the loan period is different: the new house loan period is long, and the second-hand house loan period is relatively short. The loan period for a new house is 3 years, but the loan period for a second-hand house is limited by the age of the house, and it is often impossible to borrow for 3 years. The older the second-hand house, the shorter the loan period.

Different taxes and fees

Different loan interest rates: second-hand houses need to pay more taxes and fees. In addition, the standard of deed tax collection for new houses and second-hand houses is the same, but the taxable price is different. The new house is multiplied by the corresponding deed tax ratio according to the total house price. Second-hand housing is multiplied by the corresponding deed tax ratio according to the transaction price, evaluation price or guidance price.

what are the loan procedures and steps for buying a second-hand house?

1. Submit the materials and apply on the first day

The buyer and the seller bring all relevant materials and go to the bank. Receive and fill in the application form for personal loan of second-hand house, and submit all materials to the staff for review after filling in. The staff will make a preliminary evaluation of the materials and give an approximate loan amount and years. Finally, the three parties agreed on the time, and the bank contacted the designated real estate appraisal agency to inspect the house for evaluation.

2. Appraisal on the 2nd-7th day

According to the agreed time, the real estate appraisal agency went to the house for appraisal. After the completion, the evaluation agency will issue an evaluation report to the bank. The time-consuming of this stage will depend on the agreed situation, and it can usually be completed within 3-5 working days. The counterparty is required to pay the 5 yuan assessment fee.

3. Bank approval on the 8th to 1th day

The bank will review the qualifications of the loan applicant, and after it meets the requirements, the bank will approve the loan amount and term according to the appraised house price and the qualifications of the comprehensive lender. The approval process usually takes about 5 working days, but the Zhongguancun Sub-branch of Minsheng Bank and the loan approval department work in the same office building, and the approval speed is fast, and the approval time for each business can be completed in 1-2 days.

4. Pay the down payment on 11th-31st, and handle the transfer.

After the approval, the buyer will pay the down payment to the seller. Then the buyers and sellers and bank staff go to the real estate exchange to handle the transfer of house property rights with the down payment certificate, the mortgage application review commitment letter issued by the bank and other materials. It can be completed on the day of transfer, and the buyer can get the real estate license after waiting for about 2 working days.

5. Go through the formalities of mortgage registration and insurance on the 34th to 35th day, and lend money in the bank

After the buyer receives the real estate license, go through the formalities of mortgage registration and insurance, and the insurance premium is about 2, yuan. Then, after the loan is issued, the bank will deposit the house money into the seller's account, and the buyer will start to repay the current period on schedule according to the contract.