Yes, the mortgage can be refinanced. Mortgage means that during the repayment period of personal housing loan, the borrower sells the house as collateral, and the buyer of the house continues to repay the unexpired loan of the seller with the consent of the loan bank. Article 11 of the Interim Measures for the Administration of Personal Loans stipulates that the application for personal loans shall meet the following conditions: (1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal; (3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender.
How to apply for mortgage loan?
Housing mortgage is based on real estate and other physical assets or securities and contracts.
Get a bank loan and pay off the principal and interest in installments according to the contract. After the loan is paid off, the bank returns the collateral. Mortgage means that the mortgagor transfers the property right to mortgage. The beneficiary acts as a guarantee for repayment. After paying off the loan, the beneficiary immediately transfers the property rights involved to the mortgagor, who enjoys the right to use in this process.
If your provident fund loan amount is zero, it means that you will not apply for a provident fund loan. Using housing provident fund loans not only saves money than using commercial housing loans, but also has many advantages such as long loan life and flexible repayment. Moreover, housing provident fund loans can be repaid in advance after half a year of normal repayment. You can repay the loan in part or in whole in advance, and there is no penalty for prepayment.
The prepayment policy of provident fund loans is loose, and it is not limited by time, amount and times. The borrower can repay the loan in advance at any time without charging the borrower any fees, while commercial loans generally charge a certain penalty.
How to refinance a house with a loan
Eligible borrowers can carry ID cards, marriage certificates, family income certificates and other related basic loan materials;
The loan contract, IOU, the latest repayment plan and the latest repayment records or related repayment vouchers of the original loan;
Materials provided by enterprise guarantors, such as mortgage loan entrustment guarantee application, guarantee agreement, power of attorney, etc. , and apply for mortgage loans to banks that have opened related businesses.
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
housing loans
Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. entrusted loan
Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.
Self-operated loan
Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.
Consortium lending
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.
Loan amount: 80% of the value of the loanable property after being audited by the bank.
To apply for a mortgage loan by purchasing or accepting a gift or inheriting the original borrower's property, the borrower must meet the following conditions:
1. The borrower is a natural person with a good credit record and a stable income source.
2. The original borrower must pay off the outstanding principal, interest and penalty interest;
3. The original borrower has the legal right to dispose of the purchased house, and the house has no other rights;
4. If the house is sold for mortgage, the house must be an existing house, and the house property certificate has been obtained; If you apply for remortgage due to house donation or inheritance, the property right transfer of the purchased house must comply with relevant laws and regulations.
The mortgage loan application materials and application conditions of different banks may be different. Please refer to the actual regulations of the loan handling bank.
What are the application conditions and interest rates of personal housing mortgage loan?
Personal housing to mortgage loan
Service brief introduction
Personal housing mortgage loan refers to the business that the borrower who has applied for personal housing loan in the bank needs to transfer the property right and mortgage loan to others at the same time during the repayment period because of the sale, gift and inheritance of the purchased house, and the Bank handles the loan transfer procedures.
service function
Meet your mortgage transfer needs quickly and efficiently.
Application condition
When the borrower applies for remortgage due to the purchase or acceptance of the gift or inheritance of the original borrower's property, it shall meet the following conditions:
1. The original borrower must pay off the outstanding principal, interest and penalty interest;
2. The original borrower has the legal right to dispose of the purchased house, and the house has no other rights;
3. If the house is sold for mortgage, the house must be an existing house, and the house property certificate has been obtained; If you apply for remortgage due to house donation or inheritance, the property right transfer of the purchased house must comply with relevant laws and regulations.
☆ Loan amount
Apply for mortgage to sell the house, the maximum loan amount shall not exceed 70% of the transaction price or assessed value of the house (whichever is smaller), and the maximum commercial house shall not exceed 50%; Due to housing donation, inheritance and other reasons, the loan amount for refinancing shall not exceed the original loan balance.
length of maturity
The sum of the loan period and the housing age of individual housing refinancing shall not exceed 30 years, and the loan period of individual commercial housing refinancing shall not exceed 10 years. At the same time, the room age is generally not more than 15 years.
loan rate
The minimum loan interest rate for individual housing transfer is 0.9 times of the benchmark interest rate of the corresponding grade of China People's Bank; Individual commercial housing is transferred at the loan interest rate and regular interest rate of the People's Bank of China. If the mortgage is applied for due to house donation, inheritance and other reasons, the loan interest rate shall be implemented according to the grade benchmark interest rate corresponding to the original actual loan term plus 0.9 times the loan term.
☆ Materials to be submitted when applying for loans.
When applying for a personal housing mortgage loan from a bank, you should fill in the Application Form for Personal Housing Mortgage Loan of China Industrial and Commercial Bank together with the original borrower. If the original borrower dies and applies for refinancing, the refinancing borrower may fill in the application approval form separately; If the original borrower cannot fill in the form for other reasons, it may be filled in by his agent. At the same time, the following information should be provided:
1. If the house is sold to apply for mortgage, the house sales contract shall be provided; If the house is over 5 years old (inclusive) and the lender thinks it is necessary to make an appraisal, the borrower shall provide the house value appraisal report issued by the real estate appraisal agency recognized by the lender;
2, because of the application for mortgage housing gift, should provide the gift contract and notarial certificate and other relevant legal documents;
3. To apply for mortgage by house inheritance, the original borrower's death certificate and notarial certificate of house inheritance shall be provided;
4. If the husband and wife apply for mortgage for other reasons, such as divorce, they shall provide a divorce certificate, a judgment on the division of property between husband and wife or a notarized agreement on the division of property, and shall specify the ownership of the house property;
5. If the purchased house is mortgaged, the transfer of the house must be approved by the mortgagee;
6. If the property right of the house * * * exists, there must be a certificate of consent to transfer issued by the owner of the house property right * * *;
7. Other documents required by the bank.
How to apply for mortgage loan?
Mortgaged loans generally refer to personal housing mortgage loans. Converting a mortgage loan requires both the original borrower (seller) and the new borrower (buyer). The original borrower (seller) repays the bank loan in advance, cancels the creditor-debtor relationship with the bank and cancels the mortgage registration; Then the new borrower (purchaser) applies for a second-hand housing loan, and the purchased house is used as the mortgage guarantee for the new loan, and the mortgage registration is handled. Legal basis: Article 25 of the General Principles of Loans. If the borrower needs a loan, he should apply directly to the host bank or the agent bank of other banks. The borrower shall fill in the loan application, including the loan amount, loan purpose, repayment ability and repayment method, and provide the following information: 1. Basic information of the borrower and guarantor; Two, the financial department or accounting (audit) firm approved the last year's financial report, as well as the previous financial report to apply for loans; Three, the original unreasonable occupation of loans to correct the situation; 4. List of collateral and pledge, as well as the certificate that the person who has the right to dispose of the collateral and pledge agrees to guarantee, and the relevant documents that the guarantor agrees to guarantee intention; V. Project proposal and feasibility report; Other relevant information deemed necessary by the lender. Article 26 of the General Principles of Loans: Evaluate the borrower's credit rating according to the borrower's leadership quality, economic strength, capital structure, performance, operating efficiency and development prospects. Rating can be carried out by the lender independently and internally, or by an evaluation agency recognized by the competent department. Article 27 loan investigation: after accepting the borrower's application, the lender shall investigate the borrower's credit rating, the legality, safety and profitability of the loan, verify the collateral, pledge and guarantor, and determine the loan risk. Article 28 of the General Principles of Loans: The lender shall establish a loan management system with separate loan examination and grading approval. The examiner shall verify and evaluate the information provided by the investigators, retest the loan risk, put forward opinions and submit for approval according to the prescribed authority. Article 29 of the General Principles of Loans: All loans shall be signed by the lender and the borrower. The loan contract shall stipulate the loan type, loan purpose, amount, interest rate, loan term, repayment method, rights and obligations of both borrowers and borrowers, liabilities for breach of contract and other matters that both parties think need to be agreed. The guaranteed loan shall be signed by the guarantor and the lender, or the guarantor shall specify the guarantee terms agreed with the lender in the loan contract, affix the official seal of the guarantor as a legal person, and be signed by the legal representative of the guarantor or his authorized agent. The mortgagor, pledger and lender shall sign mortgage contract and pledge contract for mortgage loan. If registration is required, it shall be registered according to law. Article 30 of the General Principles of Loans: The lender shall issue the loan on schedule in accordance with the loan contract. If the Lender fails to issue the loan on schedule as agreed in this Contract, it shall pay liquidated damages. If the borrower fails to use the money as agreed in the contract, it shall pay liquidated damages.
This is the housing mortgage loan and housing mortgage loan launched at the end of the year. I wonder if you have found the information you need?