Real estate mortgage loan refers to a mortgage loan method in which the purchaser applies for a loan from the bank to pay the purchase price with the purchased real estate as collateral, and the purchaser repays the principal and interest to the bank in installments. Steps: Submit materials-house appraisal-document reviewer reviews materials-bank reviews materials and signs relevant documents.
1, the housing loan generally does not exceed 70% of the total price of the house purchase contract, and the maximum does not exceed 80% of the total price of the house purchase contract;
2. Commercial housing loans shall not exceed 50% of the total contract price;
deadline
1. The maximum term of individual housing loan is 30 years;
2. The longest term of personal commercial housing loan is 10 year;
Personal commercial loan conditions
(1) The loan object is a natural person with full civil capacity.
(2) Having urban permanent residence or valid residence status requires the borrower to have legal status.
(3) Have a stable occupation and income, good credit and the ability to repay the loan principal and interest.
(4) There are some differences in down payment requirements among banks.
(5) There are assets recognized by the lender as collateral or pledge, or units or individuals that meet the prescribed conditions and have compensatory ability as guarantors to repay the principal and interest of the loan and bear joint and several liabilities.
(six) there is a purchase contract or agreement.
(7) Other provisions of the lender.