Mortgage-why so popular?Also have a certain value of collateral, banks are not willing to accept the car mortgages, but particularly favored mortgage, and now choose to apply for mortgage borrowers have become more and more. What, then, is what caused the mortgage so popular? small series to introduce today.
first, compared with real estate, cars are depreciating collateral, therefore accepting auto mortgage loans that banks need to take when the risk is high, and property devaluation rate is much slower than the car.
Second, the mortgage amount set visible property value, maximum amount of up to 70% of the real estate assessment value. If borrowers are required to apply for a line of credit is high, apply for a mortgage loan is a good choice.