You cannot get a real estate mortgage loan if your credit report is not good. One of the application conditions for a mortgage loan is that the applicant has a good credit report. If the credit report is not good, the applicant does not meet the application conditions for a mortgage loan. Even if the loan application is submitted, the bank will directly reject it. Therefore, users must wait until their credit report is restored before they can apply for a house mortgage loan. In addition, the user's house must also meet the mortgage conditions of the mortgage loan. When the house does not meet the conditions of the mortgage, the user needs to replace the mortgage.
What are the risks of applying for a real estate mortgage loan
1. Default risk
Default risk includes forced default and rational default. Forced default refers to the passive behavior of the borrower. The payment ability theory believes that forced default is caused by insufficient payment ability. This shows that the borrower has the willingness to repay, but does not have the ability to repay. Rational default refers to the borrower's active default. Equity theory believes that in a perfect capital market, a borrower can make a decision whether to default or not simply by comparing the unique equity in its home with the size of the mortgage debt.
2. Liquidity risk
Liquidity risk refers to the risk that short-term deposits and long-term loans are difficult to realize. Liquidity is an important principle for banks to ensure asset quality. Nowadays, liquidity risk is reflected in two aspects. First, my country's housing loans currently mainly come from provident funds and savings deposits. The savings deposits absorbed by banks are short-term deposits, generally only three to five years, while housing mortgage loans are long-term loans.
3. Economic cycle risk
Economic cycle risk refers to the risk arising from the repeated fluctuations in the overall level of the national economy. Compared with other industries, the real estate industry has a greater impact on the economic cycle. High sensitivity.
4. Interest rate risk
Interest rate risk refers to the risk that changes in interest rate levels bring to the value of bank assets. It is determined by the capital structure of its business of short-term deposits and long-term loans. , fluctuations in interest rates, whether they rise or fall, will bring losses to banks. If interest rates rise, the interest rates on housing mortgage loans will also increase, which may increase the borrower's loan repayment pressure. The higher the loan amount and the longer the loan period, the greater the impact, thereby increasing the risk of default.
What is the process for a personal real estate mortgage loan?
1. For a house mortgage loan, you need to prepare all the information, including the couple’s ID cards, household registration, marriage certificate, real estate certificate, house purchase contract or personal account for the past six months. Bank statement.
2. When taking out a house mortgage loan, the bank will review the borrower's loan application, house purchase contract, agreement and related materials. The borrower submits the property title certificate and insurance policy or securities of the mortgaged property to the bank for collection. The guarantors of both the borrower and the borrower sign a housing mortgage loan contract and have it notarized.
3. After the contract is signed and notarized, the bank's deposits and loans from the borrower will be transferred to the house selling unit or building unit specified in the house purchase contract or agreement by transfer.
4. The couple’s ID cards, household registers, marriage certificates, real estate certificates, house purchase contracts or evidence, and bank statements of personal accounts in the past six months. For mortgage registration procedures, the bank will go to the housing management department to handle the mortgage registration procedures with the house ownership certificate and the notarized loan contract.