When buying a house and applying for a mortgage, the collateral is the property purchased. The form is that the original purchase contract of the lender is registered as a mortgage with the real estate management department where the house is located. Generally, 4 house purchase contracts are signed, one for the developer to keep as a record, one for the home buyer, one for mortgage registration and filing with the real estate management department, and one for the bank to keep as mortgage loan files.

Go through the mortgage loan procedures for buying a house

1. Sign a house sales contract. Of course, this is only a contract of intention. You do not need to go to the ownership first or pay a down payment. The deposit depends on you and your ex. The conditions are negotiated.

2. Submit a loan application to the bank. After the bank accepts your application, if the information is incomplete or insufficient, it will ask you to provide additional information. Generally, the approval time will be about 2 weeks.

3. When the bank approves your loan application (it approves your loan application, but does not agree to lend you a loan), you should pay attention and ask the bank staff how your loan will be processed. After the mortgage is completed, we can arrange a time to lend you the loan. Once confirmed, you can go through the transfer process and pay the down payment.

4. Sign a loan contract with the bank, pay various fees, and apply for mortgage and insurance. When signing a loan contract, you should carefully read the terms inside it, because most bank handlers make these loan contracts in batches, and mistakes and omissions are inevitable.

5. Go through mortgage procedures and insurance procedures.

6. For loans, some banks require customers to go to the bank again to apply for loans. After disbursing the loan, remember to ask the bank for a copy of your loan contract and IOU. For second-hand houses, there is also an insurance policy, appraisal letter, etc. Also make two copies of the real estate certificate. Remember to ask for the official seal of the bank, because some agencies and departments require it when doing business.

What information is needed to buy a house and apply for a mortgage?

1. Requirements for applying for a mortgage, the identity cards of the applicant and the spouse, the original and 3 copies of the household registration (if the applicant and the spouse do not belong to the same family) Those with household registration must also attach proof of marriage relationship).

2. Original house purchase agreement. To apply for a mortgage, you need one original and one copy of the prepayment receipt for a house price of RMB 30 or more.

3. Documents proving the applicant’s family income and relevant assets, including salary slips, personal income tax returns, income certificates issued by the unit, bank deposit certificates, etc. To apply for a housing loan, you need a collection account number from the developer.