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Faced with high housing prices, most home buyers will choose to take out a loan to buy a house. However, when taking out a loan to buy a house, banks have strict requirements on the age of the borrower. , work income, etc. all have certain requirements. So how many years can a 55-year-old get a mortgage? What factors will affect the loan amount? Let’s take a look at these two questions!

How many years can a 55-year-old get a mortgage loan?

According to relevant regulations, the bank’s longest mortgage term is no more than 30 years, and the sum of the borrower’s age and the loan term is also It cannot exceed 70 years. If the borrower is male and is currently 55 years old, the loan can be loaned for up to 15 years. If the borrower is female and is currently 55 years old, the loan can be loaned for up to 10 years. Please refer to your local bank for details.

What factors will affect the loan amount:

1. House age

When applying for a mortgage loan, one of the most important factors that affects the loan amount is the age of the house. Especially for second-hand houses, the general bank requirement is 20-25 years, and some relax it to 30 years. However, if the house is too old, not only will it be impossible to obtain a large loan, but the chance of getting the loan is also very low.

2. Age of the borrower

Secondly, the age of the borrower is also an important factor in applying for a loan. Banks usually require the borrower to be between 18 and 65 years old. If the borrower is older than 60, Over the age of 10, it is generally difficult to apply for a mortgage loan.

3. Personal criminal record

What also affects the loan amount is whether the borrower has a criminal record, such as being complained about debt, or having a criminal record, etc. The credit of these people is basically Zero, the bank has the right to reject your loan application.

4. Occupation of the borrower

The occupation of the borrower is also among the conditions for banks to review housing loans. If the borrower is a civil servant, teacher, doctor, etc., it is easier to obtain a loan, and if the borrower is a civil servant, a teacher, a doctor, etc., it is easier to obtain a loan. People are in high-risk occupations. Generally, banks will also consider the risk of borrowers being able to make repayments in the event of danger.

Summary: The above is the relevant information about how many years a 55-year-old can borrow a mortgage and what factors will affect the loan amount. I hope it can help friends in need. If you need to know more later, For more relevant knowledge, please pay attention to Qijia.com information.

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