1. Choose a lending institution

If you want to apply for a home mortgage loan, you should first choose a good lending institution. Although bank loan interest rates are low and safe and reliable, its approval speed and Loan requirements have also been a sticking point.

2. Write an application and submit materials

After selecting an institution, you can submit the application with the materials required by the applying institution. The borrower needs to prepare: valid identity documents, household registration books, and marriage certificates of the borrower and his or her spouse; proof of personal income; proof or statement of the purpose of the loan; proof of ownership of the mortgaged property; and other documents or information required by the lending institution.

3. Preliminary review

The bank will conduct a preliminary review. At this stage, we basically have nothing to do. The loan will conduct a preliminary review of the basic materials we submitted before, and the review conforms to their requirements. requirements.

4. Appraisal

General lending institutions, especially banks, require an appraisal by a designated or recognized appraisal agency. An appraisal fee will be charged during the appraisal, usually between three thousandths and one thousand. Approximately five-fifths of the total is charged using a progressive differential rate method (that is, charging levels are divided according to the original book value of the property being evaluated, the charges are calculated in different levels, and each level is added up to obtain the total assessment fee). The charges may not be the same for different companies. , In addition, the charging standards in different regions are also different.

5. Approval of loan and signing of contract

The lending institution will conduct another review based on the previously submitted materials and evaluation report. If approved, the loan amount, interest rate, and term will be communicated to you. , repayment methods and other issues. After the communication is complete, you can sign the contract.

6. Apply for mortgage registration

Mortgage registration is done at the housing authority where the house is located. The materials that need to be prepared include: applicant’s identity certificate, marital status certificate, housing registration application form, House ownership certificate or "Real Estate Rights Certificate" (some houses must also submit proof that other owners agree to the mortgage), state-owned land use certificate, mortgage contract and principal creditor's rights contract, and other necessary materials.

7. Loan

The last step is to wait for the bank to lend.

What conditions must be met for real estate mortgage loans?

1. Have a legal identity;

2. Have a stable economic income and the ability to repay the principal and interest of the loan , no bad credit record;

3. Have a legal and valid house purchase contract;

4. If the newly purchased house is used as the maximum amount of mortgage, there must be a legal and valid house purchase contract. be less than 10 years old, and have prepared or paid a down payment of no less than 30% of the total price of the house purchased;

5. If a house has been purchased and a mortgage loan has been applied for, the original house mortgage loan has been The repayment is more than one year old, the loan balance is less than 60% of the value of the mortgaged house, and the house used as mortgage has obtained the house ownership certificate, and the house is less than 10 years old;

6. Can provide approval from the lending bank Effective guarantee;

7. Other conditions stipulated by the lending bank.