Against the backdrop of today ' s high housing prices, many people have chosen to borrow from banks to buy property, but some are still concerned that if they owe them, they can repay the mortgage. This issue needs to be analysed from multiple perspectives。

Can you mortgage a bank loan for a house

First, in accordance with China ' s Contract Law, the contract for the loan between the bank and the purchaser for the house is a legally valid contract, and the principal of the loan, interest, etc. owed by the purchaser to the bank must be repaid in full during the time agreed in the contract. If the buyer is unable to pay in time, the bank has the right to recover the arrears through legal means and even through court enforcement, including the seizure and seizure of other property in the name of the buyer。

Second, mortgage loans are essentially based on a combination of factors, such as the credit rating of the buyer, in which the bank determines whether the loan is granted and the amount of the loan, and requires the buyer to repay the principal and interest in accordance with the terms agreed upon in the agreement. If the buyer owes the bank a loan, the bank can not only recover the arrears through legal means, but also cancel the loan for which the buyer has not paid its principal, the house of the buyer will become bank ownership and the buyer will lose ownership。

Finally, the repayment of mortgages for the purchase of housing on loan to the bank also needs to take into account the impact of the credit position of the buyer on bank loans. If the buyer defaults, the bank will submit the information to the individual credit institution, which will give the regulatory measures. As a result, bank loans to buy a house and mortgage repayments will have a significant impact on the personal credit ratings of home buyers, which may affect future loan applications。

Thus, in sum, bank loans are not repayable. Buyers are advised to take full account of their repayment capacity before buying a home, to make repayment plans, to ensure that they are repaid on time and in a timely manner, and to maintain a good reputation, so that they can have more choice in future financial consumption。