Amount of mortgage loan for house purchase
1, personal mortgage loan, the amount of which cannot exceed 80% of the value. In other words, your down payment is 20% * * 500,000 * *, and the rest can be mortgaged, which is 2 million. However, the mortgage interest rate is relatively high, 10 is 5.94, and the 30% discount is 4. 16. Monthly repayment will not exceed 40% of income.
2, because the evaluation price of second-hand houses is lower than the actual transaction price, for example, a house of 200,000 is150,000 for you. Then, buy the first house with a loan of 30% and the second one with a loan of 50%. If the room age exceeds 15, the loan will not be granted.
3. The average bank only lends 70%. If they manage loans, they can reach 100%. You can also borrow a lot if the guarantee company gives you a pure guarantee. The cost is generally 3%, and 2.5% if conditions are good. It depends on your relationship with the guarantee company.
Risks of mortgage loan for house purchase
1. Due to the borrower's high expectation of his own income, the actual income growth level failed to reach the expected target, resulting in insufficient repayment ability.
2. Because the borrower is dismissed, the enterprise goes bankrupt or the borrower's own business fails, the source of repayment is lost.
3. When the social credit needs to be generally improved, it is not excluded that the borrower will default subjectively, especially when the guarantee clause is not binding on the borrower or it is difficult to implement the collateral, the credit risk is particularly prominent. In addition, if the market fluctuates greatly and the real estate depreciates rapidly, the borrower's mind will be unbalanced, thus causing resistance to repayment.
4. The borrower is disabled due to accidental injury, loses the ability to work and loses the source of livelihood. Or suffer heavy losses due to fire, flood, storm and other reasons, and lose repayment ability.
Housing mortgage loan process
1. Choose real estate
If buyers want to get mortgage services, they should focus on this aspect when choosing real estate.
Step 2 apply for a mortgage loan
After confirming that the property you choose has the mortgage support of the bank, the buyer should know the bank's regulations on mortgage loan support for the buyer from the bank or the law firm designated by the bank, prepare relevant legal files and fill in the mortgage loan application form.
3. Bank comments
After accepting the loan application of the purchaser, the bank shall examine the qualification of the purchaser from the aspects of civil subject qualification, credit status and repayment ability to confirm whether it meets the prescribed conditions. If property buyers blindly sign a house purchase contract with the developer without the confirmation of bank mortgage loan support, they will not be able to obtain mortgage loans without meeting the bank conditions, which will lead to passive funds and force them to choose other payment methods, thus affecting their own financial arrangements or even giving up buying houses, resulting in the loss of down payment.
4. Sign a house purchase contract
After receiving the mortgage application and relevant legal documents submitted by the buyers, the bank will send the loan consent notice or mortgage loan commitment letter to the buyers after confirming that the buyers meet the mortgage loan conditions.
5. Sign a house mortgage contract
After signing the house purchase contract and obtaining the payment voucher, the purchaser signs the house mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, stipulating the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
6. Apply for mortgage registration and insurance.
Property buyers, developers and banks hold mortgage loan contracts and purchase contracts to the real estate management department for mortgage registration and filing procedures. If the house is delivered in advance, the mortgage registration shall be changed after completion.
7. Open a special repayment account
After signing the building mortgage loan contract, the purchaser shall open a special repayment account in the financial institution designated by the bank and sign a power of attorney to authorize the institution to pay the loan principal and interest and arrears related to the mortgage loan contract from the account. Bank mortgage interest rate, the borrower can use the bank mortgage loan calculator for accounting.