The real estate certificate is a proof that an individual owns the property rights of a house. It plays a decisive role in life, such as loans and house buying activities. So can you get a mortgage loan with a real estate certificate, and what are the risks involved in using a real estate certificate to mortgage a loan? Do you know? Let’s take a look now.
1. Can I get a mortgage loan if I have a real estate certificate?
It is possible to get a loan. If you use a real estate certificate loan, you need to meet the following conditions: ① The borrower must have a legal identity; ② The borrower must have good credit and have certain financial strength to repay the loan; ③ The borrower must have the ability to purchase , a contract to build a house, and other conditions required by the bank.
2. What are the risks of using real estate certificates to mortgage loans?
1. In terms of loan purposes
In today's society, credit policies are constantly tightening, resulting in the use of The use of real estate certificate loans is subject to corresponding restrictions, mainly within the scope of personal consumption and business operations. If the purpose of the loan is for high-risk investment projects or gambling, then the bank will prohibit the loan.
2. Repayment
Generally, individuals who use real estate certificate loans will definitely need a very large amount of funds, and the repayment period will be relatively long, so Before taking out a loan, it is important to determine whether you can afford to repay the funds. You should know that if you cannot repay the loan later, your house will be auctioned according to legal means to repay the principal and interest.
3. Loan channels
If you want to use the real estate certificate for a loan, it is best to choose a bank, so that the funds obtained will definitely be safe. When looking for a loan company privately, there are many issues you need to pay attention to, including checking whether the loan institution is a legal business, and you must not pay any fees before taking out a loan to avoid losses in utilization.
As for whether you can get a mortgage loan with a real estate certificate, and what risks there are in using a real estate certificate for mortgage loans, we will introduce it here first. Do you understand it? When using a real estate certificate for mortgage loans, it is best to You can choose a bank or a large lending institution to prevent your property from being threatened.