What is a second-hand housing mortgage loan?
Second-hand housing mortgage loan refers to a loan that an individual pays a certain proportion of down payment when purchasing a house or commercial house with a property title certificate that can be traded in the market, and the rest is applied to a cooperative institution with the property to be purchased as collateral.
Problems needing attention in the process of second-hand housing mortgage loan
1. Evaluate the price and the maximum loan amount.
When banks apply for second-hand housing loans, they will generally evaluate the real estate first, and the evaluation value will generally be lower than its market value. When lending, the bank multiplies the loan ratio by the low value between the contract price and the evaluation price, which is the maximum loan amount of the property.
2. Completion year and loan term
The completion year on the property certificate is usually easily overlooked by the borrower. In fact, in the process of approving loans, banks usually take the year of completion as the main condition that affects the borrower's loan application period.
3. Loan percentage and interest rate
Borrowers should note that if they have used provident fund loans before, they can only use them when they apply for provident fund loans again.
4. The choice of repayment method
The current repayment methods of banks mainly include equal principal and interest, average capital and so on. Introduce a variety of repayment methods for different customers. For example, equal principal and interest are suitable for teachers, civil servants and other working-class people with stable income, and the average capital is suitable for borrowers who can bear greater repayment pressure in the early stage. Compared with the former, this repayment method can save more interest. Also remind borrowers not to choose a repayment method that is not suitable for them in order to save interest. In addition, borrowers should combine their existing repayment ability when applying for loans, and the monthly contribution generally does not exceed 50% of family income.
5. Selection of loan banks
If the borrower chooses ordinary mortgage products, it is best to consider the number of outlets of each bank, the convenience of repayment and the bank that pays wages. Of course, soft conditions such as service quality should also be considered.
6. Proof of income and repayment ability
When issuing loans, banks will require borrowers to provide proof of repayment ability, which is what we often call proof of income. The income certificate is generally the income status certificate issued by the borrower's unit for the borrower. If the applicant is married and a person's income certificate is lower than his monthly payment, he can apply for a loan with the income certificate issued by both husband and wife. After meeting the requirements, the bank can also examine and approve. In addition, some other assets of the family, such as large deposits, bonds, real estate, etc. , can also be used as proof of income, banks will generally refer to it.
7. Personal integrity and other relevant information of the borrower.
For lenders, personal credit records are very important, because the central bank's credit information system is currently networked nationwide. Personal credit, as a reference for bank approval, directly affects the bank's evaluation of the borrower's repayment ability. At present, credit files mainly include credit cards, real estate mortgage loans and other types of loans. Among them, credit card records are details that many borrowers easily ignore. Although most credit cards are small consumption, whether to repay on time directly reflects personal credit. Here, the borrower is reminded that the credit card must be repaid on time after consumption.
8. Apply for a loan from the loan cycle
The process of property buyers applying for loans needs the cooperation of many institutions (including evaluation institutions, guarantee institutions, banks, etc.). ). Usually, banks need customers to choose the corresponding guarantee service agencies. If it is handled through a guarantee institution, the bank will generally pay the house payment to the owner within 3~4 working days after the buyer and seller complete the transfer procedures. Plus the previous evaluation time and bank approval time, it can be completed within 7 working days at the earliest. Remind the borrower to cooperate with all institutions throughout the process, including the preparation of personal data and the formalities that need the borrower's signature, so as to ensure that the borrower can complete all the formalities in the fastest time.
(The above answers were published on 2015-11-25. Please refer to the actual purchase policy. )
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