1. Lender's application:
The borrower goes to the loan bank to fill in the Application Form for Individual Housing Loan;
2, the loan bank review:
The loan bank examines the borrower's loan application and other supporting materials, issues a loan commitment letter after passing the examination, and signs a mortgage contract with the borrower;
3. The borrower signs a house purchase contract with the selling unit:
The borrower signs the purchase contract with the selling unit with the loan commitment letter issued by the loan bank, and requires the selling unit to sign the purchase contract.
4. The Borrower handles mortgage insurance:
The borrower holds the purchase contract to the insurance institution designated by the loan bank to handle the insurance of the mortgaged house;
5. The borrower signs a personal housing mortgage loan contract with the loan bank:
The borrower holds the house purchase contract, mortgage contract, custody contract and insurance policy, and together with the third-party guarantor, signs the Personal Housing Mortgage Loan Contract with the loan bank, and goes through the mortgage registration with the real estate management authority within 30 days. If the parties request notarization, they can go to the notary office for notarization.
6. Loan bank transfer:
The loan bank will transfer the loan to the deposit account of the selling unit specified in the purchase contract for mortgage guarantee.
Legal basis: Article 25 of Measures for the Administration of Urban Real Estate Mortgage.
When real estate is mortgaged, the mortgage parties shall sign a written mortgage contract.
Article 30
Within 30 days from the date of signing the real estate mortgage contract, the mortgage parties shall go through the real estate mortgage registration at the real estate management department where the real estate is located.