1. What is the difference between a principal lender and a lender?
In terms of regulations, the lender must be the immediate family members of the main lender, such as husband and wife, parents and even children, and must also be the owner of the mortgaged property of the housing loan, but this article is not important to the husband and wife, because the property after marriage belongs to the same property.
In addition to the above special circumstances, there is no legal difference between the principal lender and the lender in terms of rights and obligations, but the principal lender is the main object of the bank's examination on whether it has the loan qualification, and the requirements are higher, and the subprime lender also needs to be examined, but the requirements are not so high.
It is worth noting that many people think that the main lender can divide more real estate, but in fact, the main lender and the lender are not necessarily the owners of the real estate, and the later debts are legally required to be shared by both.
Second, who is more suitable as the main lender?
Many couples have made difficulties in facing this problem. It is generally recommended that the main lender with high and stable income, many banks will stipulate that the monthly loan amount does not exceed half of the monthly income of the repayment person. If the husband and wife have the same loan, they will also consider transferring the income of the lender.
So this is why most banks will recommend high-income and stable main lenders, because it is easy to be recognized by banks. For the party with a good credit record, anyone with credit problems will affect the approval, but if the main lender has credit problems, it will definitely not pass.
There is also a better age to apply for a mortgage. Generally speaking, the younger ones are between 18 and 65 years old, and the longest service life is 30 years. Many banks stipulate that the combined age and length of service of lenders should not exceed 70, preferably 65.
Three. What is the owner and the amount of property?
In order to avoid future disputes, this also needs to be understood. Generally speaking, the lender and the property owner are different, so whose name is written on the property certificate is agreed by both husband and wife, but note that it does not mean that the borrower must be the property owner.
Because from the perspective of China's marriage law, under normal circumstances, the property after marriage belongs to the same property in law (unless otherwise agreed). * * * The amount of each share of the same property is not determined according to the amount returned by each party, but determined by both parties through consultation. If negotiation fails, it shall be allocated at 5: 5 according to the law.