A 40-year apartment can be mortgaged. However, only in the absence of property rights disputes can it be handled smoothly. As long as the house with clear property rights can handle mortgage loans, mortgage applicants need to have a good credit record and the ability to repay loans and principal and interest. Banks generally stipulate that second-hand houses that are too old and too small, houses that cannot provide purchase contracts or purchase agreements, houses with disputed ownership, and houses within the scope of demolition cannot be used for mortgage loans.

Factors affecting the life of housing mortgage loan

1, property nature

Different properties apply for mortgage loans with different loan life, which means that ordinary houses, commercial projects, factories and other houses apply for mortgage loans with different loan life. For example, the longest life of ordinary residential mortgage loans is 30 years, while commercial mortgage loans can only be borrowed for 3-5 years.

2. Room age

For housing mortgage loan, the life of the house is also one of the factors that affect the loan period and loan amount. Usually, the longer the house is, the lower the loan period and the less the loan amount. The sum of the loan period and the house age cannot exceed 30 years. If the loan amount is less than 10 year, the maximum mortgage interest rate is 70%; If the loan line is valid for 10-20 years, the maximum mortgage interest rate is 60%; If the loan amount is valid for more than 20 years, the maximum mortgage interest rate is 50%.

3. The borrower's repayment ability

When handling housing mortgage loan, even if there is collateral, the bank will still look at the borrower's bank flow, income certificate and other materials, because these materials can directly reflect the borrower's repayment ability. Only borrowers with repayment ability have the opportunity to obtain loan funds. The higher the income of the borrower, the higher the loan funds obtained, and the longer the loan period that can be applied for.

4. The age of the borrower

The life of housing mortgage loan is also limited by the age of the borrower. According to bank regulations, borrowers need to be 18 years old to apply for housing mortgage loans, but in fact, borrowers aged 25-55 are more popular with banks, because borrowers of this age tend to have stronger repayment ability.

Problems needing attention in housing mortgage loan

1. The biggest difference between mortgage loans and other loans is that when the borrower fails to repay the loan for a long time and has to do it, the bank will auction the mortgaged house to make up for the economic losses. Therefore, when banks approve mortgage loans, they will pay special attention to the credit records of borrowers and generally choose borrowers with good reputation to cooperate. If you have more than three overdue users in two years, or accumulated more than six overdue users, it is estimated that it will be difficult for you to apply.

2. In addition to the real estate in my name, the real estate provided by the borrower in the name of others can also be recognized by the bank. However, in order to avoid legal disputes, it is necessary to obtain the consent of the owner of the house when mortgaging the property under the name of others, and at the same time issue relevant application materials for agreeing to mortgage, so that the bank can have no doubt about this. If you take the property to the bank for mortgage without the consent of the owner, the bank will reject your application.