What are the procedures for private mortgage loans?
It is not difficult to understand that private property mortgage loan is a way to borrow money from people, not from banks, but from individuals, or from individuals to enterprises, with their own or third-party property as collateral. Funds can be used for operation, business turnover or other consumption. In addition, it should be noted that the property you own can still have the right to use the house, including living, operating or renting. Among them, the procedures of private mortgage loans generally have the following points:
(1) Apply for a loan. The purpose, amount and duration of the loan proposed by the borrower to the financial institution. If the loan application meets the loan scope of this financial institution, then you need to prepare the corresponding information.
(2) Prepare loan information (different materials will be provided according to different banks). Generally speaking, if it is a personal mortgage loan, you need to provide your own and your spouse's ID card, household registration book, income certificate, corresponding personal consumption contract, marital status certificate and house ownership certificate. If the enterprise needs to mortgage the real estate, the materials to be provided include: three certificates, account opening permit, articles of association, enterprise capital verification report, purchase and sale contract, running water of the last six months, financial statements of the previous year, financial statements of the last six months, and proof of assets.
Among them, this is a very important link in the process of real estate mortgage loan, because many customers are in urgent need of money when lending. If these materials can be prepared in advance, it will be much easier.
(3) Housing evaluation. After submitting the above materials, the bank shall conduct on-the-spot investigation and evaluation of the mortgaged property according to the submitted materials. Each link is an important link in the process of real estate mortgage loan, which directly determines the amount of your mortgage loan. Generally speaking, there will be some discrepancy between this assessment and the market price, because the assessment agency will consider multiple factors.
(4) apply for a loan. Submit all loan review materials and evaluation reports or investigation opinions to the bank for approval. At this time, the loan customer must pay attention to preparing all the information. If anything is omitted, it will affect the loan progress.
(5) notarization of loan contract. The borrower-level mortgagor fills in the loan contract and all relevant documents, signs them, and notarizes them by the notary.
(6) mortgage registration procedures. The bank goes to Chaquan for mortgage registration with the house ownership certificate and notarized loan contract.
(7) bank loans. Due to the different regulations of banks, loans will be made to the accounts of cooperative merchants in the form of cash, punch card or remittance.
(8) Repayment on schedule. This is an important link to establish a good credit. If the loan is repaid in full and on time, it will play a positive role in promoting the borrower to borrow again and find a job in the future.
(9) After the loan is settled, handle the account cancellation procedures. Note that after the loan is settled, go to the real estate bureau to go through the formalities of mortgage cancellation, so as to avoid unnecessary trouble in the future.
What are the procedures for private mortgage loans? What are the precautions for private loans? In view of these two problems, the above contents are briefly introduced and explained, hoping to help everyone.