1, the condition of the first home loan is legal status;
2. Ensure that the self-raised funds of more than 30% of the total price of the purchased house are used to pay the down payment of the purchased house;
3. The assets recognized by the loan are mortgaged or pledged, or (and) legal persons, other economic organizations or natural persons with sufficient compensatory capacity are used as guarantors;
4, a stable economic income, good credit, the ability to repay the loan principal and interest;
5. There are legal and effective purchase contracts and agreements and other supporting documents required by the loan bank;
6. Other conditions stipulated by the lending bank.
What should I pay attention to when buying a house with the first loan?
1. Prepare enough down payment.
According to the latest mortgage regulations, the first suite usually needs to prepare 30% down payment, and the second suite needs to prepare at least 40%. In addition, considering the interest rate, people who borrow money to buy a house should prepare more funds, and it is best to ensure that their monthly income is more than twice the monthly payment, which will help improve the mortgage pass rate.
Don't use the provident fund before applying for a loan.
If the borrower takes the balance of the provident fund before the loan, it will make the balance of the provident fund in his provident fund account become zero, and then the amount of the provident fund loan will become zero. In other words, you can't successfully apply for provident fund loans at this time.
3. Clear the repayment method in advance.
At present, there are two main repayment methods, one is equal principal repayment and the other is equal repayment. These two repayment methods have their own advantages. For the equal repayment method, the borrower can master the monthly repayment amount and plan the household income and expenditure.
For the repayment method in average capital, it is suitable for people who have very strong repayment ability and want to reduce interest through quick repayment. You can choose the appropriate repayment method based on your own situation.
4. Don't repay the loan in advance within 12 months from the loan date.
It is best not to repay the loan in advance in the last year! Because according to the relevant provisions of provident fund loans, the prepayment should be made after one year of repayment, and the amount returned by the lender should not be less than six months of repayment.
Don't forget to inform the lessee about renting the house after the loan.
If the mortgaged house is rented during the loan period, it is obliged to inform the lessee in writing of the mortgage facts.
6. Contact the bank in time when the loan is not paid.
If the repayment ability declines during the repayment period, remember not to be hard-pressed, and you can apply to the bank for an extension of the loan period. Some banks, after investigation, find that the situation is true and confirm that the lender has not defaulted on the loan principal and interest, and generally accept the application.
7. Don't forget to cancel the mortgage after the loan is paid off.
If all the loan principal and interest have been paid off, you can cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the collateral to the real estate transaction core of the district and county where the real estate is located.
8. Don't lose the loan contract and IOUs.
As the loan term can be as long as 30 years, as a borrower, you need to take good care of your contracts and IOUs. When applying for mortgage loan, the loan contract and iou signed by the bank with you are important legal documents.
9. Choose a bank that suits you.
Choosing the right bank will save you a lot of trouble. When choosing a bank, you should remember to consider factors such as loan speed, preferential interest rate, agreement on early repayment, and interest rate adjustment method.
10. Pay attention to liquidated damages for repaying the loan in advance.
To apply for early repayment, some banks will charge a certain percentage of liquidated damages, and some have requirements on repayment time. Whether it is cost-effective to repay the loan in advance depends on several comprehensive factors, such as floating loan interest rate, personal repayment ability and housing demand, which are not absolutely suitable or not. It should be noted that banks have different requirements for repaying loans in advance, so it is best to consult the loan bank in advance.