What is the mortgage loan process?
1. Determine the mortgage service company and loan scheme. Before handling the loan, the borrower needs to determine the mortgage service company with the intermediary, consult the mortgage service company for loan and determine the loan scheme. Inquire about provident fund (if provident fund loans are needed). After the borrower and the seller confirm their intention to buy a house, they will provide the provident fund account number, and the mortgage service company will inquire about the provident fund to determine the loan amount and loan term.
2. Sign the loan agreement, and the notarization, insurance and mortgage service company will submit the loan information after the preliminary examination to the loan bank for review. After passing, the mortgage service company will arrange for the borrower to sign a loan agreement with the bank and notarize the agreement, and collect fees, including housing insurance premium. Handle the house transfer and mortgage procedures. The borrower goes to the transaction center in the district where the house is located to handle the house transfer and mortgage procedures, and submits the mortgage receipt to the loan bank through the mortgage service company.
3. Sign a house sales contract, and the borrower and the seller sign a house sales contract. And the mortgage service company will conduct a preliminary audit. After the bank receives the mortgage application and relevant legal documents submitted by the buyers and confirms that the buyers meet the mortgage loan conditions, the specific requirements of the trading centers in different places may be different. Prepare loan information and review loan eligibility. Mortgage service companies assist borrowers to prepare loan information according to the requirements of banks, and some houses need to be evaluated by designated evaluation companies. Issue a loan agreement notice or mortgage commitment letter to the buyers.
4. Apply for real estate license and mortgage certificate. After the lender's real estate license and other rights certificates are issued, the buyers, developers and banks shall go through the mortgage registration and filing procedures with the real estate management department on the basis of the mortgage loan contract and the purchase contract. If the house is delivered in advance, the mortgage registration shall be changed after completion. The mortgage service company will submit a copy of your real estate license and the original certificate of other rights to the bank.
5. Bank loan: After the bank receives the above two certificates from the borrower, the mortgage service company will issue the loan amount to the borrower. After signing the building mortgage loan contract, the purchaser shall open a special repayment account in the financial institution designated by the bank and sign a power of attorney to authorize the institution to pay the loan principal and interest and arrears related to the mortgage loan contract from the account. Bank mortgage interest rate, the borrower can use the bank mortgage loan calculator for accounting.
What are the conditions for housing mortgage loan?
1. The borrower of the housing mortgage loan has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan. The loan amount is determined according to the borrower's credit status, occupation, repayment ability and the liquidity of the purchased house.
2, the purchase contract letter of intent or other documents. Other certificates required by the lending bank. (Second-hand houses should also provide copies of the seller's real estate license, ID cards of several property owners and spouses, and marriage certificates). Copy of ID card, household registration book, marriage certificate and personal education of the main borrower of housing mortgage loan.