Key points of handling joint loan to buy a house 1. Determine the main lender.
When applying for a joint loan, two people can only choose one person as the main lender, and the choice of the main lender depends on these conditions. Under normal circumstances, you can choose the one with higher and more stable income among the two people to obtain a higher loan amount; In addition, we should pay attention to the age factor, and the younger party can get a longer loan period.
2. Real estate share division
If two people jointly borrow money to buy a house, it is necessary not only to determine the main lender, but also to determine the division of the property share, which is also to protect the rights and interests of both parties. Although talking about money hurts feelings, in order to avoid disputes in the future, the share of joint loans to buy a house needs to be determined in advance, so as not to affect their ownership of the house.
Step 3 attend together
Since buying a house is a joint loan for two people, two people need to be present at the relevant formalities, otherwise it will affect the progress of the formalities. If one party cannot be present, it must also go through notarization and entrustment procedures and explain the relevant matters clearly.
4. Prepare documents in advance.
In addition to the presence of both parties at the same time, it is also necessary to provide the necessary documents, and there are many documents to be provided for joint loans to buy a house. When applying for joint mortgage, you need to provide identity documents (both parties), marriage certificate (required when the husband and wife jointly borrow to buy a house), income certificate (required to be stamped), down payment proof materials, etc.
5. Pay attention to the pressure of buying a house
You must do what you can to buy a house, and you can't put all your money on buying a house. At present, when approving housing loans, many banks require that the monthly repayment amount should not exceed half of the lender's monthly income, and they cannot lend unless they meet the requirements. But it would be much easier if two people shared a loan.