What is the difference between a loan and a mortgage?

Mortgage loan is a home buyer after paying the first installment of the required housing price, the lending bank on behalf of the rest of the purchase price, the purchased house will be mortgaged to the lending bank as a repayment of the loan fulfillment of the act of security. The borrower fulfills the debt, pays off the principal and interest, and then reclaims ownership of the property. Generally referred to as the transferor of property ownership for the mortgagor, the transferee for the mortgage beneficiary. It can be seen that in the process of mortgage lending, the mortgage beneficiary becomes the owner of the property by assignment, and the basic feature of the mortgage is that a transfer of ownership occurs. \x0d\ A real estate mortgage is an act in which the mortgagor provides security for the performance of a debt to the mortgagee by means of his legal real estate without transferring possession. That is, the mortgage is not transfer of ownership as a prerequisite, and the mortgagor creates a mortgage on the mortgaged real estate as a restrictive property right. In this behavior, the debtor is the mortgagee and the creditor is the mortgagee. Once the debtor fulfills the debt and pays off the principal and interest, the owner obtains full title. \x0d\ The main difference between the above two is whether the transfer of ownership occurs during the lending process, which also determines the legal relationship between the two as well as the operation of the different characteristics.　　The legal difference between the two \x0d\ As mortgage loans have to produce a transfer of ownership while mortgages do not change the ownership relationship, the legal status and enjoyment of rights and interests of the two parties are different. Mortgage, the mortgage beneficiary through the transfer of ownership to become the owner, enjoy the ownership of the collateral, the mortgagee is only on the collateral of other property rights; mortgage process does not occur in the transfer of ownership, the mortgagee still retains the ownership of the collateral, the mortgagee is a non-owner of the collateral only enjoys the right to mortgage, i.e., the dominant right of the collateral.　　The difference between the two in operation and purpose \x0d\ The basic purpose of mortgage security in borrowing is to ensure the fulfillment of the debt, once the debtor is unable to fulfill the debt, the proceeds from the sale of the collateral can be used to ensure the realization of the creditor, in this regard, mortgage loans and mortgages are basically the same. \x0d\ In terms of the purpose of borrowing, mortgage loans and mortgages are not exactly the same. Real estate mortgage loans usually refer to home mortgages, while real estate mortgages are much broader in scope. The mortgagor's goal is often the same as the mortgage, and the purpose of the borrowing is to acquire a home and obtain equity in the home. The mortgagor, on the other hand, takes out a mortgage when he already has title to the real estate being mortgaged, and his purpose is not to borrow for the mortgage but for some other purpose. This difference is reflected in the degree of operation and shows the difference in the operation of the two types of loans. \x0d\ Real estate mortgages should be handled on the basis of land use right certificates and house ownership certificates, and the basic procedure is to apply for other right certificates on the premise that the mortgagor first obtains the title certificate, and holds the other right certificate as collateral against the title certificate. Mortgage, on the other hand, is carried out in the case where the mortgagor has not yet obtained the title certificate, generally the first to apply for the other right certificate as collateral security, the property right in the payment of the purchase price, the real estate development unit to transfer to the beneficiary of the mortgage, the title certificate is held by the mortgagor. \x0d\ Furthermore, mortgages and mortgage loans involve different parties. Mortgage loans generally involve two parties: the mortgagor and the mortgagee, generally do not need a guarantor, is simply "borrowing money in kind". Mortgage loan is in the mortgagee and mortgage beneficiaries are not home ownership, the need for the original owner or owner as an intermediary, in order to realize the money, things, the right to separate the state of the operation.