In the past few days, "the age limit of mortgage can be extended to 80 years old" continues to ferment. Today, heavy news came from the property market: the maximum mortgage in Beijing is 95 years. ...
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Previously, Nanning, Guangxi began to implement the "mortgage age limit can be extended to 80 years old".
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According to the local authoritative media in Nanning, the news is true and many banks have confirmed its implementation. It is understood that the policy of "lender's age plus loan term" can be relaxed to no more than 80 years, but the provision of "lender's age is no more than 70 years old" has not changed, and the relevant business premise is that the bank verifies that the lender's income can meet the loan requirements.
According to some bankers, the policy has not extended the loan term, and the longest loan term is still 30 years. It is only possible to postpone the loan age limit to 80, which means that you can get a full housing loan with a mortgage for 30 years at the latest at 50.
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For this policy, online comments are mostly ironic criticism. I cut out some comments from netizens for everyone to see:
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According to Shell Finance, after interviews with many banks in Beijing, the banks have different provisions on the loan life. Most banks
Indicates that no adjustment has been notified at present. At present, most banks in Beijing implement the policy of "purchase age+loan period" not exceeding 70 years old. However, 70 years old is not the "red line" of all banks, and some banks have relaxed their age according to the applicant's conditions.
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A branch of the Bank of Communications said that the current maximum mortgage age can reach 95, but it needs children's guarantee, and the borrower's pension and guarantor's monthly income can cover twice the monthly payment.
If the maximum age of mortgage can reach 95, it means that banks or other lending institutions will provide longer-term loans to older borrowers. This change
Some information was released: 1. People can buy houses in their later years: with the extension of life, many people hope to own their own houses in their later years. By extending the maximum loan age to 95, more people can buy houses in their later years and continue to repay their loans after retirement. 2. The bank's confidence in the elderly borrowers has increased: the bank's approval of the loans of the elderly borrowers means that it has confidence in the borrower's financial situation and repayment ability. This shows that the elderly are no longer considered as high-risk borrowers in the eyes of banks. 3. Changes in economic and demographic structure: The maximum age of mortgage can reach 95 years old, which may reflect the trend of prolonging people's life span and increasing the elderly population. This may also lead to more economic activities concentrated on the elderly and provide them with more financial products and services. In a word, this change conveys to the society that banks pay more attention to the elderly, and also reflects the changing trend of economy and population structure.
I hope my answer is helpful to you, thank you!