When the lender grants a loan, the borrower must provide a guarantee  If the borrower fails to repay the principal and interest of the loan due, the lender has the right to deal with the mortgage or pledge according to law, or the guarantor shall bear the joint responsibility of repaying the principal and interest  Xiao Huang uses his own one
The property was mortgaged, and 400,000 yuan was borrowed from the bank, with Xiao Wang as the guarantor
If Xiao Huang cannot repay the principal and interest of the loan when due, then the bank will auction Xiao Huang's mortgaged property