us also has risks. If we can't repay the loan on time, we will pay the corresponding price.

Knowing what mortgage is and what mortgage means, you will know more clearly whether you are qualified or not when buying a house or a car, and whether you want to own these things through mortgage.

What does mortgage loan mean?

Mortgage loan 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:

Article 3 of the Measures for the Administration of Urban Real Estate Mortgage 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 price obtained from the auction of mortgaged real estate according to law.

1. Usually, a bank loan needs the following information:

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

2. the borrower's work certificate;

3. Other materials specified by the bank.

ii. loan processing flow:

1. the borrower should 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 review of the borrower's information.

2. investigate. This is mainly to verify the borrower's information and see if the information is true. At the same time, it will also check the borrower's personal credit record to see if it meets the bank's loan requirements. After evaluating all aspects of the borrower, the bank will enter the approval process and mainly decide whether to grant loans to the borrower.

3. Lending. After determining that the borrower meets the loan requirements of the Bank, the Bank will issue the loan, and finally the borrower can repay the loan according to the loan contract.

III. Relevant explanations of loans:

The simple and popular understanding of loans is to borrow money that needs interest. Loan is a kind of credit activity. Banks or other financial institutions borrow monetary funds at a certain interest rate and must repay them. In a broad sense, loans refer to loans, discounts, overdrafts and other loan funds. Through loans and monetary funds, banks can meet the needs of society for supplementary funds 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 commercial banks' loan policy is to ensure the coordination of their business activities. The loan policy is the general principle to guide all loan decisions. An ideal loan policy can support banks to make correct loan decisions and help banks to 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.

loan method is the way that banks 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; 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.