Do mortgage and loan mean the same thing? What is the difference?

Mortgage and loan have different meanings. The difference is:

1. Conceptual differences between them

Mortgage loan refers to the behavior that after the purchaser pays the house price specified in the first installment, the loan bank pays the remaining house price on behalf of the purchaser and mortgages the purchased house to the loan bank as a loan repayment guarantee. After the borrower performs the debt and pays off the principal and interest, the property ownership will be recovered again. Generally speaking, the transferor of property ownership is the mortgagor and the transferee is the beneficiary of the mortgage.

The main difference between the two is whether there is a transfer of ownership in the process of lending, which also determines that their legal relationship and operation have different characteristics.

2. Legal differences between them.

Because mortgage will transfer ownership, but mortgage will not change all relations, so the legal status and rights of both parties are different.

As far as the purpose of borrowing is concerned, mortgage loan and mortgage loan are not exactly the same. Real estate mortgage usually refers to housing mortgage, and the scope of real estate mortgage is much wider. The goal of the mortgagor is often the same as that of the mortgaged property. The purpose of borrowing money is to buy a house and obtain the property right of the house.

Extended data

"Mortgage" refers to the use of real assets such as real estate or securities, contracts, etc. As collateral, obtain a bank loan and pay off the principal and interest in installments according to the contract. After the loan is paid off, the bank will return the collateral. Mortgage means that the mortgagor takes the mortgage beneficiary of property right transfer as the repayment guarantee. After the mortgagor pays off the loan, the beneficiary immediately transfers the property rights involved to the mortgagor. In this process, the mortgagor enjoys the right to use the property.

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 and interest subsidies? A general term for borrowing funds such as overdraft.

reference data

Baidu encyclopedia-mortgage

Baidu encyclopedia-loan