23 Jul 2008

What is the mortgage loans

What is the mortgage loans »
"Mortgage" refers to the popular sense of commercial housing purchased by mortgage loans. It refers to mortgage the property will be purchased in the mortgage property rights transfer beneficiaries (banks) as a repayment guarantee, repayment, the mortgage will be the beneficiaries of property rights transfer the property to the mortgage people. Specifically, the loan is purchased by the buyers to the property as collateral to obtain loans from banks, mortgage buyers in accordance with the provisions of the contract in return for payment to the way banks and the banks by certain interest rate The charging of interest. If the loan default, the banks have the right to go to housing.

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