Second-hand housing loans do not have to wait until after the transfer. Generally, banks can only lend money after completing the transfer procedures. In principle, when dealing with second-hand houses, you need to submit your own loan application first. After the bank approves it, it will issue a loan approval letter. At this time, with this certificate, the buyer can prove to the seller that the bank has agreed to lend money and the seller can transfer the house to the buyer. After the transfer formalities, the real estate license needs to be mortgaged to the bank, and the bank needs to go through the mortgage registration formalities at the registration department of the Housing Authority. After that, the bank will agree to issue loans and go through relevant procedures.

Is the second-hand housing loan transferred first or lent first?

In the process of second-hand housing transaction, the transfer is generally handled first, and then the bank lends money. Second-hand housing transactions, you need to confirm the ownership of the house, and then you need to pay the down payment. Then the buyer and the seller should sign a formal purchase contract, and the buyer needs to pay the corresponding down payment. You can only apply for a mortgage loan after the transfer is completed. Generally speaking, the process of second-hand housing loan is basically the same as that of new housing loan, except that users buy houses from individuals rather than developers when handling second-hand housing, so it is necessary to check the seller's information in detail when handling second-hand housing to prevent the phenomenon of selling more than one room.

Is there a requirement for the loan period of second-hand housing?

Different banks have different requirements for the loan period of second-hand houses, but in general, the sum of the loan period of second-hand houses and the age of second-hand houses cannot exceed 30 years, some banks stipulate that it cannot exceed 40 years, and some banks stipulate that it cannot exceed 50 years, so it depends on the bank's policies. In addition, the maturity date of the loan cannot exceed the final service life of the land. Assuming that the remaining service life of the land is only 20 years, the longest service life of the loan is 20 years. Finally, the sum of the loan period of the house and the borrower's age cannot exceed 65. Suppose the borrower is 40 years old and the longest loan period is 25 years.