1. What is mortgage to buy a house?
Mortgage to buy a house is in the process of buying a house. Due to lack of funds, he couldn't buy a house in full, so he applied for a loan from the bank, called mortgage to buy a house for short. In the long run, mortgage to buy a house is still better. There are obvious signs of currency inflation, and the currency will become less and less valuable. You pay 5,000 yuan a month now, and in 20 years, you may only be able to buy things from 50 yuan. Using future money to consume present things can not only effectively fight inflation, but also raise asset prices in disguise.
Second, the new building mortgage to buy a house process
1, select real estate
If property buyers want to get the service of mortgage new property to buy a house, they should pay attention to this aspect when choosing a house, handle mortgage loans through sales staff, and further confirm whether the development is supported by the bank to ensure the smooth progress of mortgage loans.
Step 2 apply for a loan
After the purchaser confirms that the new building has been supported by the bank mortgage, he should learn from the bank about the provisions on the loan support of the purchaser, prepare relevant materials and fill in the application form for mortgage loan.
3. Sign a house purchase contract
After receiving the relevant legal documents of mortgage application submitted by the purchaser, the bank will issue a loan consent notice or a mortgage commitment letter to the purchaser after confirming that the purchaser meets the mortgage loan conditions. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
4. Sign the mortgage contract for the new building.
When the house purchase contract is signed, the buyer obtains the payment voucher, and then signs a new house mortgage loan contract with the developer and the bank based on the relevant legal documents stipulated by the bank, stipulating the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
5. Apply for mortgage registration and insurance.
Property buyers, developers and banks shall go through the mortgage registration and filing formalities with the property management department with the "New Property Mortgage Loan Contract" and the purchase contract. If the house is delivered in advance, the mortgage registration shall be changed after completion. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks. Property buyers should list the bank as the first beneficiary when purchasing insurance, and the insurance shall not be interrupted during the loan performance, and the insurance amount shall not be less than the total value of the collateral. The policy was handed over to the bank before the principal and interest of the loan were paid off.
Open a special repayment account
After signing a new house mortgage loan contract, the buyer opens a special repayment account in a financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the loan principal and interest and arrears related to the mortgage loan contract from the account. The bank is confirming that the buyers meet the mortgage loan conditions and fulfill their obligations under the new mortgage loan contract. After handling the relevant formalities, the loan will be transferred to the bank supervision account opened by the developer in the bank as the purchase money of the purchaser.