Generally speaking, the maximum amount of second-hand housing loans will not exceed 70% of the appraised value of the purchased second-hand housing or the transaction price of the second-hand housing, whichever is lower. Due to different local regulatory provisions, the amount of personal second-hand housing loans has also changed, so this should be subject to the regulatory provisions of local departments. Let's take a look at the factors that affect second-hand housing loans:
1, housing age: when banks approve second-hand housing loans, they will focus on the housing age of housing loans, which is generally required to be between 20 and 25 years, which may be relaxed to 30 years in some areas, and some banks will strictly require it to be between 10- 15 years. The house is too old, indicating that the residual value of the house is small and the loan amount will be reduced a lot.
2. Self-age: According to the relevant regulations of the bank, the sum of the user's age and the loan period shall not exceed 70 years. The younger the borrower is, the higher and longer the loan amount and service life can be applied for, otherwise, the loan amount and service life will be reduced.
3. Personal credit: Good personal credit is one of the important criteria for banks to consider borrowers. If the applicant is overdue for three or six times in a row in the past two years, he will be directly rejected when applying for a loan, not to mention the loan amount.
In addition, no matter what kind of loan product the borrower applies for, the bank will review the applicant's economic income. The higher the economic income, the stronger the repayment ability. In short, in the process of buying a house, we should do what we can to ensure that we can bear the pressure of repayment and choose the loan amount suitable for our economic situation.