1. Apply to the bank
The borrower applies to the bank for a housing loan, explaining the purpose, amount and mortgaged house of the loan. If the application meets the requirements of the bank, the bank loan specialist will tell the borrower the specific procedures and what materials need to be prepared.
2. Submit loan information
Submit the loan application materials according to the requirements of the bank, usually including the borrower's ID card, bank account, personal credit report, homeowner's real estate certificate, etc.
3. Actual evaluation of house value.
After the bank lends the information, the bank will make on-the-spot investigation and evaluate the value. According to the location of the house and the surrounding environment, give a reference price and how much the house is worth.
4. Lending approval
The bank will submit the housing appraisal report and the previous personal application materials to the bank for loan approval, and give approval on whether and how much loans can be made according to the housing value and personal repayment ability.
5. Sign a loan contract
After the first trial of the loan is passed, the bank informs the borrower to sign a formal loan contract, which needs notarization.
6. Go through the mortgage registration formalities
Go to the real estate center for mortgage registration with different property rights and loan contracts.
7. Bank loans
After the above procedures are completed, the bank will transfer the loan to the borrower's personal bank card.
8. Repay on time
According to the loan contract, the repayment shall be made on time and shall not be overdue.
9. Go through the mortgage cancellation procedures.
After the house loan is paid off, the bank should issue a settlement certificate and go through the mortgage cancellation formalities at the real estate center.
The above nine steps are the whole process of mortgage loan. Under normal circumstances, it is handled in accordance with the above process, and individual banks will have small differences, but they are all similar.