After the user's economic situation changes, he can't repay the loan in the future, and the bank can auction the property, and the proceeds from the auction can be directly used to repay the mortgage.
If the mortgage loan is not paid, personal credit will be affected. Whether the user wants the property or not, he should pay off the overdue debt as soon as possible.
Personal mortgage loan means that the borrower mortgages the property in his own name and applies to the loan bank for RMB loans for personal legal and compliance purposes, including personal house purchase, car purchase, consumption, business and other legal and legal loan purposes.
The loan period of new house loans shall not exceed 30 years, and that of second-hand houses shall not exceed 20 years; The loan amount is 70% of the appraised value of the house; The loan interest rate is implemented according to the loan interest rate of the same grade in the same period stipulated by the People's Bank of China, and the benchmark annual interest rate is 5.94%.
The benchmark interest rate of RMB deposits and loans of financial institutions will be raised from 20 10. The benchmark interest rate for one-year deposits of financial institutions was raised by 0.25 percentage points, from the current 2.25% to 2.50%; The benchmark interest rate for one-year loans was raised by 0.25 percentage points, from the current 5.3 1% to 5.56%; The benchmark interest rates for other grades of deposits and loans will be adjusted accordingly.
Housing mortgage loan conditions: the service life of the house is within 20 years; Banks have different requirements for the size of houses; The house should have strong liquidity; Generally need commercial housing, apartments, shops, office buildings. General real estate mortgage loans need to be handled by professional real estate guarantee companies. Real estate mortgage loan has become an important means of real estate financing for individual residents. Loans are issued through mortgage loans to meet temporary consumption needs and even business needs, so as to revitalize the real estate held by residents. Moreover, among various financing channels, real estate mortgage loan is still one of the lowest cost ways.
According to the data provided by Anjia Shiyin Guarantee Co., Ltd., the first wholly foreign-owned real estate guarantee company in China, nearly 30% of real estate mortgage loans are used to buy houses again, and other uses account for a relatively high proportion: business use, car purchase, study abroad immigration, decoration and purchase of bulk consumer goods.
Borrowers can not only apply to banks and other financial institutions, but also apply to the real estate mortgage peer-to-peer lending service platform, which will be much faster than banks and other financial institutions.
After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.