You can also apply for a mortgage loan if you buy a house in full, but if you buy another house, it belongs to buying a second suite, so the down payment ratio of buying a second suite is almost 50%, and the loan interest rate will rise by about 10%, so you still need to have good repayment ability to buy a second suite. If the economic conditions are good, you can still choose mortgage loans. If you want to apply, you can go to the bank to find out about the relevant interest rate of the loan and some materials that need to be prepared.
Matters needing attention in loan are as follows:
1. "Shop around" loan is required before application: different banks have different scales and actual conditions, and different policies and risk control measures, so we can see that different banks have different requirements for borrowers and collateral when applying for similar loan schemes. In other words, the same house and the same borrower may not meet the loan conditions in Bank A, but they can apply for a loan in Bank B. Therefore, in order to apply for a more suitable scheme and reduce the loan cost, borrowers can consult more banks to achieve a "loan ratio";
2. Both the borrower and the real estate must meet the requirements of the bank: to apply for a mortgage real estate license loan, the bank has requirements not only for the borrower's qualifications, but also for the real estate, and it is not necessary to have a house to get a loan. The borrower should have good qualifications and the ability to repay the principal and interest; The real estate should not be too old, with a moderate area, clear property rights, liquidity and normal transactions. If one of them does not meet the requirements of the bank, the application for mortgage real estate license loan may be rejected by the bank;
3. Applying for a loan with someone else's property requires the consent of the other party: If the borrower wants to apply for a mortgage real estate license loan, but there is no house under his name or the property under his name does not meet the requirements of the bank, he can consider using the property under his name as a mortgage. The premise is to obtain the consent of the property owner and the house owner, and the other party needs to issue a letter of commitment to agree to mortgage;
4. If the loan is rejected, you can use the channel of the guarantee company: although the threshold for mortgage of real estate license loan is lower than other loan products, the borrower and the real estate must also comply with the relevant regulations of the bank. There are not a few people who apply for mortgage real estate license loans because of personal or real estate problems. The main reason is that the borrower's credit record is overdue, the debt is high, the number of credit inquiries is frequent, there is no stable income, the house is over 30 years old, and the area is too small to be a residence. In these cases, borrowers can use the channels of guarantee companies to improve the success rate and efficiency of bank loans;
5. After the loan is settled, it is necessary to cancel the mortgage: this is a link that many borrowers will ignore. After the mortgage real estate license loan is settled, the house is still in a mortgage state. The borrower should go to the bank to issue a settlement certificate, and then go to the relevant department to cancel the mortgage registration, so that the house can be completely owned by himself. Otherwise, the house can't be traded normally, and it can't apply for a loan.
legal ground
General principles of loans
Article 32
The borrower shall repay the loan principal and interest in full and on time in accordance with the provisions of the loan contract. The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection. Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or executed, it shall be urged to repay or bring a lawsuit.