Basically, every commercial bank can apply for a mortgage, but the mortgage interest rate of different banks and related regulations and requirements will be different. So, if you want to apply for a mortgage, you can actually choose any bank to apply.

But usually when people borrow money to buy a house, developers will let buyers go to their cooperative banks to apply for mortgages. Many developers will not only verbally ask for it, but also write it into the purchase contract. Therefore, people generally go to their designated banks to apply for mortgages in accordance with the regulations of developers, and will not randomly choose a bank to apply for mortgages.

Of course, many developers have cooperation with more than one bank, so when people apply for a mortgage, they can choose a suitable one from the developer's cooperative banks to apply. When choosing, you can compare the respective mortgage interest rates of those banks, as well as the relevant regulations, restrictions and requirements. After selection, you can bring relevant information to the outlets as needed.

What is the process of handling bank mortgage?

1, sign a contract and pay down payment: before applying for a mortgage, the buyer must sign a house purchase contract and prepare the down payment for the house purchase. Signing a house purchase contract is particularly important for buyers, which generally includes the area, unit price, total price, building, floor, unit, number of households, etc. At the same time, it is necessary to negotiate relevant precautions and supplementary terms, including the division of responsibilities after delivery and the handling methods of emergencies.

2. Submit a loan application: After paying the down payment, the buyer can submit a loan application to the bank. For buyers who buy new houses, developers have their own cooperative loan banks. When applying for mortgage, buyers should try to choose the loan bank that the developer cooperates with, and prepare the loan information needed by the bank, and then fill in the mortgage loan application form.

3. Bank review and approval: The loan bank will review the information provided by the buyers, during which the buyers may have to wait for some time. The loan bank will mainly review the housing situation and the qualifications and credit status of the borrower. If the credit of the loan applicant is not good, it will directly lead to the failure of the mortgage application, so it is very important to accumulate good personal credit in life.

4. Sign the mortgage contract: After the bank verifies the information of the buyers, it will inform the buyers to sign the mortgage contract. After obtaining the proof of house payment, the property buyers sign mortgage contracts with developers and banks with the relevant legal documents stipulated by banks, and specify the rights and obligations such as the amount, term, interest rate and repayment method of mortgage loans.