If you plan to supervise the funds through China Merchants Bank and apply for mortgage loan, the loan bank will provide you with a China Merchants Bank account, and you can transfer the supervision funds to this card.

Did the bank directly pay the developer the money for buying a house after the loan came down?

When the house purchase loan comes down, the bank will directly pay the house purchase money to the developer. Property buyers open a special repayment account in a financial institution designated by the bank and sign a power of attorney. Banks require buyers to apply for life insurance, and according to the contract, authorize the institution to pay the loan principal and interest and arrears of bank and mortgage contracts from the account.

Usually, due to the relatively long term of mortgage loan, you should learn about the bank's regulations on mortgage loan support for buyers from the bank or the law firm designated by the bank to ensure the smooth acquisition of mortgage loan.

Property buyers prepare relevant legal documents, fill in the mortgage application, and confirm the interest rate, repayment method and other rights and obligations after the selected property is supported by the bank mortgage. Property buyers, developers and banks shall go through mortgage registration and filing procedures with the real estate management department on the basis of the housing mortgage loan contract and the purchase contract.

Before the principal and interest of the loan are paid off, the insurance policy is entrusted to the bank and a sales contract is made. We should pay attention to this aspect when choosing real estate. After the buyer signs the house purchase contract and obtains the proof of paying off the house price, he will sign the house mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and specify the loan amount and term.

If the buyer wants to obtain mortgage services, he will send a loan consent notice or a mortgage commitment letter to the buyer after reviewing and confirming that the buyer meets the mortgage loan conditions. Property buyers can sign pre-sale contracts with developers or their agents, and after signing the mortgage loan contract, property buyers will fulfill their obligations under the mortgage loan contract.

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.

The process of buying a house with mortgage loan. For faster houses, changes should be made after the mortgage registration is completed. Bank loan to buy a house to prevent loan risk refers to the loan business in which the buyer applies for a loan from the bank with the building in the house transaction as collateral to pay the house purchase price, and then the buyer pays the principal and interest to the bank in installments. Also known as mortgage loan.

Extended data:

The process of buying a house with a bank loan:

1. Provide consultation, accept applications and conduct pre-loan investigation;

2. Loan approval;

3. Loan issuance;

4. Loan recovery;

5. Post-loan management.

Materials to be submitted for bank loan to buy a house:

1, which proves that all or part of the down payment has been paid;

2. Proof of the borrower's repayment ability;

3. Original and photocopy of the contract, agreement or letter of intent for purchasing second-hand houses;

4. Legal and valid identity documents of the borrower: resident identity card, household registration book, military officer's card or other valid residence permit;

5. The borrower and/or spouse have the right to inquire about the authorization documents of the personal credit information system of the People's Bank of China;

6. The leased property must provide a certificate of change in the leased rights and interests;

7. A copy of the current passbook of China Bank in the borrower's own name for capital contribution;

8, the transaction of housing "real estate value assessment report";

9. Other supporting documents or materials required by the lender.