2. Secured loan: It is also a way for the elderly to use secured loans. You can ask acquaintances or friends to help guarantee and let the loan go smoothly;
3. Personal mortgage relay loan: If the elderly borrow money to buy a house, they can also choose to let their children apply for a loan together or sign a real estate license together, and extend the loan term depending on the income and repayment ability of one of them. Of course, the best way is to let children lend money to the elderly to buy a house, so that banks can lend more easily.
The above is the related content of how to borrow money when parents buy a house at the age of 60.
How long will the mortgage be approved?
The cycle for banks to handle mortgage loans is generally one month, and it may be delayed to one and a half months to two months under special circumstances. After the loan application is submitted to the bank, the bank will call back. Call back usually comes from the company's landline and personal phone. The approval is generally completed within 3 working days after the call back. After passing, the bank will call the Housing Authority for mortgage registration. After the mortgage is completed, the bank will issue the loan within 2 working days. This article is mainly about the knowledge of how to get a loan when parents buy a house at the age of 60. The content is for reference only.