For detailed information about mortgage loans, please refer to the following:
Letter of credit clause
1, with urban permanent residence or valid residence status;
2 have a stable occupation and income, good credit and the ability to repay the principal and interest of the loan;
3. There is a purchase contract or agreement;
4. Being able to pay a down payment of not less than 50% of the national defense evaluation price after full purchase;
5. Agree to use the purchased house as collateral, or provide assets recognized by the loan bank as collateral or pledge, or have units or individuals with guarantee qualifications and sufficient compensation capacity as guarantors to repay the principal and interest of the loan and bear joint and several liabilities;
6. Other conditions stipulated by the lending bank.
Loan amount, term and interest rate
The maximum amount of mortgage loan for second-hand houses usually does not exceed 50% of the purchased house price or the appraised price. The loan term shall not exceed 15 years minus the service life of the house, and the longest loan term shall not exceed 20 years minus the service life of the house. The loan interest rate is the individual housing loan interest rate stipulated by the People's Bank of China.
Bidding procedures
1. The borrower submits a written loan application and provides the following information:
(1) Housing transaction contract signed by the buyer and the seller and signed by the competent department;
(2) the property right certificate of the purchased house and the document that the house owner agrees to sell;
(3) the borrower's family property certificate and income certificate (including personal income certificate, tax payment certificate, bank deposit certificate, real estate license, securities, etc.). Issued by the work unit);
(4) The borrower's legal and valid identity certificate (referring to the resident ID card, household registration book or other valid proof of residence) and proof of marital status;
(5) The document that the borrower and the co-owner agree to mortgage the purchased house.
2. The buyer and the seller open an account in the loan bank, and the buyer deposits the down payment in full into the account designated by the loan bank.
3. After investigation and approval by the lending bank, the borrower and the lending bank sign the Loan Contract and the Authorization for Transfer.
4 for housing transfer, insurance, notarization, mortgage registration and other procedures.
5. Proof of property right transfer. The borrower shall submit the house ownership certificate, house ownership certificate and insurance policy (original) of the purchased house that has completed the mortgage registration formalities to the loan bank for mortgage.
6. Transfer loans. After the above procedures are completed, the loan bank will transfer the loan to the account opened by the borrower in the loan bank, and then transfer the loan from the borrower's account to the seller's account at one time according to the authorization of deduction.