Let's learn about the real estate mortgage process. First, real estate mortgages, in general, are secured by real estate or business equipment。

Real estate mortgage process as follows:

This process begins with the signing of a contract of sale in which the seller and the buyer arrange for the first payment of the house, the loan, the amount of the final payment, etc., including how and when to pay。

The next step was to submit a loan application to the bank, and the borrower would, of course, need to have complete and genuine information to do so. The bank needs this information to make an impartial assessment of the borrowing。

The next step is to assess the property, as banks need to ensure the true value of the collateral. This link determines, inter alia, the amount of the loan that the borrower finally received。

Upon completion of the real estate assessment, if the borrower has successfully passed the bank's audit, the next step is the signing of the loan agreement and the processing of procedures such as notarization and insurance。

Finally, the borrower is required to register the transfer and mortgage at the trading centre where the house is located, and it is time to go to the bank to receive the loan. As long as the repayments are on schedule, everything is done。

As to whether the mortgage requires a guarantor, it depends on the requirements of the lending institution. If the guarantor is required, the user must provide it or, if not, not. Normally, the loan institution will determine whether the guarantor is required on the basis of the personal credit information of the loan applicant。