Matters needing attention in buying a house by loan
1. Prepare enough down payment.
According to the latest mortgage regulations, the first suite usually needs to prepare 30% down payment, and the second suite needs to prepare at least 40%. In addition, considering the interest rate, people who borrow money to buy a house should prepare more funds, and it is best to ensure that their monthly income is more than twice the monthly payment, which will help improve the mortgage pass rate.
Don't use the provident fund before applying for a loan.
If the borrower takes the balance of the provident fund before the loan, it will make the balance of the provident fund in his provident fund account become zero, and then the amount of the provident fund loan will become zero. In other words, you can't successfully apply for provident fund loans at this time.
3. Clear the repayment method in advance.
At present, there are two main ways for bank loans to buy a house, equal principal and interest and average capital. Although the average capital interest is low, the monthly supply is high and the pressure is relatively high. The total interest of equal principal and interest will be higher, but the monthly repayment pressure is small. You can choose the appropriate repayment method based on your own situation.
4. Don't repay the loan in advance within 12 months from the loan date.
It is best not to repay the loan in advance in the last year! Because according to the relevant provisions of provident fund loans, the prepayment should be made after one year of repayment, and the amount returned by the lender should not be less than six months of repayment.
Don't forget to inform the lessee about renting the house after the loan.
If the mortgaged house is rented during the loan period, it is obliged to inform the lessee in writing of the mortgage facts.
6. Contact the bank in time when the loan is not paid.
If the repayment ability declines during the repayment period, remember not to be hard-pressed, and you can apply to the bank for an extension of the loan period. Some banks, after investigation, find that the situation is true and confirm that the lender has not defaulted on the loan principal and interest, and generally accept the application.
7. Don't forget to cancel the mortgage after the loan is paid off.
If all the loan principal and interest have been paid off, you can cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the collateral to the real estate transaction core of the district and county where the real estate is located.