What are the risks of mortgage loan?
1, default risk
The risk of default includes compulsory default and rational default. Compulsory breach of contract refers to the passive behavior of the borrower, and the theory of ability to pay holds that compulsory breach of contract is caused by insufficient ability to pay. This shows that the borrower has the willingness to repay, but has no ability to repay. Rational breach of contract refers to the borrower's active breach of contract. According to the equity theory, in a perfect capital market, the borrower can only make a decision whether to breach the contract by comparing the unique rights and interests in his house with the size of mortgage debt.
2. Liquidity risk
Liquidity risk refers to the risk that short-term deposits and long-term loans are difficult to realize, and liquidity is an important principle for banks to ensure asset quality. Today, liquidity risk is reflected in two aspects. First, at present, China's housing loans mainly come from provident fund and savings deposits. Savings deposits absorbed by banks belong to short-term deposits, generally only three to five years, while housing mortgage loans belong to long-term loans.
3. Business cycle risk
Business cycle risk refers to the risk caused by the periodic fluctuation of the overall level of the national economy. Compared with other industries, the real estate industry is more sensitive to the business cycle.
4. Interest rate risk
Interest rate risk refers to the risk brought by the change of interest rate level to the value of bank assets, which is determined by the capital structure of short-term deposits and long-term loans. Fluctuations in interest rates, whether rising or falling, will bring losses to banks. If the interest rate rises, the interest rate of housing mortgage loans will also increase, which may increase the repayment pressure of borrowers. The higher the loan amount, the longer the loan term and the greater the impact, thus increasing the risk of default.
What are the terms of mortgage loan?
1. The property must be a property without ownership dispute. You can apply for a mortgage loan in your own name, in someone else's name or even in someone else's name. But there is a premise, that is, there must be a written signature of the property owner agreeing to mortgage, and the bank will agree.
2. Generally, mortgage loans for first-hand houses require that the age of the house should not exceed 20 years, and the age of the house plus the loan period should not exceed 40 years. The longest loan period can be divided into three situations: the longest personal housing loan is 30 years, the longest consumer property mortgage loan is 65,438+00 years, and the longest operating property mortgage loan is 5 years.
3. If the second-hand house is mortgaged, the requirements for the age of the house will be stricter. /kloc-in principle, you can apply for mortgage loans for second-hand houses within 0/5 of the age. But in fact, the loanable amount of second-hand houses in 15 years is not so high, and the term and interest rate are not so cost-effective.