bank loans require the original real estate license. If the borrower uses the purchased self-occupied house as collateral for the loan, it must use the full value of the house as collateral for the loan; if the real estate is used as collateral, the mortgagor and the mortgagee shall sign a written mortgage contract; The borrower must properly keep the mortgaged property during the mortgage period, be responsible for repairing, maintaining and ensuring that it is intact, and accept the supervision and inspection of the lender at any time.

Advantages of bank mortgage loan

First, the amount it can borrow is relatively high. Generally, it can borrow 7% of the value of the house. For example, a 1 million house can borrow 7 thousand.

second, his interest rate is relatively low, and now the market interest rate is generally between 3.6% and 6.5. That is to say, if you borrow 1 million yuan, the minimum monthly payment will be about 3,2 yuan.

Third, it has a long term. Generally speaking, your age and the loan term should not exceed 65.

fourth, the repayment method is very flexible. What we often see is, for example, equal principal and interest, average capital, interest before capital, and so on. Everyone can choose the repayment method that suits them according to their own situation.

Disadvantages of bank mortgage loan

First, it takes a long time to handle, because it involves some procedures such as mortgage, data review and pledge. So the whole process will take two weeks, and that may take a month.

second, the threshold for handling. If you are an individual loan, you will be required to have a business license or business premises. What about the business license? At present, it usually requires registration for more than half a year.

third, the use of loans is strictly required. Especially since this year, er, the state has strictly investigated the loan funds and cannot flow into the housing market and stock market. So when lending money, you will be asked to provide purchase and sale contracts, invoices, etc., and you will be asked to remit the money to a third-party company or individual account.

fourth, once it is found that this money has flowed into the housing market and stock market, it is possible that the bank will take out a loan and ask you to repay it in advance.

fifth, the last one is the risk of the house being confiscated. Then if you pay the principal and interest normally, there is no problem. But if you don't repay the loan on time, and it's overdue to a certain period, then the bank will dispose of and sell the money from your house, which generally gives priority to repaying the bank's principal and interest and other expenses.