Bank loan terms:
(1) has legal status;
(2) Have a stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record;
(3) There is a legal and effective purchase contract;
(4) If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and a down payment of not less than 30% of the total price of the purchased house has been prepared or paid;
(5) Housing mortgage loan has been purchased and handled, the original housing mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 years;
(6) Being able to provide effective guarantee recognized by the loan bank;
(7) Other conditions stipulated by the lending bank.
loan limit
The maximum does not exceed 70% of the purchased housing price;
deadline
Usually the longest is 30 years. If the newly purchased house is used as the maximum mortgage, the starting date of the validity period is the day before the signing date of the individual housing loan contract; If the original mortgage loan of China Construction Bank is converted into the maximum mortgage loan, the starting date of validity is the day before the original mortgage loan issuance date;
loan rate
The loan interest rate is the same as the individual housing loan interest rate.
Refer to the above content: Baidu Encyclopedia-Mortgage Loan