Mortgage in a broad sense refers to any form of pledge (pledge is the mortgage of movable property) and mortgage; Narrow mortgage refers to transferring the property to the lender's name, and then transferring the property back to the borrower's (mortgagor's) name after the loan is paid off.
Classification of mortgage
Mortgage can be divided into existing mortgage loans and unfinished mortgage loans.
Mortgage of existing buildings means that borrowers borrow money to buy existing buildings and use the purchased existing buildings as collateral.
The mortgage of uncompleted flats is a mortgage loan provided by financial institutions to buyers who purchase uncompleted flats (buildings that are pre-sold in whole, in layers or units before completion) according to the purchase contract, with the borrower's rights as collateral.
The above contents refer to Baidu Encyclopedia-Mortgage.