The mortgage loan of the house is also subject to credit reporting. General bank credit products will conduct credit investigation. If the loan applicant has a bad credit record before, the bank may not accept the mortgage, or the mortgage amount will be particularly low. In addition to credit reporting, banks will also pay attention to the income of applications. If the income is not ideal, they may not be able to borrow the amount they need. However, unlike mortgage, mortgage can choose to lend only to the part that you can afford, which is generally more flexible.

Bank mortgage loan process

Submit loan application, loan information, house inspection and evaluation, loan approval, loan contract signing, mortgage registration and bank loan. The general procedures for banks to apply for housing mortgage loans are as follows:

1. Submit a loan application to the bank: the content should explain the purpose, amount and term of the loan.

2. Submission of loan information: individuals applying for mortgage loans need to provide the following information: borrower's ID card, running water in the past six months, work certificate, credit report, house title certificate, etc. If an enterprise needs to mortgage the real estate, the materials it should provide include: business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and proof of assets.

3. Housing evaluation: After all the above materials are submitted, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property.

4. Loan approval: The housing appraisal company submits the appraisal report or opinion to the bank for approval.

Verb (abbreviation of verb) sign a loan contract: the borrower signs a loan contract with the lending institution, and all relevant documents, signatures and handprints are notarized by a notary.

6. Mortgage registration procedures: The bank shall go through the mortgage registration procedures at the real estate office with the house ownership certificate and notarized loan contract.

7. Bank lending: Due to different bank regulations, loans will be made to the cooperative merchant's account in the form of cash, punch card or remittance.

What materials should be provided for house mortgage?

I. Information required for mortgage of existing real estate

1, real estate mortgage contract (signed by both husband and wife);

2. Real estate license;

3. Copy of land use right certificate (original inspection);

4. A real estate appraisal report issued by a qualified appraisal agency;

5. Bank loan contract;

6. Proof of the relationship between husband and wife and a copy of the ID cards of both parties (original inspection), and a certificate issued by the civil affairs department where the household registration is located for singles.

Second, the information required for the mortgage of the forward house property

1. Purchase pre-sale contract;

2. Sign a house purchase loan contract with the bank;

3. Copy of the house purchase prepayment receipt (original inspection);

4. A copy of the marriage certificate of husband and wife (original inspection) and a single certificate issued by the civil affairs department where the household registration is located;