The mortgage loan process

Bank mortgage loans refer to loans to certain collateral as guarantees to obtain bank loans. It is a kind of Bank lending, foreclosures typically include securities, bonds, stocks, real estate, as well as bills of lading, warehouse receipts or other documentation that proves ownership of articles. The maturity of the loan, the borrower must return, otherwise the Bank is entitled to deal with the collateral, as a kind of compensation.

Bank mortgage loan of general process following by shows:

1, and borrowing people proposed mortgage loan application, issued related information;

2, and Bank for property assessment, and loan Qian survey, and approval;

3, and if approval through, borrowing people to Bank handle mortgage registration procedures;

4, and Bank issued loan, borrowing people by contract regularly returned loan principal and interest;

5, and loan principal and interest settled, Bet mortgage borrowers housing withdrawal procedures.