When mortgaging movable and immovable property, it is necessary to apply to the local government registration authority for mortgage, register the property mortgage, and obtain approval before mortgage loan can be made.
Extended data:
Mortgage investment is risky:
The biggest risk for banks is that it is difficult to control consumers' use of loans. Banks have restrictions on the use of loans, such as decoration, study abroad, medical care, wedding, and the purchase of large household durable consumer goods; As a consumer loan, banks do not allow consumers to invest in stocks and buy funds with loans, because investment is risky, and once it fails, it is difficult to repay bank loans.
However, because it is difficult for banks to restrain many consumers, there may be a risk that lenders will not be able to repay their loans because they use the loans for investment, so they can only auction the real estate, and the proceeds from the auction may not be able to pay off their debts.
For consumers, the main risk is that the repayment pressure is relatively high. Because compared with ordinary second-hand housing mortgage loans, the longest term is 30 years, and the maximum proportion is 80%. The loan term of mortgage consumer loans is generally 10 year, and the longest term is 15 year.
The maximum loan ratio is 70%, the loan term and loan ratio are low, second-hand housing loans can enjoy preferential interest rates, while mortgage consumer loans can only use the benchmark interest rate, which means that lenders have greater repayment pressure.
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