Buying second-hand houses can be mortgaged. Mortgage loan refers to a loan business carried out by mortgage. For example, housing mortgage loan is a personal housing loan business in which buyers use the purchased housing as collateral and the real estate enterprises that purchase housing provide regular guarantee. The so-called mortgage means that the mortgagor transfers the property rights of the house to the mortgagor, and the beneficiary, as the repayment guarantor, transfers the property rights involved to the mortgagor immediately after the mortgagor pays off the loan, and the mortgagor enjoys the right to use in this process.
The specific procedures for property buyers to apply for real estate mortgage are as follows:
(1) Property buyers who want to obtain real estate mortgage loan services should pay attention to this aspect when choosing real estate. When buyers learn in advertisements or through the introduction of sales staff that some projects can apply for mortgage loans, they should further confirm whether the real estate developed and built by developers has obtained the support of banks to ensure the smooth acquisition of mortgage loans.
(2) After confirming that the selected property is supported by bank mortgage, the buyer applying for mortgage loan should know about the bank's regulations on mortgage loan support for buyers from the bank or the law firm designated by the bank, prepare relevant legal documents and fill in the mortgage loan application form.
(3) The bank that signed the house purchase contract receives the relevant legal documents of the mortgage application submitted by the purchaser, and after confirming that the purchaser meets the mortgage loan conditions through examination, it will issue a loan consent notice or a mortgage loan commitment letter to the purchaser. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
(4) After signing the house purchase contract and obtaining the payment voucher, the buyer will sign the Building Mortgage Loan Contract with the developer and the bank with the relevant legal documents stipulated by the bank, specifying the rights and obligations such as the amount, term, interest rate and repayment method of the mortgage loan.
(5) Handling mortgage registration. Insurance buyers, developers and banks shall handle mortgage registration and filing procedures with the real estate management department on the basis of the Building Mortgage Loan Contract and the House Purchase Contract. If the auction house is delivered, the mortgage registration shall be changed after completion. Usually, due to the relatively long term of mortgage loans, banks require buyers to apply for life and property insurance to prevent loan risks. Property buyers should list the bank as the first beneficiary when purchasing insurance, and the insurance shall not be interrupted during the loan performance, and the insurance amount shall not be less than the total value of the collateral. Before the loan principal and interest are paid off, the insurance policy is handed over to the bank.
(6) After the signing of the mortgage loan contract, the buyer opens a special repayment account in the financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the bank's loan principal and interest and the arrears related to the mortgage loan contract from this account. The bank is confirming that the buyers meet the mortgage loan conditions and fulfill the obligations stipulated in the building mortgage loan contract. After handling the relevant formalities, the loan will be transferred to the bank supervision account opened by the developer in the bank as the purchase money of the purchaser.