There are many institutions that accept real estate mortgage loans. In addition to some big banks, there are many financial guarantee companies that can also handle real estate mortgage loans. Bank loan interest rate is low, safe and reliable, but its approval speed and loan requirements have always been a serious injury. However, financial guarantee companies generally have less strict auditing and faster lending, but the loan interest rate is high. When choosing a lending institution, you can choose a suitable lending institution according to your own situation.

2. Submit mortgage application materials.

If the property and the husband and wife belong to the same property, then the mortgage loan needs to provide the information of both husband and wife, including their ID cards, household registration books, marriage certificates, real estate licenses, purchase contracts or bank statements of personal accounts for nearly six months.

3. Preliminary review of lending institutions

After receiving the borrower's mortgage loan application, the bank will conduct a preliminary examination. At this stage, there is basically nothing for property buyers, mainly because the lending institution will conduct a preliminary review of the basic materials we submitted before to see if the borrower meets the loan conditions of the institution.

Step 4 evaluate

There will be some error between the amount of real estate mortgage loan and the market price of the house. Real estate mortgage loan is based on the evaluation value, not the market price. Lending institutions in general, especially banks, need to go to designated or recognized appraisal institutions for appraisal. Real estate assessment is not free, and appraisal fees will be charged, which is generally about 3/ 1000 to 5/ 1000 of the real estate.

Step 5 sign a contract

After the review and evaluation, the lending institution will notify the borrower to go through the loan formalities and sign the contract, and will specifically communicate with you about the loan amount, interest rate, term and repayment method. After communication, you can sign the contract. After signing the contract, mortgage registration is required, which shall be handled by the Housing Authority where the house is located. After all the above procedures are completed, the buyers only need to wait for the loan.