I. Interest rate of real estate mortgage loan
Generally, the interest rate of mortgage loans from banks with real estate licenses is around 4.35%. According to different houses and lenders, the interest rate of mortgage loans will be different, subject to the actual lending rate.
Real estate license to apply for mortgage loan needs to meet the following conditions:
(1) China citizen with legal status, aged 18-65 years old (inclusive), with full capacity for civil conduct;
(2) Have a stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record;
(3) There are legal and effective collateral certification materials; (such as real estate license, land certificate, etc. )
(4) Housing mortgage loan has been purchased and handled, the original housing mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 years;
(5) Being able to provide effective guarantee recognized by the lending bank;
(6) Other conditions stipulated by the lending bank.
Second, the real estate mortgage loan method
If you want to get the mortgage loan of the real estate license smoothly, you must first understand what the mortgage loan process of the real estate license is, so that you can be prepared. Now I'll give you a brief introduction for your reference.
Step 1: the borrower prepares the loan procedures and applies to the lending institution;
Step 2: the lending institution accepts the application;
Step 3: the appraisal company evaluates the mortgaged property; Step 4: The lending institution obtains the examination and approval evidence according to the information and evaluation report provided by the borrower;
Step 5: Apply for real estate mortgage after being approved by the lending institution;
Step 6: the lending institution lends money after obtaining the certificate of other rights;
Step 7: the lending institution conducts post-loan management, and the borrower repays the loan in full and on time according to the loan contract; Step 8: After the loan is settled, go through the mortgage cancellation procedures.
Three. Calculation of mortgage interest of real estate license
There are two ways to calculate mortgage interest of real estate license: one is formula calculation; The second is the loan calculator calculation.
1. Calculation formula of total interest for equal principal and interest repayment: total interest = monthly repayment amount * total installments-total loan amount: total interest = {total loan amount *n- monthly repayment principal *[n*(n- 1)/2]}* monthly loan interest rate (Note: n means loan installment).
2. Loan Calculator Although we can know the result through formula calculation, the calculation process in this way is more complicated, and it is easy to make mistakes if you are not careful, thus giving up all your efforts. Therefore, I recommend the loan calculator to you, which can let you know the result easily and quickly.
Through the above explanation and comparative analysis, it can be found that the interest rate selection of real estate mortgage loans is extremely critical, because they determine the interest and cost of specific loans in the later period to a certain extent. In addition, the learning of the process is also crucial, because a reasonable and legal mortgage loan must be based on a standardized process, otherwise it may cause unsatisfactory consequences and even lead to a loss with half the effort. Therefore, Bian Xiao suggested that you can make an analysis with reference to the actual situation, perhaps if necessary.
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