2. If the lender carries out real estate mortgage loan in a non-financial institution, it usually takes two or three days to release the loan, and the specific lending time shall be subject to the actual processing time of the lending institution.
How to choose the right bank to handle housing mortgage loan
1. Compare loan terms
For mortgage loans, banks should not only see whether the house meets the requirements, but also have more requirements for the qualifications of borrowers, such as credit status and personal income. In the loan company to apply for housing mortgage loans mainly depends on the high value of housing, there is no liquidity. Borrowers with poor credit status and liabilities can generally borrow from loan companies as long as they can provide eligible houses for mortgage.
2. Compare loan interest rates.
Compared with credit loans, mortgage loans are less risky because there is a house as a guarantee for bank loans. However, at present, the interest rates of mortgage products of various banks are different. Specifically, different regions and banks will be different. Even if it is the same bank, the loan interest rate in different regions will be different.
3. Compare the approval speed
There are many procedures for mortgage banks and the approval is very slow. It will take about 20 working days at the earliest to get the loan. The loan company has simple procedures and quick approval, and it usually takes 10 working days to get the loan.
4. Compare loan amounts
Generally speaking, the maximum amount of mortgage bank loans is related to the assessed value, and the maximum amount cannot exceed 70%. This is true of banks and microfinance companies. In the actual examination and approval, the loan company is relatively loose. For the same borrower, the amount approved by the bank may not be as high as that of the loan company.
Which houses can't be mortgaged?
1, schools, kindergartens, hospitals and other public facilities for the purpose of public welfare, whether belonging to institutions, social organizations or individuals, shall not be mortgaged.
2. Small property houses only have the right to use, and there is no ownership granted by the real estate license. Banks naturally do not accept mortgage loans.
3. A house with outstanding loans.
4. Many banks refuse to lend second-hand houses with an average age of more than 20 years and a construction area of less than 50 square meters.
5. Houses less than 5 years old are not allowed to be listed and traded, and banks cannot obtain other rights certificates and can't apply for mortgage loans.
6. Some public houses can't provide the purchase contract or purchase agreement, or can't provide the listing certificate of the delivery center, so they can't make mortgage loans.
7. Buildings listed in cultural relics protection shall not be mortgaged.
8. Illegal buildings Illegal buildings or temporary buildings cannot be used for mortgage.
9. Houses with disputed ownership and houses that have been sealed up, detained, supervised or otherwise restricted according to law shall not be mortgaged.
10. Houses within the scope of demolition.