Now I want to consult the real estate enterprise loan contract guarantee. Why do you need a guarantee?

Housing home purchase guarantee company is the product of adapting to the innovation of the above-mentioned housing loan guarantee method. According to the provisions of the Measures, housing home purchase guarantee refers to a civil legal act of applying for a housing loan for the borrower, signing a guarantee contract with the lender and providing joint and several liability guarantee when the borrower (purchaser) cannot meet the requirements of the lender (bank) to provide guarantee. Real estate enterprise loan contract guarantee, when the borrower applies for guarantee, the guarantee company charges the borrower a certain amount of guarantee fee, and requires the borrower to use the purchased commercial house as collateral. When the borrower fails to repay the loan owed to the bank as scheduled for some reason, the guarantee company shall be jointly and severally liable for repaying the loan.