Lenders need to pay attention to whether the mortgaged house has paid off the loan when applying for a house mortgage loan. For some lending institutions, it is also to avoid some troubles by not accepting mortgage applications for houses that are still paying off loans.
How long it takes to apply for a mortgage loan is also related to the age of the house or the age of the lender. The younger the lender, the better the location, and the longer the loan period that the lender can apply for.
After the successful application for real estate mortgage loan, the lender must remember to repay in full and on time. Once overdue, it will not only affect personal credit information, but also increase the repayment pressure of lending institutions, and the mortgaged house is also at risk of being disposed of.
What conditions do housing mortgage loans need to meet?
1, legal identity is required;
2, need to have a stable economic income and the ability to repay the loan principal and interest, and no bad credit record;
3. Need to have a legal and effective purchase contract;
4. If the newly purchased house is used as a high mortgage, it must have a legal and effective purchase contract, the age of the house is within 10, and a down payment of not less than 30% of the total price of the purchased house has been prepared or paid;
5. If the mortgage loan has been purchased and handled, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the ownership certificate, and the age of the house is within 10 years;
6. Being able to provide effective guarantee recognized by the loan bank;
7. Other conditions stipulated by the lending bank.
8. The collateral of mortgage loan is your house;
9. You need to have a regular job to repay the loan;
10, find more commercial banks such as China Merchants Bank and Development Bank, which may have lower requirements for your income threshold;
1 1. The loan amount is 50% of the amount assessed by the bank. The appraisal is conducted by an appraisal company designated by the bank. The evaluation value is generated according to the age of your house, ancillary facilities, the degree of residential projects and other related factors. Generally, the evaluation price will be lower than the market price of the house, because banks should control risks.