The process of mortgage: prepare in advance, check credit, put on record, mortgage and lend money, and hand over the formalities to the borrower.
Be prepared in advance.
First of all, you should meet your own loan conditions, so that only very good ones will be approved. There is a lot of work to be done in the early stage. Negotiate house prices with owners and developers, including building area, unit price and number of rooms. If you need a loan, you must pay a down payment, usually 30%-40% of the total house price. Then you will sign a house purchase contract with the owner, and then the developer will ask you to prepare relevant materials for commercial loans, which generally include: ID card, household registration book, marriage certificate/single certificate, bank card, income certificate, bank card flow, down payment bill, etc.
Check credit information
Credit investigation is a person's credit, and banks with good credit will grant loans. Subsequently, the developer chamber of commerce and the bank agreed on the face-to-face signing time. Some bank employees are stationed in the sales department, and some customers go to the bank for face-to-face signing. Before the face-to-face interview, the bank staff will check the qualifications of customers. First, they will check their personal credit reports. If there is a bad record that exceeds the bank's regulations, the bank will directly refuse the visa. If the credit is approved, the basic information of the customer will be reviewed, including work and income. If there is no problem, all kinds of form materials can be signed directly. If not, this is only a preliminary inspection. After the bank employees return, they will report these materials to the branch or sub-branch and will not be fully approved until the superior bank approves them.
Filing, mortgage and loan
Loan is a very complicated process, and it takes some time to approve it. After the approval of the bank, the developer will record the purchase contract in the real estate management department. After the filing is completed in about one week, the formal purchase contract will be handed over to the owner and the bank. Then, the bank will take the customer's relevant information to the real estate office for mortgage registration, that is, mortgage the customer's house to the bank. About a week later, the registration certificate of immovable property rights will be issued, which means that the house is officially mortgaged to the bank. Then, after the bank gets this information, it issues loans, which are directly entrusted and remitted to the developer's account.
Give the formalities to the borrower.
When we apply for a loan, we will submit a lot of materials and fill out a lot of forms, but not all these materials are left in the bank. The bank will hand over the signed mortgage contract, repayment plan and payment voucher. For the customer, the mortgage will be processed at this time. In general, the monthly repayment will begin in the month after the loan is issued. This must be returned on time, otherwise it will form a bad record. In severe cases, the house will be directly repurchased or enforced.
Only when there is a house can there be a home, and only when there is a home can there be a passion for struggle. Buying a house with a loan will give you more motivation to work hard. Generally speaking, it takes one to two months to approve the loan, so there is no need to worry during the waiting period. Ok, here is the process of mortgage loan. I hope I can help you!
Related Q&A: What are the steps for handling mortgage procedures? What are the steps to apply for a mortgage loan? The steps are as follows: 1. Submit a loan application to the bank and submit relevant materials; 2. The bank shall review the loan information of the applicant; 3. After approval, the loan bank will notify the borrower to sign the loan contract and guarantee contract, and then go through the mortgage registration and notarization procedures; 4. After the formalities are completed, the bank will lend money according to the contract, and the loan funds will be remitted to the bank account of the real estate developer at one time; 5. The lender shall repay the loan on time every month according to the loan contract. How long after the mortgage, you can get the loan contract directly from the bank. Usually, it takes 1 to 3 days to get it. Users can call the loan bank for consultation in advance. After the mortgage loan is released, the user should repay it in time, and there should be no overdue in the repayment process. When handling mortgage loans, borrowers can choose different repayment methods. Generally, average capital and equal principal and interest are provided for everyone to choose. On the premise of the same loan conditions, the total interest returned by the average capital is lower than the equivalent principal and interest, and the monthly repayment amount of the average capital is decreasing, and the monthly repayment amount of the equivalent principal and interest is the same. It is best to consult different banks before buying a house, so that you can know the loan interest rates of different banks and then choose the bank that suits you best. Moreover, when applying for a mortgage, you need to submit various materials, and the bank will examine and approve them according to the materials. After the approval, the bank will start lending. It takes a long time to get a mortgage. If the borrower does not have a good income in the future, he should be cautious in lending at this time to prevent overdue repayment. If you have a good income in the future, you can repay in advance, which can save a lot of interest.