Second-hand house loan transaction scam prevention

1. Under normal circumstances, when applying for a second-hand house mortgage, both parties to the transaction should apply before going through the transfer procedures, and then apply after going through the transfer procedures. , which will cause the risk of failure of the transaction. When approving a personal housing loan, the bank not only investigates the buyer's financial situation and ability to repay, but also requires both parties to provide an appraisal report of the house, and determines the loan amount by taking the lower of the appraisal price and the transaction price. The buyer needs to pay no less than 30% of the down payment, and the loan term is also determined based on factors such as the age of the house. Failure of both buyers and sellers to understand these aspects may lead to transaction failure.

2. When applying for a second-hand house loan, you need to complete the transfer procedures and change the name of the property owner from the seller to the buyer before you can apply for a loan using the property as a mortgage. Under normal circumstances, before going through the transfer procedures, the down payment paid by the buyer should be deposited into the account of the real estate transaction agency designated by the bank and frozen by the bank. This can avoid the situation where the buyer maliciously delays the mortgage procedures and the seller There are also risks such as delays in receiving the final payment from the sale of the house, or delays in the seller receiving the down payment but not completing the house transfer procedures.

3. If you only have a purchase contract and invoice, but do not have a property ownership certificate, try not to buy a house. Otherwise, you may not be able to apply for a property ownership certificate due to problems with the developer.

Notes on loan to buy a house 1. Do not use provident fund before borrowing

If the home buyer plans to apply for provident fund loan to buy a house, then do not use the provident fund account balance before borrowing, because the provident fund loan limit is different from the provident fund loan limit. The balance of your provident fund account has a lot to do with it. If your account balance is zero, don't even think about applying for a provident fund loan.

2. Keep the loan contract properly

Some borrowers will put the loan contract on hold after receiving the loan, but this will cause trouble for themselves. The loan contract is legally binding and is the most powerful evidence if a dispute arises in the future.

3. Don’t forget to go through the mortgage release procedures after the loan is settled.

Many home buyers think that as long as the loan is settled, they will be done! But that's not the case. After the borrower has settled the mortgage, he must bring his valid identity document, loan contract, loan settlement certificate and other materials to the original mortgage registration department to go through the mortgage release procedures. Only after completing the procedures will the house truly belong to him.