1. What are the loan collateral?
At present, common mortgage loans are generally fixed assets, such as real estate and automobiles. Handling mortgage loans requires the qualifications of the lender:
1. The borrower has stable economic income, good credit and repayment ability.
2. There are no illegal acts and repayment records.
3. It can provide effective rights pledge guarantee recognized by the bank or legal and effective real estate as mortgage secured loan.
Second, the real estate mortgage loan process
Submit loan application, loan information, house inspection and evaluation, loan approval, loan contract signing, mortgage registration and bank loan. The general procedures for banks to apply for housing mortgage loans are as follows:
1. Submit a loan application to the bank: the content should explain the purpose, amount and term of the loan.
2. Submit loan information: If an individual applies for a house mortgage loan, he/she needs to provide the following information: the borrower's ID card, running water in the past six months, work certificate, credit report, house property certificate, etc. If an enterprise needs to mortgage real estate, the materials it needs to provide include: business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and proof of assets.
3. Housing evaluation: After all the above materials are handed in, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property.
4. Loan approval: The housing appraisal company submits the appraisal report or opinion to the bank for approval.
5. Signing a loan contract: The borrower signs a loan contract with the lending institution, and all relevant documents, signatures and handprints are notarized by a notary.
6. Mortgage registration: The bank shall go to the real estate office for mortgage registration with the house ownership certificate and notarized loan contract.
7. Bank lending: Due to different bank regulations, loans will be made to the cooperative merchant's account in the form of cash, punch card or remittance.
The above is the introduction of real estate mortgage and mortgage loan process. Housing mortgage loan is a kind of loan provided by the bank through a certain contract, taking the borrower's real estate, securities and other documents as collateral, and legally obtaining the lien and pledge of the borrower's property.