First of all, it must not be a newly bought house. If the house was bought two or three months ago, then such a house cannot be used as a mortgage for the whole house. If the property ownership certificate has been kept in our office for more than three months, then such a house can be used as a whole house mortgage. After meeting such conditions, it depends on the price of our whole house. If our loan amount is more than 70% of our whole house valuation, then we can't approve such loan amount, because according to the law, our loan amount must be less than 70% of the whole house valuation. If we want to borrow more than 70% of the appraised value of the house, then this amount will not be approved.
Secondly, the loan applicant must be at least 18 years old, and the age cannot exceed 65 years old, but I am not very clear about the loan because this age is very flexible. Then look at the identity of the lender. If the lender wants to mortgage the whole house, it depends on the identity of the borrower. This person is either a legal person or a shareholder. If he has no habit of stock trading and is not a shareholder, then he can be a legal person. We don't need too many conditions. We just need to register a new company or trademark ourselves.
As far as I know, few regions can achieve an annual interest rate of 3.8, which is rare, and the loan policy in each region is different. The loan policy you hear in other places may be different from your local loan policy, so be sure to ask clearly when you call the bank, and finally carefully consider whether your conditions require a loan.