Is there a difference between red and green in Shanghai real estate license?
1, with different properties:
Green certificate is full-cost commercial housing and quasi-cost commercial housing real estate license. The red certificate is the real estate license of the commercial house, which represents the full ownership of the house.
2, the right to use different:
The property ownership of the green certificate is restricted to some extent and may not be transferred or mortgaged. The red card has the right to transfer according to law and can be mortgaged.
3. Different characteristics
Green property is a small property right house, which enjoys a series of welfare systems, but it also limits many rights and interests. The red title certificate can prove that the house belongs to personal private property, and whether it is rented, resold or other legal acts, it is protected by law.
What are the conditions for real estate mortgage loan?
The borrower needs to use the property that meets the requirements of the bank as collateral.
The most fundamental requirement of real estate mortgage loan is to have real estate as collateral, which is the first premise of loan. If the borrower doesn't have qualified real estate for mortgage, then the loan is not operational. For financial institutions, borrowers use real estate as collateral, which means that the risk of this loan is relatively small. Similarly, the interest rate of financial institutions on real estate mortgage loans is relatively low, and borrowers can enjoy lower interest rate concessions.
Second, the borrower has a stable work unit and strong repayment ability.
Regardless of any form of loan, financial institutions will require borrowers to have certain repayment ability. If the borrower's repayment ability cannot meet the requirements of financial institutions, then financial institutions will not agree to this loan. The determination of the borrower's repayment ability is mainly to have a stable work unit. If the borrower has a stable work unit, then the borrower's income will be relatively stable, which makes the borrower have a strong repayment ability.
Third, the borrower's credit information meets the requirements of the bank.
Financial institutions also have certain requirements for borrowers' credit reporting. From the credit information, we can see the borrower's past credit situation, including credit card repayment information, loan repayment information, external guarantee and so on. If the borrower's credit information is good, then financial institutions will think that the borrower has a strong repayment reputation.
Fourth, borrowers have reasonable loan purposes.
Financial institutions have certain requirements for the use of any loan, requiring the borrower to provide practical use before applying for a loan. Financial regulators have obvious regulations on the loan purposes of financial institutions, requiring borrowers to meet the actual needs of borrowers.
What's going on here? Is there a difference between red and green in Shanghai real estate license? What are the conditions for real estate mortgage loan? For the handling of real estate license, we need to know the specific policies and systems. Shanghai is a prosperous city. If China wants to buy a house in Shanghai, he must first understand the local real estate system.