1. First, both parties sign a loan contract, and then go to the notary office for notarization. The legal effect of this contract;

2. Secondly, within 30 days after the signing of the mortgage loan contract, both parties shall go through the mortgage registration formalities at the housing management department with the loan contract and notarial certificate; At this time, the lender needs to provide materials such as property right certificate. At this time, houses with unclear property rights and unclear housing ownership can be filtered out, which is a great protection for creditors.

3. After mortgage registration, if there is a loan repayment dispute between the two parties in the future, the creditor has the priority to be compensated for the mortgaged property.

It is worth noting that in the general private lending behavior, creditors rarely realize that collateral is written into the loan contract. Secondly, even if someone is aware of this problem, only a few people know that they have to go through the formalities of mortgage guarantee and so on. This house belongs to real estate. According to the provisions of China's property law, if buildings are used as collateral, mortgage registration should be handled.

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