After confirming that the property you choose has bank mortgage support, buyers should learn about the bank's regulations on obtaining mortgage support from the bank or the law firm designated by the bank, prepare relevant legal documents, and fill out the mortgage application.
2. Sign a house purchase contract
After receiving the relevant legal documents of the mortgage application submitted by the buyer, the bank will issue a loan consent notice or a mortgage loan commitment letter to the buyer after confirming that the buyer meets the mortgage loan conditions. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
3. Sign a mortgage contract
After signing the purchase contract and obtaining the payment voucher, the purchaser signs the Building Mortgage Loan Contract with the developer and the bank with the relevant legal documents stipulated by the bank, so as to specify the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
Extended data
When the average capital loan is used to buy a house, the calculation formula of the monthly repayment amount is:
Monthly repayment amount (monthly principal and interest) = monthly principal+monthly interest
Monthly principal = principal/repayment months
Monthly interest = (principal-total accumulated repayment) x monthly interest rate
Calculation principle of average capital interest rate: the amount of principal returned every month is always the same, and interest will decrease with the decrease of remaining principal.
Hainan Provincial People's Government-How about a loan to buy a house? Mortgage to buy a house process