Is it easy to get a mortgage?
Housing mortgage loans need to meet the following conditions:
I. Housing requirements:
(1) The property right of the house shall be clear, meet the listing and trading conditions stipulated by the state, and can be traded in the real estate market without other mortgage;
(2) The sum of the house age (calculated from the date of house completion) and the loan period cannot exceed 40 years;
(3) The mortgaged house is not included in the local urban reconstruction and demolition plan, and there are real estate licenses and land certificates issued by the real estate department;
2. Lender's requirements: China citizens who have permanent residence in China and local permanent residence (or valid certificates) and meet the following conditions can apply for individual comprehensive loans.
(1) Having a proper occupation and a stable source of income, and having the ability to repay the loan principal and interest on schedule;
(2) There is no illegal act;
(3) Being able to provide effective pledge guarantee of rights recognized by the bank or take legal and effective real estate as mortgage guarantee or a third-party guarantee with compensatory ability;
(4) Open a personal settlement account of China Industrial and Commercial Bank, and agree that the bank will deduct the loan principal and interest from its designated personal settlement account;
(5) Other conditions stipulated by the bank.
How much can I borrow on my house mortgage?
1. Generally speaking, the mortgage loan amount is different for different mortgaged properties. Under normal circumstances, the mortgage of commercial housing can reach 70%, shops can reach 60%, and industrial plants can reach 50%.
2. There are many factors that affect the amount of mortgage loan, and the evaluation of real estate is an important factor that affects the amount of mortgage loan.
3. The mortgage loan limit is also directly related to the assets owned by the borrower. If there is only one property, so much can only be loaned to half of the value of real estate assessment; If you have multiple properties, you can borrow 70-80% of the value of real estate assessment.
The amount of personal income will also be taken into account by banks. If the personal income is low, the bank will consider whether the borrower has enough repayment ability, and then the bank will reduce the loan amount.
I believe you can see that there is a good mortgage loan here. How much can you use the mortgage loan? There is also a new understanding of related issues. Housing mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan. The borrower's real estate, securities and other documents can legally obtain the lien and pledge of the borrower's property through certain contracts.