Does the house ownership certificate need to be mortgaged in the bank?
Whether to go to the bank or not depends on the situation.
1. If you apply for a mortgage loan in a bank, it depends on the local mortgage department. Some departments will take back the original real estate license to the bank to issue a mortgage certificate, and then release the mortgage when repayment is made, and return the original. Some departments will not accept the original real estate license, but will indicate in the original that the real estate was mortgaged to that bank on, and how much the creditor's rights are, and will return the original and issue a certificate of other rights to the bank.
2. If private financing loans are adopted, creditors will take them to the mortgage department for formalities before lending. Just like the bank's procedures, private financing loans will not only receive real estate licenses but also do mortgage registration procedures. If the real estate license can report the loss, there is no priority to dispose of the mortgaged property without going through the formalities.
What is the complete and detailed process of buying a house with a loan?
All detailed procedures for buying a house by loan:
1. First of all, you need to choose a suitable house, and you need to know the basic information of the house in detail. Then you need to sign a formal house sales contract with the seller, and you need to pay the corresponding down payment according to the regulations, generally not less than 30%.
2. Next, buyers need to go to the bank to submit their own mortgage application and submit relevant materials. At this time, the bank will review the materials and applicants.
If the loan conditions are met, both parties can sign a loan contract, and then they can wait for the bank to lend money.
4. After the bank lends money, buyers need to repay their loan principal and interest on a fixed date every month.
Click to view: Can I add my name to the real estate license for the loan?