In today’s social economy, which is developing very rapidly, people’s concept of consumption has also begun to change. More and more people have acceptable ideas about loans, but there are many specific choices about which loan to choose. No one understands it particularly well. However, now some people will mortgage their houses to apply for loans. So, what is the process of house mortgage loans? Which bank is best for real estate mortgage?

What is the home mortgage loan process?

1. Submit a loan application to the bank: the content should explain the purpose, amount and term of the loan, etc.

2. Submit loan information: If you are applying for a housing mortgage loan as an individual, you need to provide the following information: borrower's ID card, statement of record for the past six months, work certificate, credit report, house ownership certificate, etc. If a company needs to mortgage real estate, the materials that should be provided include: company business license, company articles of association, company capital verification report, purchase and sale contract, turnover of the past six months, last year's annual financial statements and financial statements of the past six months, asset certificates, etc.

3. House inspection and evaluation: After all the above materials are submitted, the bank will conduct on-site inspection and evaluation of the mortgaged property.

4. Loan application: The housing appraisal company will submit the appraisal report or survey opinion to the bank for approval.

5. Sign a loan contract: The borrower and the lending institution sign a loan contract and all related documents, sign and stamp, and the notarization will be notarized.

6. Mortgage registration procedures: The bank will go to the real estate office to handle the mortgage registration procedures with the house ownership certificate and the notarized loan contract.

7. Bank lending: Due to different regulations of each bank, they will lend funds in the form of cash, card or remittance to cooperative merchant accounts.

Which bank is best for real estate mortgage?

1. Home mortgage loans are often what we do when we continue to use money. In fact, there is no good or bad home mortgage loan. The important thing is to meet your current needs. Although some banks have Mortgage loans are cost-effective, but not most people can apply for them. It mainly depends on whether you meet the conditions and which bank can lend you a loan. Therefore, the one that suits you is the best.

2. The base interest rate is uniformly stipulated by the central bank. Each bank has its own policies that affect some preferential conditions, such as a 10% or 15% decrease. However, the base interest rate is the same, and mortgage loans are generally Starting from the base interest rate, most rates increase by 10%, but everyone's qualifications are different.

3. So let’s talk about preferential interest rates. If your economic income is very stable and considerable, and you have some large assets, such as stocks, funds, cars, houses, large deposits, etc., or you have prepared VIPs with the same loan may have a downward trend.

The above article is all the information about the home mortgage loan process and which bank is easier to apply for property mortgage. I believe it can help friends in need. We must apply for a house mortgage loan in accordance with the prescribed procedures. When applying for a mortgage loan, we still have to compare several banks to find the best deal.