After all, the guarantor is jointly and severally liable, and guaranteeing others will affect personal credit and asset-liability ratio.

But as long as the other party has been repaying the loan normally, and your personal credit is fine, your personal qualifications are good, you meet the loan conditions of banks or lending institutions, and you have the ability to repay the loan principal and interest on time, then you can still apply for a mortgage smoothly.

What are the requirements of the guarantor of the house loan?

1. When applying for a housing loan, if the borrower has enough income or a good credit record, the loan is generally easier to be approved. However, if the borrower's income is not enough, or his credit history is not good, and the down payment is not enough, the lending institution will ask the borrower to find a guarantor to personally bear the debt of the house.

2. Common mortgage guarantors include parents as guarantors for their children, spouses as guarantors, brothers and sisters as guarantors, or friends as guarantors. If the borrower fails to repay the loan, the guarantor is liable for repayment. Before committing to be a guarantor, you must think clearly, because if you sign the money and debt guarantee, you will be personally responsible for paying off the debts to the lending institution.

3. Even if the relationship between the guarantor and the debtor changes, for example, the husband guarantees his wife to take out a house loan, and the two divorce, the guarantee will not be affected by the dissolution of the marriage relationship, and it will still be valid. In other words, once a guarantor signs as a guarantor, he will always be a guarantor, unless the borrower is approved by the lending institution to cancel the guarantor qualification.

4. The mortgage guarantor shall bear all responsibilities. Under normal circumstances, the borrower repays the loan by himself, and the guarantor does not have to worry about it. However, the loan amount and monthly payment borrowed by the borrower will generally be displayed in the credit record of the guarantor.

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 registration and notarization of real estate mortgage 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.

Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan.

Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old.

Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.