Mortgage loan refers to the loan business carried out by mortgage.
Mortgage loan refers to a loan business conducted by mortgage. For example, housing mortgage loan is a personal housing loan business in which buyers use the purchased housing as collateral and the real estate enterprises that purchase the housing provide regular guarantee. The so-called mortgage means that the mortgagor transfers the property rights of the house to mortgage, and the beneficiary acts as the repayment guarantor. After the mortgagor pays off the loan, the property rights involved are immediately transferred to the mortgagor, and the mortgagor enjoys the right to use in this process.
Legal relationship of mortgage loan
In the mortgage relationship, there are 4-7 legal relationships:
1. The contractual relationship between the buyer and the seller;
2. The fund lending relationship between the buyer and the bank;
3. The relevant bank between the bank and the developer agrees to provide a loan contract relationship for the pre-sale project;
4. The developer agrees to provide the bank with the guarantee relationship of the buyer's repayment responsibility before the real estate license is processed;
5. The mortgage relationship between the buyer and the bank;
6. The insurance relationship arising from the buyer's insurance with an insurance company for the loan;
7. When the buyer fails to repay the principal and interest of the bank, the bank or developer buys back the buyer's house.
The amount and duration of mortgage loan
1, loan amount
The maximum shall not exceed 80% of the total price of the purchased property, and the maximum for commercial outlets shall not exceed 60%. The loan applicant's unilateral deposit meets the conditions of the provincial housing provident fund loan, and the maximum single loan amount does not exceed 400,000 yuan; The deposit of both husband and wife also meets the conditions of the provincial housing provident fund loan, and the maximum single loan amount does not exceed 600,000 yuan.
2. How to determine the term of mortgage loan?
The longest period shall not exceed 30 years. Generally speaking, the loan period of mortgage can be up to 30 years.
The loan term shall not exceed the remaining legal service life of the house. Houses have a service life, and the current service life of houses is 70 years. This problem does not exist in new houses, mainly restricting second-hand houses.
In principle, the sum of the age of the applicant and his spouse or * * * applicant and the loan application period shall not exceed 5 years after his statutory retirement age, and the loan period shall be calculated as the shorter one.