1. If the bank refuses to grant the mortgage loan due to the developer's reasons, the property buyer has no responsibility at all, and can ask for a refund and return the house, and ask the developer to pay the liquidated damages.
2. If the mortgage loan can't be done for its own reasons, it is generally not refundable.
What conditions do you need to buy a house mortgage?
1, local permanent residence or residence status, such as household registration book, ID card, temporary residence permit, etc.
2. Ensure that your income and work are normal and stable.
3. Make sure that your credit record is good and you have the ability to repay the principal and interest on time.
4. When the lender must take out the certified assets as collateral when purchasing the house by mortgage, or cannot provide enough collateral, the lender is recognized and meets the corresponding conditions, so that the units and individuals with the ability to repay the loan can act as guarantors to bear the collateral responsibility for the loan principal and interest.
5. Purchase contracts and other agreements or other relevant approval documents.
What should I pay attention to when buying a house with mortgage loan?
1, stay rational and avoid impulse.
Buying a house is a big expense in the family, so we should make all-round preparations. First of all, we should choose the price and area of the house according to our own economic strength. Second, when handling bank mortgage loans, we should accurately estimate our economic affordability. Third, don't use all available assets to pay the down payment, but set aside a part of the risk reserve.
2. Maintain a good credit status.
Undoubtedly, bad credit information will affect the loan application. Under normal circumstances, if there are three consecutive overdue records in personal credit records, the loan application will be rejected to a large extent. Credit cards, mortgages and car loans will all appear in personal credit information if they have overdue records.
3. Choose the appropriate loan term.
The longest loan term of a bank commercial loan is 30 years. If the applicant meets the conditions of long loan term, he can choose the loan term at will, such as 20 years, 10 years, etc. The different loan years directly affect the monthly payment. When the total loan amount is fixed, the shorter the loan term, the less interest will be generated and the more monthly payment will be made. However, considering inflation, it is generally believed that the longer the loan term, the better, at least not less than 20 years.
4. Understand the repayment method.
There are two common repayment methods, equal principal and interest and average capital.
The advantages of matching principal and interest are: the monthly repayment amount is fixed and the repayment is convenient; Disadvantages are: the repayment interest is high, and it is not cost-effective to repay in advance in the later period.
The advantages of average capital are: less total expenditure and cost-effective early repayment; Disadvantages are: the monthly repayment amount is not fixed, and the early burden is heavy.
When choosing repayment methods, buyers can choose according to their future income expectations and fund disposal plans.
5. Early repayment has advantages and disadvantages.
Early repayment refers to the behavior of the lender to repay part or all of the mortgage loan in advance on the basis of ensuring the full repayment of the principal and interest of the individual housing loan on a monthly basis. Buyers who are ready to repay in advance need to pay attention to two aspects. First of all, it should be noted that there are certain conditions for prepayment. If it does not meet the requirements, the bank may charge a part of liquidated damages. Second, if the borrower's repayment in the early stage is cost-effective, other situations are not cost-effective.
6. The loan period can be extended.
What should buyers do if they encounter difficulties in the repayment process and cannot repay in time? Although at the beginning of the loan, buyers and banks made corresponding agreements on the loan term and interest rate, this does not mean that it cannot be changed. Property buyers can propose to change the loan term, and if the loan bank agrees, they can extend the loan term. Of course, it should be noted that under normal circumstances, the loan term can only be changed once.
7. Pay off the loan and don't forget to cancel the mortgage.
Don't forget to cancel the mortgage after paying off the loan. The process is to cancel the mortgage for real estate transaction in the district (county) where the house is located with the bank's loan settlement certificate and the mortgaged real estate title certificate.