How to handle real estate mortgage loan
1. Choose a lending institution: firstly, choose a lending institution, generally choose a bank, because the bank is safe and reliable, and the loan interest rate is lower than the non-bank loan interest rate.
2. Submission materials: After selecting a suitable lending institution, submit application materials according to the requirements of the lending institution, including valid identity documents, household registration book, marriage certificate, personal income certificate, loan purpose certificate or statement, mortgage property ownership certificate and other documents or materials required by the lending institution.
3. Waiting for the evaluation result: After receiving the borrower's loan application, the bank will evaluate the borrower's own conditions and the specific situation of the real estate. At this stage, there is nothing about the buyer. As long as the buyer submits true and reliable information and meets the requirements of the lending institution, it will basically be approved. In addition, lending institutions will evaluate the houses of buyers. Generally speaking, there are designated assessment agencies, and a certain assessment fee will be charged during the assessment.
4. Handling loan procedures: Under normal circumstances, the borrower's repayment ability and credit information are all right, and the bank will approve the loan only after the property rights of the house are clear. After the house passes the evaluation, the lending institution will review it again according to the information and evaluation report provided by the buyers. After approval, the lending institution will communicate with you about the loan amount, interest rate, term and repayment method, and then you can sign the loan contract. Property buyers need to go to the Housing Authority where the house is located for mortgage registration. When all the formalities are done, you can wait for the loan.