The bank has the following provisions on the loan life of second-hand houses

1. The sum of the age of the second-hand house and the loan period cannot exceed 30 years. Some banks stipulate that it should not exceed 40 years, while others stipulate that it should not exceed 50 years.

2. The maturity date of the loan cannot exceed the land use period;

3. The sum of the loan term and the borrower's age shall not exceed 65 years old;

The term of second-hand housing loan is affected by the borrower's age, the age of second-hand housing and the land use period. The younger the borrower is, the longer the loan period he can apply for;

For the age of second-hand housing, the bank will comprehensively calculate the loan period according to the remaining ownership time of the house. Banks generally stipulate that the age of second-hand houses should not exceed 20 or 25 years, some banks stipulate that it should not exceed 15 years, and more stringent requirements should not exceed 10 years. So if the house is too old, it may not be able to borrow the longest life.

In addition, the service life of the land is also an important factor affecting the loan life. The service life of the house is calculated from the time when the developer takes the land. The normal service life of land should be 70 years, but the average second-hand house certainly can't reach this life. The short service life of land will also affect the service life of mortgage.

Second, the second-hand housing loan period

1. The sum of the service life of the second-hand house and the loan term cannot exceed 30 years; 2. The age of second-hand houses cannot exceed 15 years; 3. The maturity date of the loan cannot exceed the land use period; 4. The sum of the loan term and the borrower's age shall not exceed 60 years old. It is worth noting that the above four provisions on loan term must be met at the same time.

Third, how many years is it cost-effective to repay the second-hand house in advance?

1, one-time prepayment

If the buyer chooses to prepay in one lump sum and pay off all the mortgage principal, it is recommended to apply for prepayment after 2 years of repayment. Because most banks have regulations, if the buyers choose to repay the loan in advance, if the repayment period is less than 2 years, they need to charge a penalty of about 3% or a handling fee. If the buyers choose to repay the loan in advance after the expiration of two years, many procedures can be saved.

2. Repay part of the loan in advance

If the buyer chooses to repay part of the loan in advance, the repayment method is equal principal and interest. It is suggested to calculate how much mortgage principal he still lacks. Because under the repayment method of equal principal and interest, the more unpaid principal of the buyers, the more interest. If the buyer still has more than half of the principal outstanding, it is more cost-effective to choose to repay the loan in advance, because it can reduce a lot of interest. However, if the mortgage principal of the buyers has been repaid a lot, there is no need to choose to repay the loan in advance, because the basic repayment of the buyers behind is interest.

In addition, it is also necessary to remind buyers that when repaying loans in advance, it is best not to choose the method of "keeping the remaining loan principal unchanged and shortening the repayment period". This method will increase the monthly payment burden of buyers and increase risks, which is not very cost-effective compared with other methods.

It should be noted that the average principal and equal principal and interest can be selected for mortgage repayment, and different repayment methods also have a certain impact on early repayment. Because sometimes it is cost-effective to repay the average capital within a certain period of time, but it is not necessarily cost-effective if the repayment method is equal principal and interest. Therefore, users are advised to pay in advance after calculating whether it is cost-effective.

Fourth, the second-hand housing loan period

1. The term of the second-hand housing bank loan includes the following contents: 1. The sum of the service life of the second-hand house and the loan life cannot exceed 30 years. 2. The age of second-hand houses cannot exceed 15 years. 3. The nature of land is that the loan maturity date of the transferred land cannot exceed the maturity period of land use, and the allocated land depends on the situation. 4. The sum of the loan term and the borrower's age shall not exceed 65 years old. Second, the second-hand housing loan process 1, housing selection and signing a house purchase contract, first choose the house you like, then the two sides discuss the price and other aspects, and the two sides sign a house purchase contract after everything is settled without objection. 2. To apply for a loan from a bank, both the buyer and the seller need to bring personal data, the seller's owner needs to bring relevant property certification materials, and the buyer needs to submit an application form for a second-hand house loan to the bank. 3. Waiting for the appraisal of the institution, go to the appraisal institution designated by the location of the house for appraisal. Generally, it is not necessary to make an appointment in advance, and the appraisal report can be issued in about one or three working days. 4. Wait for the bank's audit. After submitting the loan application and evaluating the house, you can submit the relevant information to the bank and wait for the bank's review. 5. After the handover and transfer of the property is audited by the bank, the buyer needs to pay the down payment to the seller. Then go through the property handover, and then go through the transfer procedures. 6. Banks issue loans. According to Article 36 of the Law of People's Republic of China (PRC) on Urban Real Estate Management, when transferring or mortgaging real estate, the parties shall register the ownership in accordance with the provisions of Chapter V of this Law. Article 62 When a real estate is mortgaged, it shall be registered with the department designated by the local people's government at or above the county level. Where the land use right and house ownership are obtained due to the disposal of mortgaged real estate, the transfer registration shall be handled in accordance with the provisions of this chapter. Article 209 of the Civil Code states that the establishment, alteration, transfer and extinction of the real right of immovable property shall take effect after being registered according to law; Without registration, it will not take effect, except as otherwise provided by law. Natural resources owned by the state according to law may not be registered.