1. Credit information

Credit information records are known as economic identity cards, including our credit records, credit card and loan liabilities, home addresses, and even mobile phone numbers and water and electricity arrears records. etc. will be reflected in the credit report. When a bank reviews a home loan, it will focus on the credit status of the home buyer. If the credit card or other loans are overdue three times in a row or six times in total, the loan will basically be rejected.

In short, everyone should pay attention to credit issues. No matter whether you are considering buying a house or not, you must keep your credit report in good condition unless you no longer deal with banks or financial institutions in the future.

2. In terms of age

Although it is said that as long as they are of age, they are eligible to apply for a mortgage, most of the younger home buyers will be denied a loan or have the loan amount reduced, because this age group Most people have unstable incomes and need their parents to help them pay off their mortgages. Therefore, it is generally difficult for younger home buyers to obtain loans, mainly young people aged 18-21, and those aged around 30 to 40 are more favored by banks.

3. Bank statements

Banks not only need to check the credit record of the home buyer, but also ask the home buyer to provide bank statements and income certificates for half a year or one year. Banks generally require home buyers’ monthly income to be 2 times or 2.2 times the monthly loan payment. For example, if a home buyer wants a monthly loan payment of 5,000 yuan, then the home buyer's monthly income needs to be at least 10,000 yuan or 11,000 yuan.

What procedures are required for a home loan?

1. The borrower who is applying should fill out the borrower application form at an institution handled by China Construction Bank or a developer that has signed a "cooperation agreement" with China Construction Bank. . But you need to provide the following information:

(1) My household registration book, ID card or other valid residence documents

(2) Proof of my occupation and income

(3) House purchase contract or letter of intent and other relevant supporting documents

(4) Other materials required by the China Construction Bank handling agency

2. The next step is the investigation The CCB handling agency or CCB entrusts a law firm to conduct a detailed investigation of the materials provided by the borrower.

3. Approval The CCB handling agency shall review and approve the borrower's application.

4. The borrower needs to open an account, receive a savings card and sign a loan contract.

5. Handle related guarantee procedures such as mortgage, insurance, guarantee and pledge.

6. The borrower’s contract comes into effect and the funds will be transferred to the developer’s account.