According to relevant regulations, improved houses can be used as mortgage loans. But you need to meet certain bank loan-related conditions. For example, the house must have clear property rights, the borrower must be no more than 65 years old, have good credit, have the ability to repay, and have a stable job, etc.

Notes on home mortgage loans

1. Whether the credit record is good

The biggest difference between home mortgage loans and other loans is: when the borrower fails to repay the loan for a long time, In order to make up for the financial losses, the bank will auction the mortgaged house to make up for the economic losses. Therefore, banks will pay special attention to the borrower's credit record when approving housing mortgage loans, and will generally choose borrowers with better reputations to cooperate. If you are a user who has been overdue more than 3 times in a row within two years, or has been overdue more than 6 times in total, then it is estimated that it will be difficult for you to apply.

2. Can I mortgage real estate in the name of others?

In addition to the real estate in my own name, the real estate in the name of others provided by the borrower can also be recognized by the bank. . However, in order to avoid legal disputes, when mortgaging a property in the name of another person, you need to obtain the consent of the owner of the property and issue a statement agreeing to the mortgage. Only in this way can the bank have no doubts about it. If you take your house to a bank for mortgage without the consent of the homeowner, the bank will reject your application.

3. Does the mortgaged property have the ability to be liquidated?

Generally speaking, the property mortgaged to the bank must have the ability to be liquidated, otherwise the bank will not accept your application. . For example, if you plan to mortgage a dilapidated house that is over 40 years old and is about to collapse to the bank, you are looking for trouble! It would be strange for the bank to grant you a loan! Generally speaking, there are several types of liquidity of a house. None of them are very good, and it is generally difficult to get approval from banks.

4. Whether there is sufficient repayment ability

When approving a loan, the bank will not only consider whether the borrower's credit record is good, but also examine whether the borrower has sufficient Ability to repay. Therefore, if you do not have a stable job, or are unable to provide proof of income and employment, or are unable to provide bank statements, banks will generally identify you as a person whose repayment ability is of concern and will not be qualified to apply for a mortgage loan. , and are not even eligible to apply for other loans.