However, when you apply for a mortgage loan, you must go in person and have a fixed number of years to apply for a loan at the bank. Therefore, there is also a repayment period, which will not exceed 30 years at most. Therefore, when the borrower handles the loan, after you choose the repayment period, the bank will calculate the loan interest you choose according to the regulations, and then add it to the equally shared principal, so that the total amount of mortgage loans that the borrower needs to repay every month is formed.
What is the specific process of buying a new house with a loan?
Information to be provided for individual housing loan: When applying for individual housing loan, the borrower should first fill in the Application Approval Form for Individual Housing Loan and provide the following information:
1. Borrower information:
(1) Legal identity certificate of the borrower;
(2) the borrower's economic income certificate or occupation certificate;
(3) Borrowers with spouses need to provide proof of husband-wife relationship;
(4) In the case of co-borrower, it is required to provide a written commitment signed by all parties of the borrower to clarify the common repayment responsibility;
(5) If there is a guarantor, relevant information of the guarantor shall be provided.
2. The purchased house information:
(1) Letter of Intent for Purchase of Commercial Housing Contract or Commercial Housing Sale (Pre-sale) Contract signed by the Borrower and the developer;
(2) A copy of the down payment bank deposit slip and down payment receipt issued by the developer;
(3) Other documents or materials required by the lender.
3. Handling the mortgage registration procedures for individual housing loans: After the loan is approved, the purchaser shall sign the loan contract and mortgage contract with the loan bank, and handle the mortgage registration procedures with the following materials at the real estate management department under the jurisdiction of the housing property rights:
(1) The original and photocopy of the ID card and marriage certificate of the buyer's husband and wife;
(2) Loan contract and mortgage contract;
(3) Real estate mortgage application review registration form;
All procurement contracts;
(5) Other information required by the real estate department.
The time for real estate management departments to handle mortgage registration is generally 15 working days. After the mortgage registration formalities are completed, the mortgagor shall hand over the mortgage certificate of the faster house or the house ownership certificate issued by the real estate management department to the loan bank for safekeeping.
As long as the formal procedures are followed, the problem of how to borrow money to buy a new house will be clear at a glance.