Types of mortgages, what are the categories of mortgages?

Mortgage loan refers to the borrower with a certain collateral as a guarantee of goods to the bank to obtain a loan. It is a form of bank lending, collateral usually includes securities, bonds, stocks, real estate, as well as goods bills of lading, warehouse receipts or other documents that prove ownership of goods. When the loan is due, the borrower must return the loan in full, otherwise the bank has the right to dispose of the collateral as a form of compensation. Mortgages are divided into two types: maximum mortgage and traditional forms of mortgage. Maximum mortgage, which refers to the agreement between the mortgagor and the mortgagee to use the collateral to secure the claims that occur consecutively within a certain period of time within the limit of the maximum amount of the claim, is a new mortgage system different from the traditional mortgage system, which is different from the traditional mortgage system in the following ways:

(1) the claim secured by the maximum mortgage is an indeterminate claims;

(2) the claims secured by the ceiling mortgage are usually future claims;

(3) the ceiling mortgage must be predetermined to maximize the additional burden;

(4) the ceiling mortgage does not transfer with the transfer of the main claim. Although the maximum limit mortgage has more independence than the traditional mortgage, but the maximum mortgage is still a collateral, the establishment of the way, the effect and the traditional mortgage is not essentially different. Classification of mortgage loans: I. Small personal mortgage loans, mainly depository receipt as a pledge, not more than 95% of the face value of the depository receipt. Second, individual housing loans: individual commercial loans; individual provident fund loans; individual portfolio loans. III. Personal automobile consumer loans. IV. Personal consumer durables loans. V. Individual consumer loans. Sixth, individual small credit loans.