Why is second-hand housing loan difficult?
1. The lender is older.
In fact, many young people basically have no experience in buying a house. When choosing a house, they will be more inclined to choose a new house. Most friends who buy second-hand houses are people who are considering a stable life. These people are older and have a stable mind. Banks usually require borrowers 18-65 years old, of which 25-40 years old is a popular group. However, if the buyers are around 50 years old, they will be older, so it will be more difficult to apply for mortgage loans.
2. The lender's credit is not good.
Some property buyers did not pay special attention to their credit information before buying second-hand houses, nor did they pay special attention to details in their daily lives, resulting in poor personal credit information. If the credit information is good, the lender can get a more favorable interest rate and a higher loan amount. On the contrary, if personal credit is not good, it will be more difficult to buy a second-hand house with a loan. If the lender has a bad record of three consecutive times and six times in total, it will reduce the chance of loan success and even lead to loan rejection.
3. Housing property rights.
In the second-hand housing market, it is easy to encounter houses with property rights problems, and the property rights of houses are also an important factor affecting the application for loans, so it is difficult to borrow money to buy second-hand houses. Second-hand houses need to have legal ownership certificates and state-owned land use certificates to apply for loans, but some second-hand houses do not have property certificates. Even for houses with property certificates, buyers should also pay attention to ensuring that the property rights of the houses are clear, and there are no phenomena such as seizure and mortgage. Otherwise, the bank will not approve your loan, let alone get a large loan.
4. The room is too old
It is said that there are more taxes and fees for second-hand housing transactions. In fact, this is related to the age of second-hand houses and the trading time. Second-hand houses with a certain number of years can enjoy tax incentives. On the other hand, banks will focus on the age of second-hand housing when approving second-hand housing loans. Usually, banks will stipulate that the age of second-hand houses cannot exceed 20 years.
Can I buy an old and a small second-hand house?
Old and small second-hand houses have more problems, and such second-hand houses are not worth buying. The old and young second-hand houses are older, so it will be more difficult to apply for loans, and even it is very likely that loans will be rejected, resulting in buyers needing to buy in full. In addition, the house is older, indicating that it has been used for many years. At this time, there is not much room for appreciation of the house and the liquidity is poor.
Buying second-hand houses is usually more cost-effective, so there are many people buying second-hand houses now. But if you don't pay attention to these problems mentioned by Bian Xiao when buying a second-hand house, you will encounter a lot of trouble when applying for a loan. The above is an introduction about why the second-hand housing loan is difficult. I hope I can help you.