1. Application: The buyer and the seller take all relevant materials and go to the bank. Receive and fill in the application form of personal loan for second-hand housing, and submit the materials to the staff for review after filling in. The staff made a preliminary evaluation of the materials and gave the approximate loan amount and years. Then the three parties agreed on the time, and the bank contacted the designated real estate appraisal agency for house inspection and evaluation.
2. According to the agreed time, the real estate appraisal agency will go to the Property Office for appraisal. Upon completion, the appraisal agency will issue an appraisal report to the bank. The specific time will depend on the agreed situation, and it can be completed within 3 to 5 working days. The counterparty is required to pay the evaluation fee.
3. Banks should examine the qualifications of loan applicants. After meeting the requirements, the bank will examine and approve the loan amount and loan term according to the assessed house price and comprehensive lender qualification. The approval process usually takes about 5 working days.
4. After approval, the buyer shall pay the down payment to the seller. Then the buyers and sellers and bank staff go to the real estate exchange to handle the transfer of housing property rights with the down payment certificate, mortgage application review commitment letter issued by the bank and other materials. It can be completed on the day of transfer, and the buyer can get the real estate license after waiting for about 20 working days.
5. After obtaining the real estate license, apply for real estate mortgage registration and insurance. Then, after the loan is issued, the bank deposits the house payment into the seller's account, and the buyer starts to repay the current period on schedule according to the contract.
Second, the second-hand housing loan matters needing attention:
1. Evaluate the price and the maximum loan amount.
When banks apply for second-hand housing loans, they will generally evaluate the real estate first, and the evaluation value will generally be lower than its market value. When a bank lends a loan, it is based on the low value between the contract price and the evaluation price, and then multiplied by the loan ratio, which is the maximum loan amount of the property.
2. Completion year and loan term
The completion date on the property certificate is usually easily overlooked by the borrower. In fact, in the process of loan approval, banks usually take the completion date as the main condition that affects the borrower's loan application period. At present, the policy of most banks is "house age+loan period ≤35 years". For example, a house was completed in 1994, and the current age of the house is 15, so the longest loan period is 20 years (that is, 35- 15).
3. Loan percentage and interest rate
At present, the policies of banks in Beijing on second-hand houses are 20% down payment for the first suite, 30% down payment for the second suite, 40% down payment for the second suite, and the interest rate 10% rises. The policy of provident fund loans is that no matter whether commercial loans have been used before or not, whether they are settled now or not, as long as it is the first time to use provident fund loans, the interest rate is based on the current provident fund down payment of 20% and the loan interest rate of 3.87% for more than five years.
However, if you have used provident fund loans before, you need to settle them when you apply for provident fund loans again (at present, some provinces and cities can apply for secondary provident fund loans without settlement).
4. The choice of repayment method
The repayment methods of banks mainly include equal principal and interest, average capital, biweekly payment and fixed interest rate. Various repayment methods are aimed at different customers. For example, matching principal and interest is suitable for teachers, civil servants and other working-class people with stable income. The average capital is suitable for borrowers who can bear greater repayment pressure in the early stage. For example, the repayment method can save more interest than the former.
Biweekly payment is suitable for borrowers who pay wages every week or at the middle or end of the month. Borrowers should not choose repayment methods that are not suitable for them in order to save interest. In addition, borrowers should also combine their existing repayment ability when applying for loans, and the monthly payment should generally not exceed 50% of family income.