The law and banks do not stipulate that a loan applicant with a loan in his name cannot apply for other loans, but as long as the loan applicant has sufficient economic ability, he can still apply for loans.
1. Can I still buy a house with a mortgage?
The bank has a loan to mortgage to buy a house. However, the borrower must also meet the following conditions:
1, with legal status; Have a stable economic income, good credit and the ability to repay the principal and interest of loans; There are legal and effective contracts and agreements for the purchase and overhaul of housing and other supporting documents required by the loan bank;
2, have purchased (overhaul) housing more than 20% of the total self-raised funds, and ensure that used to pay the down payment of the purchased (overhaul) housing;
3. Mortgaging or pledging assets recognized by the loan bank, or (and) using legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors; Other conditions stipulated by the lending bank.
Second, the housing loan matters needing attention
1, do what you can.
When applying for personal housing loans, borrowers should make a correct judgment on their economic strength and repayment ability, make a correct and objective prediction of their future income and expenditure, and choose the appropriate loan amount.
2. Choose a good loan bank.
If you buy an existing house or a second-hand house, you can generally choose your own loan bank. The more services the mortgage bank provides, the more flexible and diverse the services you get. From the buyer's point of view, there is no doubt that the more choices the buyer has, the better.
3. Choose the appropriate repayment method.
At present, there are basically two repayment methods: one is equal principal and interest repayment, and the other is equal principal repayment. The advantage of matching principal and interest repayment is that borrowers can accurately grasp the monthly repayment amount and arrange family income and expenditure in a planned way. Average capital's repayment method is more suitable for individuals who have strong repayment ability at the initial stage of repayment and want to pay a large amount at the initial stage of repayment to reduce interest expenses.
4. Provide true information to the bank.
When a bank applies for a loan, it usually requires the borrower to provide proof of income, including the borrower's occupation, position and recent economic income. If your income doesn't reach a certain level, it means that you don't have enough repayment ability. If you provide false certificates to meet the loan conditions, the bank's trust in you will be greatly reduced, which will affect your loan application.
5. Provide an accurate personal address.
If the address provided by the borrower to the bank is accurate, it will be convenient for the bank to contact. When the People's Bank of China adjusts the loan interest rate, you can receive the interest rate adjustment notice from the bank in time. In addition, it is especially important to remind borrowers that when you move to a new house, you must inform the loan bank of your new contact address and contact information in time.
6. Repay on time.
The borrower must pay attention to whether there are enough funds in his repayment account before the agreed repayment date every month to prevent the default from being punished by the bank and leaving a bad credit record in the bank.
Three. Procedures for handling mortgage loans
The specific procedures for property buyers to apply for real estate mortgage are as follows:
(1) Buyers who want to get real estate mortgage loan services should pay attention to this aspect when choosing real estate. When buyers learn that some projects can apply for mortgage loans in advertisements or through the introduction of sales staff, they should further confirm whether the real estate developed and built by developers has won the support of banks to ensure the smooth acquisition of mortgage loans.
(2) After the purchaser applying for mortgage loan confirms that the selected property is supported by bank mortgage, he should know the bank's provisions on mortgage loan support for the purchaser from the bank or the law firm designated by the bank, prepare relevant legal documents and fill in the application form for mortgage loan.
(3) The bank that signed the house purchase contract receives the legal documents related to the mortgage application submitted by the purchaser, and after confirming that the purchaser meets the mortgage loan conditions through examination, it will issue a loan consent notice or a mortgage loan commitment letter to the purchaser. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
(4) After signing the house purchase contract and obtaining the payment voucher, the buyer signs the house mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and specifies the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
(5) mortgage registration, insurance buyers, developers, banks with housing mortgage loan contract, purchase contract to the real estate management department for mortgage registration procedures. If the house is delivered in advance, the mortgage registration shall be changed after completion. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks. Property buyers should list the bank as the first beneficiary when purchasing insurance, and the insurance shall not be interrupted during the loan performance, and the insurance amount shall not be less than the total value of the collateral. The policy was handed over to the bank before the principal and interest of the loan were paid off.
(6) After the signing of the mortgage loan contract, the buyer opens a special repayment account in the financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the bank's loan principal and interest and the arrears related to the mortgage loan contract from this account. The bank is confirming that the buyers meet the mortgage loan conditions and fulfill the obligations stipulated in the building mortgage loan contract. After handling the relevant formalities, the loan will be transferred to the bank supervision account opened by the developer in the bank as the purchase money of the purchaser.
According to the law, a bank can get a mortgage to buy a house, but the applicant must have a stable income, good credit and the ability to repay the loan principal and interest.
Legal objectivity:
Can I still get a mortgage on my house? On the whole, yes. Re-mortgage means that the buyer of the house continues to repay the unexpired loan of the seller with the consent of the loan bank. Simply put, it is to buy and sell the house that is still mortgaged again, and the buyer of the house will continue to repay the mortgage of the seller. However, due to the complicated procedures of refinancing, lending banks are faced with many risks, and many banks are unwilling to carry out this business, which greatly reduces the operability of this operation mode in practice. It can be said that refinancing is a relatively simple method. Mortgage refers to a loan that sells or transfers personal housing to a third person, applies for personal housing loan, changes the loan term, changes the borrower or changes the collateral. In the sale and purchase of second-hand houses, the individual housing is sold or transferred to a third person for personal housing loan to change the loan term, change the borrower or change the collateral. However, in practice, different banks have different regulations. You need to consult the relevant banks for details. It should be noted that it is necessary to entrust an intermediary agency to apply to the bank for remortgage, and the bank does not accept individuals to apply for remortgage of second-hand houses. Article 11 of the Interim Measures for the Administration of Personal Loans shall meet the following conditions: (1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal; (3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender. Article 12 The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant materials that can prove that it meets the loan conditions.