During the validity of the contract, the guarantor does not need to sign again. Mortgage loan is to mortgage one's own property ownership to a bank for financial borrowing. The main contract has not expired during the loan period, and the guarantor does not need to sign it again.

I. Bank mortgage loan

Bank mortgage, as its name implies, is a financial means for borrowers to mortgage loans with their own goods or securities. Mortgage loan is the most commonly used loan method for banks in various countries at present. Mortgage loan requires the lender to provide collateral with certain value as collateral for financial loans to ensure that the loans can be repaid after maturity.

Two. Collateral and guarantor

The collateral of the general borrower's mortgage loan in the bank should be easy to sell, but not easy to wear and tear. The most common are automobile mortgage and real estate mortgage loan, marketable securities and certificates of deposit loan. When the mortgage appraisal provided by the mortgagor can't meet the loan amount, a third-party guarantor needs to sign the guarantee on the spot, and the bank also has conditions for the guarantor, such as social status and self-owned assets.

Three, the mortgage contract within the validity period, the guarantor has a certain guarantee risk.

The guarantor of the mortgage contract confirms the guarantee contract at the initial stage of the loan and does not need to sign it again during the performance of the main contract. However, if the principal borrower fails to repay the loan on time during the performance of the contract or the collateral provided by the borrower cannot completely cover the loan amount, the guarantor needs to undertake the repayment obligation of the loan when the loan contract expires.

abstract

During the performance of the main contract of the bank mortgage contract, the guarantor does not need to sign again for confirmation. If the borrower needs to borrow again after prepayment during the performance of the contract, the guarantor needs to sign again for confirmation. Bank mortgage loans usually don't need a guarantor. Under special circumstances, the bank will choose whether it needs the guarantor's signature, and the number and time of the guarantor's signature confirmation according to the borrower's basic situation.