Traditional Culture Encyclopedia - Traditional customs - What does "mortgage" mean?
What does "mortgage" mean?
The so-called house mortgage means that when buying a house, the buyer only pays a certain amount of house down payment, and then mortgages the house to the loan bank with the house as collateral, and the funds obtained from the mortgage are used by the buyer to pay the remaining house payment, and then the buyer settles with the loan bank.
the mortgagor transfers the property right to mortgage, and the beneficiary is the repayment guarantee. After the mortgagor pays off the loan, the beneficiary immediately transfers the property right involved to the mortgagor, and the mortgagor enjoys the right to use the house in the process.
- Previous article:When was Shanghai built?
- Next article:What is the history of garment processing?
- Related articles
- Shehuo performance time
- New Year's Eve hair circle 27 exquisite copywriting, festive and advanced!
- What does traditional Chinese culture refer to?
- Rural environment improvement program model
- China Idiom Complete Collection?
- Happy new year English poster-English poster about the spring festival
- Writing skills of four wonderful books in Ming Dynasty
- In 2022, the legendary mobile game that can move bricks ranked first and ranked the hottest legendary game.
- The concept of new energy
- The Germans all say to go with the triple fork for knives, and the Chinese guides over here just say to buy the billet, but if you don't look at the price it's better to buy the triple fork! Good tang