1. What are the risks of mortgage loan with real estate license?
1, loan purpose
Many people wonder, what are the risks of loan use? In fact, with the tightening of credit policy, banks also have certain restrictions on the use of real estate license mortgage loans.
Generally limited to personal consumption and business scope. Banks explicitly prohibit high-risk investment behaviors such as stocks, securities and futures spot, as well as illegal behaviors such as gambling. Therefore, the loan funds should be used correctly.
Step 2 repay
Mortgage loan with real estate license is a product with large financing amount and long repayment period. Therefore, before handling it, you need to make a self-examination of your economic situation for a long time to come.
Make sure you have the ability to repay the loan. Because in the case of unreasonable loan repayment, the bank has the right to go through legal procedures and auction your mortgaged property, and the proceeds will be used to repay the loan principal and interest first.
3. Loan channels.
The safest thing is to find a bank, after all, the source of funds is absolutely safe. If you are looking for a private lending institution, you need to pay attention to whether the institution is legal and compliant. Bian Xiao has the responsibility to remind everyone here, never pay any fees before getting the loan, so as not to be cheated.
Second, how to prevent legal risks when handling mortgage loans for real estate licenses?
1. If it is handled in a private institution, it is necessary to carefully examine the qualifications and reputation of the borrower and try to choose an institution with legal registration, standardized operation and good reputation.
2. When signing a loan contract, you should read the relevant clauses carefully to ensure your rights and responsibilities, and never sign a document with blank or incomplete contents. In addition, after obtaining the loan, the lender needs to issue an "IOU" or "receipt" according to the actual amount.
3. When handling loans by non-governmental organizations, the agreed loan interest, overdue interest, liquidated damages, late payment fees and other amounts shall not be higher than 4 times the interest rate of similar loans of banks.
4. Never sign more than one loan contract for the same loan.
5. Keep all loan information and repayment vouchers properly. Repayment must be made by bank transfer to ensure that the account name of the payee is the same as that of the lender, and indicate the details such as which loan is returned.
6. After the loan is settled, it is necessary to go through the loan settlement procedures, and the original loan materials, including contracts and receipts, need to be returned to the borrower or destroyed on the spot.
Third, other matters needing attention in mortgage loan of real estate license
1, basically all lending institutions can handle real estate mortgage loans. However, different lending institutions will have different requirements, so when choosing a lending institution, it is best to shop around and choose the right institution.
2, real estate license mortgage loan because there is real estate as collateral, it will be easier to apply. However, the mortgaged property still needs to meet certain requirements. The age of the house is basically no more than 20 years, the property rights of the house are clear, the documents are complete, and it has good mobility.
3. If another person's property is mortgaged, a written document signed by the property owner is required for the mortgage.
Don't forget to ask the guarantee company for help when the loan is in trouble. Generally, guarantee companies and banks are cooperative. With the involvement of the guarantee company, it will be much easier. But you need to pay a certain guarantee fee or service fee.
To sum up, it is best to go to the bank to handle the mortgage loan of real estate license. Just in case, if it needs to be handled from non-governmental organizations, it is best to strictly follow the above requirements in this article for the sake of insurance.