Article 5 of the Measures for the Administration of Mortgage Loan stipulates that the maximum loan amount is 70% of the house appraisal. The real estate license loan is a mortgage loan. Although you can apply for a loan, if you want to apply for a loan through the real estate license, you must obtain the consent of the holder and the owner and handle it together. In addition to the value of the house, the loan amount is also closely related to your repayment ability and credit history.
The bank determines the loan amount according to your repayment ability. Before determining the mortgage loan amount, the house price must be evaluated first. This appraisal is conducted by a professional appraisal company, and there are many factors that affect the appraisal value, such as location, age, area, old and new degree, etc. With the appraisal price, banks will generally mortgage 70% of the appraisal value, that is, you can borrow up to 70% of the house value.
What are the conditions of real estate mortgage loan?
1, legal identity is required;
2, need to have a stable economic income and the ability to repay the loan principal and interest, and no bad credit record;
3. Need to have a legal and effective purchase contract;
4. If the newly purchased house is used as a high mortgage, it must have a legal and effective purchase contract, the age of the house is within 10, and a down payment of not less than 30% of the total price of the purchased house has been prepared or paid; ;
5. The mortgage loan has been purchased and handled, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the ownership certificate, and the age of the house is within 10 years;
6. Being able to provide effective guarantee recognized by the loan bank;
7. Other conditions stipulated by the lending bank.
8. The collateral of mortgage loan is your house;
9. You need to have a regular job to repay the loan;
10, find more commercial banks such as China Merchants Bank and Development Bank, which may have lower requirements for your income threshold;
1 1. The loan amount is 50% of the amount assessed by the bank. The appraisal is conducted by an appraisal company designated by the bank. The evaluation value is generated according to the age of your house, ancillary facilities, the degree of residential projects and other related factors. Generally, the evaluation price will be lower than the market price of the house, because banks should control risks.