1. The lender has high income, repayment ability recognized by the loan bank, the service life of the house is less than 20 years, and the house area is more than 50 square meters;
2. The house has strong liquidity and no defects such as water leakage;
3. The general mortgage loan amount does not exceed 70% of the appraised value of the house, and the general bank loan application amount does not exceed 654.38+0.5 million, with the longest term of 20 years;
4. Provide reasonable loan purposes and clear plans;
5. Other requirements of the lending bank.
The process of mortgage loan:
Choose the right bank. For example, if you want to apply for farmers' loans, you'd better choose a bank that has advantages in farmers' loans, so that you can apply for more abundant products.
2. Submit the loan information required by the bank. Such as ID card, bank card, application form, personal income certificate, credit authorization, etc. , subject to the approval of the bank.
3. Go through the mortgage registration formalities. After the bank loan is approved, first sign the loan contract, then go to the mortgage registration center for mortgage registration, and wait for the bank to lend money after success.
4. Enter the repayment process and repay the principal and interest quarterly, monthly or once as agreed in the contract. Be careful not to be overdue, otherwise the bank will lower our credit score.
What is a mortgage loan?
Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.