The bank stipulates that the house can be used to buy a car, children go abroad and buy a house after mortgage. The specific loan amount is like this, that is, the property is handed over to the company for evaluation. For example, the market value of the property is 600,000, and the bank evaluates it to 500,000. The bank lends 50% according to the assessment, that is, the loan is 250 thousand. Some banks require the longest service life 10 years, while others can achieve 30 years. Don't expect too much, it depends on the actual age of the house.
The bank agent pays the deed tax, obtains the contract, and completes the real estate title certificate and related procedures. Fees are charged in strict accordance with the charging standards of relevant institutions, and no agency fees are charged. The borrower must provide all information and go through all necessary formalities. When the loan is returned, the bank cancels the collateral and returns it to the customer.