For those who are about to buy a house with a loan or have already bought a house, I believe that the word mortgage is no stranger. So what does mortgage mean? Is the mortgage that people often say a mortgage? In order to solve everyone's doubts, today I will talk about the meaning of mortgage and the difference between mortgage and mortgage.
For those who are about to buy a house with a loan or have already bought a house, I believe that the word mortgage is no stranger. So what does mortgage mean? Is the mortgage that people often say a mortgage? In order to solve everyone's 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 the property right of his house to mortgage, and the beneficiary is the party that guarantees repayment. After the mortgagor repays the loan, the beneficiary immediately transfers the property rights involved to the mortgagor, and the mortgagor enjoys the right to use in this process.
2. Mortgage originated from western countries and originally belonged to a legal relationship in Anglo-American legal system. Later, it was introduced into the mainland real estate market from Hong Kong more than ten years ago, which was first tried by Shenzhen Construction Bank in the local area, and then gradually became popular in the mainland. Because of its frequent appearance in the real estate field and its formal use in this paper, its meaning has gradually evolved into "mortgage loan", which has been officially called "mortgage loan for individual purchase of commercial housing" in China.
3. Housing mortgage loan refers to a loan that an individual pays a certain down payment when purchasing a property with a property right certificate, a house or a commercial house that can be traded in the market, and the rest is applied to a cooperative institution with the purchased property as collateral. To put it simply, when buying a house, you should pay a down payment, mortgage the house to the bank, pay the remaining house price with the mortgaged money, and then settle with the bank.
The difference between mortgage and mortgage
1. Mortgage means that the mortgagor (buyer) obtains the right to purchase commercial housing by installment. There are 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) before the full payment is made.
2. In addition, mortgage trading involves the debt relationship of three parties-that is, the relationship between 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 prepays part of the house purchase price; 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 house price to the developer, and the buyer pays the mortgage bank regularly until the "mortgage price" is paid according to the regulations, and the mortgage process is over.
4. Mortgage loan is the 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. 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-Property Ownership Certificate and Land Use Certificate.
In other words, before paying off the loan, the buyers don't really have the right to buy a house. If the repayment is not made on time, the bank can handle 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 mean?
Mortgage mainly refers to housing mortgage. After the buyer buys the property, he mortgages it to the bank, and the bank lends the money to the buyer, who can repay it on a monthly basis; Only after paying off the loan can the ownership of the house truly 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: To apply for personal loans, the following conditions shall be met: (1) The borrower is a People's Republic of China (PRC) citizen 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.
Loans: Loans granted by banks or other credit institutions to borrowers must be repaid within a certain period of time and 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 borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Loan repayment method
(1) Equal principal and interest repayment method: equal repayment every month, the sum of loan principal and interest. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;
(2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;
(3) Paying interest and principal on a monthly basis: that is, the borrower repays 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 bears interest on a daily basis and the interest is repaid on a monthly basis;
(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, which is generally an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.
(5) prepayment of all loans: that is, the borrower can repay all the loan amount in advance when applying to the bank, and the loan bank will terminate the borrower's loan at this time after repayment and handle the corresponding cancellation procedures.
(6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.
What is a mortgage loan? What does mortgage mean?
Many young people are advised to use mortgages when considering buying a car or a house. However, many post-80s and post-90s people don't know what mortgage means. So what is mortgage loan and where is it mainly used? Let's take a look with everyone.
In simple terms, mortgage means that the big property right of borrowing money to buy things is not in you, but in financial institutions. Only when you pay off all the mortgage, the property right of this thing is yours. In the process of mortgage, you can use your mortgage products. In other words, you want to buy other people's things, so you signed a loan contract and a mortgage contract. This thing doesn't belong to you until the money is paid back. You only have the right to use it. After paying off the mortgage, this thing will belong to you personally.
First, let's take a look at what a mortgage is. Mortgaging once is the Cantonese transliteration of English "Mortgage", which means taking real assets such as real estate or securities, contracts, etc. As collateral, get a bank loan and pay the principal and interest in installments as agreed in the contract. After the loan is paid off, the bank will return the collateral. Since the late 1980s, mortgage loans have gradually appeared in Chinese mainland from south to north. However, apart from the China Special Administrative Region, there is no provision on mortgage in the laws of People's Republic of China (PRC). The bank's definition of mortgage loan mainly refers to a loan business conducted by mortgage.
I often hear people say mortgage and mortgage, but there are still many people who are vague about what mortgage is and what mortgage is. So what's the difference between them? Taking buying a house as an example, the difference between the two is vividly illustrated. Mortgage loan is a way for buyers to borrow money from banks. Property buyers use the purchased property as collateral, sign a mortgage contract with the bank, and take the way of not transferring ownership as a guarantee to repay the loan to the bank on schedule. This loan also needs to pay interest to the bank. After paying off the principal and interest, the mortgaged house ownership certificate and land use certificate can be recovered.
In the specific operation process, it means that the mortgagor will transfer the property right to mortgage, and the beneficiary will be the mortgagor for repayment guarantee, and the mortgagor involved in the property right transfer will be established after paying off the loan, and the mortgagor will enjoy the right to use in the process.
In other words, you are not the owner of the house until you pay off the loan. Once you default, the bank has the right to dispose of your house. However, the mortgage loan is to obtain the ownership of the purchased house by installment. Although mortgage and mortgage are different in nature, they both achieve the purpose of ensuring debt performance by "pressing" the ownership of housing.
Knowing what mortgage is, we also need to know that mortgage, as a kind of mortgage loan, has its own risks for banks. As for the global financial risks 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 face huge credit risks. So it 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 is, you will know more about whether you meet the requirements and whether you want to own these things through mortgage loans when you buy a house or a car.
What does mortgage mean?
Mortgage 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:
"Measures for the Administration of Urban Real Estate Mortgage" Article 3 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 proceeds from the auction of mortgaged real estate according to law.
First of all, usually, bank loans need the following information:
1. Borrower's ID card; The account book of the borrower; Marriage certificate or unmarried certificate of the borrower; The borrower's bank is flowing.
2. The borrower's work certificate;
3. Other materials specified by the bank.
Second, the loan processing flow:
1. The borrower shall 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 examination of the borrower's information.
2. investigation. This is mainly to verify the borrower's information and see if the information is true. At the same time, the borrower's personal credit record will be checked to see if it meets the bank's loan requirements. After evaluating all aspects of the borrower, the bank will enter the examination and approval stage, and mainly decide whether to issue loans to the borrower.
3. Loan issuance. After determining that the borrower meets the loan requirements of the bank, the bank issues the loan, and finally the borrower can repay the loan according to the loan contract.
Three. Description of the loan:
A simple and popular understanding of a loan is to borrow money that needs interest. Loan is a kind of credit activity. Banks or other financial institutions that borrow monetary funds at a certain interest rate must repay them. Loans in a broad sense refer to loans, discounts, overdrafts and other loan funds. Banks meet the social demand for supplementary funds through loans and monetary funds, so as 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 loan policy of commercial banks is to ensure the coordination of their business activities. Loan policy is a general principle to guide all kinds of loan decisions. An ideal loan policy can support banks to make correct loan decisions and help them 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.
The loan method is the way for banks to 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 mortgage loans; 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.