First, the second-hand housing era
The age of the house directly affects the life of the mortgage. When buying a second-hand house, you must pay attention to the age of the second-hand house. Generally speaking, the loan period for buying older second-hand houses is relatively short, and most old houses in urban areas belong to this category.
Because the house is older, the actual value evaluation will be more cautious. If the house is over 20 years old, the bank is likely to refuse the loan directly. If the age of the house is less than 10 years, such as a second-hand house, and it is the only second-hand house with 5 years, it is easy to get a longer loan term, generally reaching more than 20 years.
Second, the term of land use
Land use period and house age are not the same thing. We usually say 70 years, 40 years refers to the land use period. The starting time of the land use period is the time when the developer takes the land, and the age of the house is calculated from the date of delivery by the developer. Usually, the house age is shorter than the land use life. Some banks also have regulations on the term of land use, requiring that the loan period should not be greater than the term of land use.
Third, the status quo of provident fund deposit
If property buyers choose a low loan interest rate, if high-income people choose a long loan term, they are actually occupying loans to buy a house. But in fact, considering the borrower's repayment ability, the bank will require that the sum of the loan period and the borrower's age should not exceed a certain period, usually 60 or 65 years.
Extended data:
Second-hand housing loan refers to the loan business in which the buyer uses the house traded in the secondary housing market as collateral, applies for a loan from the bank to pay the purchase price, and then the buyer pays the principal and interest to the bank in installments.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.
range
It refers to loans granted by banks in China to individuals for purchasing second-hand houses.
Applicable object
/kloc-a natural person aged 0/8-60 with full capacity for civil conduct;
Have a stable occupation and income, repayment ability and good credit record;
Self-raised house payment (down payment) shall not be less than 20% of the house payment.
loan limit
The loan amount is not higher than a certain proportion of the actual transaction price of real estate and the bank's approved evaluation price. The specific proportion is determined by the local bank branch according to the national housing credit policy and the credit status of the loan applicant.
deadline
The loan term shall not exceed 30 years, and the sum of the loan term and the borrower's age shall not exceed 65 years.
loan rate
The loan interest rate fluctuates in proportion on the basis of the commercial loan interest rate of the same grade in the same period announced by the People's Bank of China. The specific floating ratio is determined by the local bank branch according to the national housing credit policy and the credit status of the loan applicant.
The People's Bank of China decided to raise the benchmark interest rate of RMB deposits and loans of financial institutions from April 6, 1965. The benchmark interest rates for one-year deposits and loans of financial institutions were raised by 0.25 percentage points respectively.
References:
Baidu encyclopedia-second-hand housing loan