What is the difference between a first-class loan and a second-class loan?
1. Loan records are displayed in different ways in the credit report. When applying for a housing loan, only one loan record will be generated, which will only be displayed on the credit report of the main lender, and there will be no such loan record on the credit report of the sub-lender.
2. The loan term is different. The period of applying for mortgage is calculated according to the age of the first-tier lender, not according to the age of the second-tier lender.
3. Different qualification requirements. Usually, when banks apply for loans, they will let the party with good credit status be the main lender and the other party be the sub-lender.
4. The repayment order of provident fund is different. When using the provident fund to repay the mortgage, the balance of the secondary lender's provident fund account will be used only after deducting the balance of the primary lender's provident fund account.
5. Different definitions. The loan applicant refers to the main lender, and the lender is also called the subprime lender.
Whether it is the main lender or not, as long as * * * applies for a housing loan, it has the obligation to repay the mortgage. This is the same as the property obtained by married couples belongs to the same property, and their debts after marriage are also the same debt. Generally, the main lender and the sub-lender each account for 50% of the real estate, which means that the house has two owners, and as long as one of them does not agree to sell, the house cannot be listed and traded.
Precautions:
If once the husband and wife get divorced, the property is decided to be owned by the divorced party, then the other party can request to change the mortgage lender and relieve himself of his repayment obligation. If you unilaterally think that you don't participate in the loan contract, you don't have to continue to perform your debt repayment obligations, which is a great misunderstanding of housing loans.
Generally speaking, both the principal loan and the subprime loan have the same repayment obligation. People with high income and stable income are the main body of loans, and it is easier to pass the loan approval. In addition, the main lender should not have too many bad credit records, otherwise the loan review may be stuck.