Loan guarantees | Pro Laywers

By way of four kinds: mortgage, pledge, guarantee, mortgage and guarantee.
1, mortgage guarantee
Borrowers to purchase their own housing as collateral loans, housing must be for the full value of mortgage loans; to the real estate as collateral, creditPersonal loans business consulting
The mortgagor and mortgagee shall sign a written contract of mortgage borrowers to mortgage property; in the mortgage period must be properly kept, responsible for the repair, maintenance, the responsibility to ensure intact, and ready to accept the supervision and inspection of the lender. To set collateral, the collateral before the expiration date, the lenders will be allowed to dispose of; the mortgage period, without the consent of the lender, the mortgagor may mortgage collateral or leased again, transfer, sale, gift.
2, pledge
To take a pledge form, quality and zhiquanren must sign a written pledge contract, terminate the contract pledge to repay the loan a borrower repaid all; to set quality materials, in the pledge before the expiration date, the lenders will be allowed to dispose of. During the period of pledge, pledge if any damage, loss, the lender shall bear the responsibility for compensation.
3, guarantee
Borrowers can not provide full collateral (pledge), should have a lender approved third party shall bear joint and several liability guarantee. That is a legal person, must have the ability to repay the loan principal and interest on behalf of all, and in the bank to open a savings account. That is a natural person, the principal has a fixed source of income, with adequate compensatory capacity, and loans in the banks have a certain amount of margin; the guarantor and the creditor shall enter into a written guarantee contract. The guarantor is changed, the change shall be in accordance with the provisions of security procedures, is not approved by the lender, the guarantee contract may not be revoked.
4, mortgage and guarantee
Refers to the lenders have not yet obtained the foundation buys the house property right in the borrower, require the borrower to provide for repayment ability of the third party liability guarantor as collateral for loans to borrowers of loans and. At present, the general requirements for the purchase of housing developers as a guarantor.