What are the procedures for second-hand house mortgage transactions?

Many people will choose to buy second-hand houses, but the mortgage transfer process for second-hand houses is more complicated and cumbersome than that of new houses. Please take a look before transferring the ownership. How to follow the process.

What are the procedures for second-hand house mortgage transactions?

1. The buyer and the seller sign a house sales contract, and clearly indicate the loan proportion paid by the buyer in the contract. The buyer and seller go to the local real estate trading center to print out the real estate purchase and sale agreement on-site, and sign a private property collection and payment contract on-site to clarify the entrustment relationship for the collection and payment of transaction funds.

2. Due to the special nature of second-hand houses, first find an appraisal company to evaluate the purchased property. The bank will use the lower of the house transaction price and the appraisal price as the basis for lending. In order to ensure the safety of the loan, the bank will require the buyer to find someone to provide a guarantee. When buying a house, you can find an individual with financial ability or a related guarantee company.

3. The buyer holds the private property collection and payment agreement to the lending bank to deposit the down payment, then applies for a second-hand housing loan to the bank and submits relevant loan application materials. After the bank's approval, the bank will notify the seller that the loan is disbursable.

4. The buyer and seller bring the real estate certificate, sales contract, ID cards of both parties (all originals and copies) and other materials to the Real Estate Bureau to handle the transfer procedures, and bring the original house land certificate to the Land Bureau for replacement. formalities. The buyer brings the real estate certificate, land certificate, transfer receipt, certified sales contract, deed tax invoice and other materials to the real estate bureau to handle the mortgage procedures for the property.

5. The bank will start lending after receiving the mortgage certificate. After the loan is issued, the buyer can receive a new real estate certificate.

6. The buyer must repay the loan on time according to the signed repayment method. After all the loans are paid off, the mortgage registration and cancellation procedures can be completed.

Conclusion of the article: This is the introduction to the second-hand house transfer mortgage process. Before the buyer decides to sign a contract, it is best to first understand the cooperative bank designated by the developer to see if he meets the conditions for a loan, so as to avoid the dilemma of being unable to get the loan approved after blindly signing the contract.

The process of buying a second-hand house with a mortgage loan

The specific contents of the process of buying a second-hand house with a mortgage loan are as follows: 1. Sign a sales contract. The buyer and seller sign a "House Sales Contract" and agree on the buyer in the contract. Pay the house price through a second-hand house loan, and agree on the ratio of down payment and loan. At this stage, the buyer should generally check the seller's "House Ownership Certificate", water and electricity bill records and other documents while viewing the house on site. 2. Confirm the entrustment relationship. The buyer and seller go to the real estate transaction market in the district or county where the house is located to print the "Real Estate Sales and Purchase Agreement" on-site. At the same time, the buyer and seller go to the local housing authority to sign the "House Collection and Payment Agreement" on-site to clarify the transaction funds. An entrusted relationship of collection and payment. 3. Appraisal of real estate Due to the particularity of second-hand houses, the buyer needs to find an appraisal company to evaluate the purchased property first. The bank will use the lower of the transaction price and the appraised price of the house as the basis for lending. It should be noted that some banks will only accept appraisal reports from designated appraisal companies, while some banks do not require them. Therefore, home buyers should consult the lending bank before appraisal. 4. Apply for loan guarantee. In order to ensure the safety of the loan, banks generally require the buyer to provide a guarantee. The guarantor can be an individual with financial ability or a professional guarantee company. It should be noted that some banks have already launched unsecured second-hand housing loans. Therefore, home buyers must be clear about the guarantee fees charged by their bank before applying for a housing loan.

How to buy and sell second-hand houses with loans?

1. Bank credit investigation (go to the People's Bank of China to check the buyer's credit status)

2. House property rights investigation (investigate whether the property is mortgaged, seized, separated, inherited, etc.) *Status of the person with the right)

3. Pay a deposit to the seller and reserve the balance of the house

4. When the house is transferred, the bank will review the loan conditions

5. Banks issue loans

6. Both parties *** go to the property settlement at the same time

7. When paying the balance to the seller, try to choose a national chain of regular brand intermediaries for the safety of both parties. More secure.

Second-hand housing loans refer to the situation where a house buyer uses a building traded on the secondary housing market as a mortgage and applies for a loan from a bank to pay for the house purchase. The buyer then repays the principal and interest to the bank in installments. Loan business.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts.

Banks invest the concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development; at the same time, banks can also obtain loan interest income. , increasing the bank’s own accumulation.

⑴The house buyer and the house seller sign a house sales agreement or house sales contract;

⑵The qualified house buyer applies for a loan to the lending bank and provides relevant supporting materials;< /p>

⑶Buyers and sellers go to the appraisal agency designated (approved) by the lending bank to conduct house appraisal;

⑷The law firm conducts verification, investigation, and analysis of the borrower's credit certification materials and appraisal reports , issue a "Legal Opinion";

⑸The loan bank will review and approve the loan and notify the borrower whether he agrees to the loan;

⑹The buyer and seller will go through the property transfer procedures. After the transfer, the borrower will go to The bank handles the loan procedures;

⑺The home buyer signs a second-hand house mortgage loan contract with the lending bank;

⑻The buyer and seller submit the transferred house ownership certificate to the lending bank for mortgage registration Procedures;

⑼After the loan contract takes effect, the lending bank transfers funds according to the loan contract;

⑽The borrower repays monthly;

⑾The borrower repays Pay off the principal and interest of the loan and release the mortgage guarantee.