1. Look at the house and sign the purchase contract

The first step in taking out a loan to buy a second-hand house is of course to choose the house. Since it is said that you are buying a house, you must look at the house and choose the house. house. Now that a house has been selected, the next step is for the buyer and seller to negotiate the price. Once the agreement is reached, the house purchase contract can be signed, and the next step is to go through the loan process.

2. Apply for a second-hand house loan

Note that when applying for a second-hand house loan at the bank, both the buyer and the seller must be present, and both parties must bring all the information. House buyers should bring personal information. In addition to personal information, when selling a house, you must also bring relevant real estate information. After filling out the second-hand house loan application form, the bank will contact the designated real estate appraisal agency to inspect the house for evaluation.

3. Appraisal agency

You need to go to the appraisal agency designated in the location of the house to handle the appraisal. There is no need to make an appointment in advance. The appraisal report can usually be issued in about three working days. Of course, you have to consult the assessment office where you are located for the specific time limit. Note that when conducting an institutional appraisal, there is also a fee involved, that is, the appraisal fee, which is generally paid by the home buyer.

4. Bank review

After submitting the loan application and evaluating the house, you can submit relevant information to the bank. The next step is to wait for the bank's review. Generally speaking, banks calculate the loan amount based on the appraisal value of the appraisal agency. Of course, the premise must be that the bank has reviewed the qualifications of the loan and the loan will be approved if the conditions are met.

5. Property handover and transfer

After the bank’s review, the buyer needs to pay the down payment to the seller. The next process is the property handover and transfer. Generally, the property is handed over first and then transferred. On the day of transfer, the buyer and seller can go to the real estate exchange with bank personnel to handle the property transfer with the down payment voucher, the bank's mortgage application review commitment letter and other materials. Generally speaking, the transfer can be completed on the same day and will be collected in about half a month. Obtain the real estate title certificate.

6. Bank loan

Only after obtaining the real estate certificate can you go to the bank to apply for real estate mortgage. The bank will then lend money to the designated account, usually directly to the seller's account. Here, monthly mortgage payments are made in accordance with the contract. There may be insurance fees or handling fees when receiving the real estate title certificate, which may vary from bank to bank.

What should you pay attention to when buying a second-hand house with a loan

1. Pay attention to whether the house can be loaned

If you want to apply for a loan to buy a second-hand house, the buyer needs to understand the property rights of the house. , not all second-hand houses can be loaned. For example, small property rights houses, public houses, etc. are not eligible for loans.

2. Pay attention to whether the house is too old.

Home buyers should clearly check the age of the second-hand house they buy. If the house is too old, the loan amount approved by the bank will be lower. Very few, and some may even be directly rejected by banks. Therefore, if you plan to buy a second-hand house with a loan, try not to choose a second-hand house that is too old.

3. Pay attention to your loan repayment ability

In fact, whether you are buying a new house or a second-hand house, as long as it is a loan, you must consider whether you can afford the monthly payment. Banks will also examine the home buyer's ability to repay the loan. If your ability to repay the loan is too poor, the bank will directly refuse the loan. Specifically, the credit report needs to be good, and the monthly income needs to be able to reach twice the monthly payment.

4. Pay attention to providing true information

When the bank approves the home buyer's loan application, it will verify the information provided by the home buyer. If the information provided to the bank is false, you will not only be directly denied a loan, but will also be blacklisted by the bank, affecting other financial life. Therefore, when applying for a loan, the information you fill in must be true and complete to avoid affecting the purchase of a house.