How old can the mortgage age not exceed?
70 years old, most regional banks stipulate that mortgage applicants should not be over 70 years old, but there are also special circumstances, and individual banks allow lenders to be under 75 years old. However, the longest loan period is still 30 years, depending on income and running water. For example, when you apply for a loan to buy a house at the age of 60, you can only apply for a loan period of 10 years at most, while Guangxi has relaxed it to 80 years in this respect, which means that people at the age of 60 can apply for a mortgage for 20 years.
Mortgage applicants must not only meet the age limit, but also have the ability to repay on time. The bank will comprehensively evaluate the loan applicant from the aspects of work, income, down payment and guarantee.
The basic loan conditions of individual housing mortgage loans include:
1 has legal and valid identification;
Have a legitimate occupation and a stable source of economic income, and have sufficient ability to repay the principal and interest;
3. Good credit record and no bad social record;
(4) Being able to pay the down payment in a specified proportion;
5. Can provide sufficient and effective guarantee:
6. Whether the loan application amount, term and purpose are reasonable;
7. Open a personal account in a lending bank, and allow the lending bank to deduct relevant funds from the account as required;
Other conditions stipulated by the lending bank.
Finally, I need to remind you that due to the different specific provisions of loans in each branch, you can contact the personal loan center of the bank to consult the loan processing process and the conditions to be met. If you plan to buy a house with a loan, try not to retire.