What are the processes of real estate mortgage loan?
1. Choosing a lending institution
If a buyer wants to apply for a real estate mortgage loan, he needs to choose a good lending institution first. Generally speaking, he can choose to apply for a real estate mortgage loan in a bank, which has a low loan interest rate and is safe and reliable, but the approval speed and loan requirements of the bank are strict. Although private lending has a high interest rate, it has low audit requirements and fast processing speed. Therefore, choosing a suitable lending institution is a crucial step in the whole lending process.
2. Write the application materials
After selecting a suitable lending institution, you must submit the application materials according to the requirements of the lending institution, which requires the borrower and his spouse's valid identity documents, household registration book and marriage certificate; Personal income certificate; Certificate or statement of loan use; Certificate of ownership of mortgaged property; Other documents or materials required by the lending institution.
3. Preliminary review
Lenders conduct a preliminary review of the mortgage loan information of buyers. There is no matter about buyers at this stage. As long as the materials submitted by buyers are true and reliable and meet the requirements of lending institutions, they will basically be approved.
4. Evaluation
Lending institutions will evaluate the houses of buyers. Generally speaking, they all have designated evaluation institutions, and they will charge a certain evaluation fee when evaluating, which is generally about 3/1 to 5/1. The difference is fixed and progressive, and the fees charged by different evaluation institutions will vary slightly, and the charging standards in different regions are also different.
5. Approve the loan and sign the contract
After the house passes the evaluation, the lending institution will review it again according to the information provided by the buyers and the evaluation report. After the approval, the lending institution will communicate with you about the loan amount, interest rate, term and repayment method, and then you can sign the loan contract.
6. Handling mortgage registration
When handling mortgage registration, buyers need to go to the Housing Authority where the house is located. When handling, buyers also need to prepare relevant materials: applicant's identity certificate, marital status certificate, application for house registration, house ownership certificate or property right certificate, state-owned land use certificate, mortgage contract and principal creditor's rights contract, and other necessary materials;
7. Lend money
Just wait for the loan at last.