When applying for a mortgage loan for a 40-year apartment, the loan term is generally within 10 years. Generally, the loan amount needs to be determined based on the market value of the apartment within 40 years. Under normal circumstances, a 40-year apartment can only borrow about 70% of the appraised value of the house, and the down payment required for the house is generally more than 50%. Bank regulations in each region are different. State-owned banks have stricter examinations, while regional banks have lower thresholds. It is best to go to the bank to consult the relevant staff first.

Can a 40-year apartment be mortgaged?

1. A 40-year apartment can be mortgaged. As long as the property rights of the 40-year apartment are clear and can be listed for trading, then the 40-year apartment can apply for a mortgage loan with a bank. If the owner of a 40-year apartment wants to apply for a housing mortgage loan, he must meet the relevant loan conditions, as follows:

(1) The 40-year apartment and the loan bank should be in the same city , because when individuals apply for home mortgage loans, lending banks generally do not accept collateral from other places.

(2) The assessed value of the apartment in 40 years should be more than 100,000 yuan. Because when individuals apply for home mortgage loans, lending banks generally do not accept mortgages whose appraised value is less than 100,000 yuan.

(3) A 40-year-old apartment must have a real estate certificate. The property rights must be clear and can be listed for circulation. It must also be able to handle house mortgage registration procedures in accordance with the law. There must be no disputes over house property rights, etc. A situation that is unfavorable to the realization of the house.

(4) The 40-year apartment should have strong liquidity, the internal structure of the house must be intact, and the supporting facilities and services in water, electricity, transportation, property, etc. must be complete, and no disputes and problems. In addition, apartments cannot exist within the government's demolition scope for 40 years.

What to pay attention to when applying for a mortgage loan

1. Pay attention to the property rights of the house

Not all houses can apply for mortgage loans. First, everyone must understand the property rights of the house. Whether there is a problem with the property rights, the bank strictly requires that the house for mortgage loan must meet the conditions stipulated by the state to be able to be traded in the real estate market. For example, small-property houses do not have title certificates. Banks do not support mortgage loans for small-property houses. For those who want to buy small-property houses, they need to pay the full payment, which is quite stressful.

2. Pay attention to bank loan requirements

Banks also have requirements for lenders. In order to ensure that the money they lend can be recovered in time, the bank will focus on the repayment of the lender. ability. Generally, banks require borrowers to have stable economic income, good credit, the ability to repay, and no illegal behavior or late repayment records. For example, some lenders have poor personal credit and have overdue repayment records, which will affect the mortgage loan application.

3. Pay attention to the repayment method

There are two main repayment methods for bank mortgage loans, the equal principal repayment method and the equal principal and interest repayment method. The advantage is that borrowers can accurately grasp the monthly repayment amount, which makes it easier for them to make reasonable arrangements for their monthly income and expenses. The equal-amount principal repayment method is more suitable for lenders with strong repayment ability in the early stage of repayment, because the equal-amount principal repayment method has a relatively large amount in the early repayment and the repayment pressure is also high.