Buying a house is to pay the down payment first and then apply for a loan. When applying for a mortgage, buyers need to pay a down payment, sign a purchase contract with the developer, and then apply to the bank. The main bank needs to know the housing information and know that the buyer has the ability to pay the down payment before making a comprehensive decision on whether to lend.

Mortgage application process

1. The applicant submits the purchase information, pays the down payment, and signs the commercial housing sales contract;

2. The applicant submits a written application for individual first-hand housing loan and provides the above application materials;

3. The loan handling bank comprehensively evaluates the credit status and solvency of the applicant and guarantor, conducts pre-loan investigation and completes customer information verification;

4, the loan handling bank after accepting the loan application, the corresponding examination and approval;

5. After the loan application is approved, the borrower and the guarantor shall go through the relevant loan procedures within the specified time, and personally go to the loan handling bank to sign the relevant contract and go through the formalities of using the money within the specified time;

6. The borrower clearly stipulates the repayment method and repayment plan in the loan contract, and authorizes the lender to take the initiative to deduct the loan principal and interest from the account designated by the borrower on the agreed repayment date.

Matters needing attention in handling mortgage loan

1. When banks evaluate the repayment period of mortgage loans for borrowers, they should first take age as the basis. Generally speaking, under the premise of meeting the loan conditions, the younger the age, the longer the loan period, and the older the age, the shorter the loan period. Under normal circumstances, "the lender's age+the loan period does not exceed 65 years" is the loan period that the bank can handle for it.

2. When the lender buys real estate, the "age" of the purchased real estate will determine the loan period. According to the regulations of the bank, it is easier to get a loan for a property with a newer room. For example, the second-hand houses with a construction period of 10 years have good conditions in all aspects, and banks are willing to speed up the approval of housing loans with this period. However, in the 1970s and 1980s, second-hand houses were relatively old, and the loan risks controlled by banks were relatively high, so banks were very cautious in approving loans for such houses.

3. For applicants who buy a house by loan, factors such as work income, job stability, savings deposits and assets are also factors that banks consider, and they are also factors that measure the application time of their loan years. Borrowers with strong economic strength can consider loan schemes with short loan life and certain repayment pressure.