Legal analysis: mortgage loan cannot be used to buy a house. Housing mortgage loan has the following points: 1. No matter whether the credit record is good or not, banks will pay special attention to the credit record of borrowers when approving housing mortgage loans, and generally choose borrowers with good reputation to cooperate; 2. The property mortgaged to the bank must have liquidity, otherwise the bank will not accept the application; 3. Whether there is sufficient repayment ability; 4. In addition to the property under my name, the property under the name provided by the borrower can also be recognized by the bank.
Legal basis: Article 39 of the Law of People's Republic of China (PRC) Commercial Bank stipulates that commercial banks shall abide by the following provisions on asset-liability ratio management: (1) The capital adequacy ratio shall not be less than 8%; (2) The ratio of loan balance to deposit balance shall not exceed 75%; (3) The ratio of the balance of current assets to the balance of current liabilities shall not be less than 25%. (4) The ratio of the loan balance to the capital balance of a commercial bank to the same borrower shall not exceed 10%. (5) Other provisions of the State Council Banking Regulatory Authority on asset-liability ratio management. If the asset-liability ratio of a commercial bank established before the implementation of this law does not meet the provisions of the preceding paragraph after the implementation of this law, it shall meet the provisions of the preceding paragraph within a certain period of time. Specific measures shall be formulated by the State Council.
Can mortgage be used to buy a house?
Mortgage loans are not allowed to buy a house. Article 36 of the Measures for the Administration of Urban Real Estate Mortgage stipulates that the mortgaged real estate shall be possessed and managed by the mortgagor. The mortgagor shall maintain the safety and integrity of the mortgaged real estate during the possession and management of the mortgaged real estate. The mortgagee has the right to supervise and inspect the management of mortgaged real estate in accordance with the provisions of the mortgage contract.
Can mortgage be used to buy a house?
Any kind of loan can't be used to buy a house, because in use, people clearly stipulate that you can't enter the real estate industry, not to mention that your house is mortgaged, and he must have borrowed it from the bank. In this case, if someone and the bank find out where the funds are, they may ask you to repay in advance, and you will be very passive.
Housing mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan. The borrower's real estate, securities and other documents can legally obtain the lien and pledge of the borrower's property through certain contracts. This kind of loan is actually a loan method in which the debtor (mortgagor) legally transfers the property ownership to the creditor (mortgagee) to obtain a loan. During this period, if the debtor fails to repay the loan principal and interest on schedule, the creditor has the right to dispose of the collateral and get priority compensation. This loan method can reduce the loan risk of creditors and provide the most effective guarantee for creditors to recover their loans. The use of mortgage loan in housing credit is based on the security, liquidity and profitability of bank operating funds. Because the borrowers of this kind of housing loan are mostly individual residents, and it is impossible for banks to clearly understand the financial strength and credibility of borrowers, which increases the risk of bank loans, and mortgage loans provide creditors with effective protection to recover loans just under the condition of high loan risk. Therefore, most banks use mortgage loans when granting housing loans to individual residents.
Essence: Mortgage housing loan actually refers to the variety of commercial housing that customers already have that can be listed and circulated with mortgage bank loans. Unlike second-hand housing loans and first-hand housing loans, customers already own real estate, not about to own it. Mortgage housing loans need to have clear loan purposes and cannot be used for purposes explicitly prohibited by laws and regulations, such as real estate speculation and stock speculation. It is required that mortgage housing loans should be earmarked for special purposes and be supervised by lenders and regulatory agencies. If violations are found, the bank has the right to recover the loan.
Can mortgage funds be used to buy a house?
Whether the mortgage loan can buy a house depends on whether the lending institution has any restrictions on the use of the mortgage loan. If the institutional loan conditions stipulate that the loan purpose cannot be used for house purchase, the institutional mortgage loan cannot be used for house purchase. General bank lending institutions have restrictions on the use of loans, and finance companies are more likely to set no restrictions on the use of loans.
What are the precautions when choosing a mortgage: 1. Pay attention to the repayment period of the loan. The repayment period of the loan is accurately described before the loan. The mortgage period of the house is more than ten years. As long as the customer pays off the loan within ten years, he can redeem the house. This condition is quite rich for ordinary people, because it is easier to pay off loans for more than ten years. Compared with the mortgage amount, only the principal repayment is relatively loose. 2. Pay attention to the age limit of mortgage. Loans also need age restrictions to regulate the loan industry. Some minors may own their own property, but they are not allowed to borrow money, because minors have no corresponding labor force and cannot provide stable repayment. Therefore, before mortgage, we should pay attention to the age limit of mortgage, so as not to be unable to borrow because of age limit. 3. Pay attention to a stable source of income and maintain the ability to repay loans. When making a loan, the borrower will check the lender's income source. The follow-up work of housing mortgage loan needs a stable source of income, because stable income is the middle bridge to maintain the repayment relationship between the two parties, which can increase the loan amount, ensure stable income, exert appropriate pressure on the follow-up repayment work, and increase and maintain the repayment date.
Handling mortgage loans can provide sufficient funds for customers' subsequent business development. When choosing a mortgage loan, we should not only pay attention to the environmental life of the loan, but also pay attention to the fact that the mortgage period cannot exceed the specified period. At the same time, it is necessary to keep the lender's income stable and prevent the subsequent repayment from being unknown. Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. A simple and popular understanding is that borrowing money requires interest.
Through loans and monetary funds, banks can meet the needs of society for supplementary funds, expand reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.
Is mortgage to buy a house feasible?
It is not feasible to buy a house with a mortgage loan.
House mortgage loan can't be used to buy a house. Housing mortgage loan is a kind of consumer loan, which belongs to consumer mortgage loan. The bank put forward some requirements for the use of this loan. If the loan is used to buy a house, it is generally not allowed at present. On the one hand, it is also to prevent real estate speculators from using space to borrow real estate, on the other hand, it is also for the needs of the property market regulation policy.
This kind of loan method is to mortgage the real estate in one's own name to the bank as collateral, thus lending a relatively large amount, which can be used to buy a new house, a car, investment and so on. However, it also has some limitations. Its interest rate will be much higher than that of mortgage loan to buy a house, and the loan time will be much shorter than that of mortgage.
Problems needing attention in housing mortgage loan
Pay attention to the decoration, location and obsolescence of the house. If the location is too remote and there is no decoration, the old house cannot be loaned. In other words, we should pay attention to the liquidity and overall value of the house, because ordinary banks have restrictions on the loan amount, and it is difficult to handle loans below 6,543,800 yuan.
Pay attention to whether the housing structure has changed and whether the use of the housing ownership certificate is consistent, otherwise the loan cannot be processed; There is also whether the address on the house ownership certificate is consistent with the actual address. If not, you need to issue a certificate of address change to the neighborhood Committee where the house is located before you can apply for a house loan.
Can the mortgage money buy a house?
The policy does not allow mortgage loans to be used for house purchase or financial investment. It is suggested to deposit the mortgage loan into other bank cards except the mortgage loan arrival card after cash withdrawal, and then you can buy it.