Detailed process of housing mortgage loan:

1. Apply for a loan

The purpose, amount and duration of the borrower's application for a loan from a financial institution. If the loan application meets the loan scope of this financial institution, then you need to prepare the corresponding information.

2. Submit loan information

Submit application materials, including but not limited to the following contents (depending on the specific provisions of each bank's products): borrower's ID card, running water in the past six months, work certificate, credit report, real estate license, etc.

If an enterprise needs to mortgage real estate, the materials it needs to provide include: three certificates, account opening permit, articles of association, enterprise capital verification report, purchase and sale contract, running water of the last six months, financial statements of last year and the last six months, and asset certificates (different materials will be provided according to different banks).

This link is a very important link in the process of real estate mortgage loan, because many customers are in urgent need of money when lending. If these materials can be prepared in advance, it will save a lot of trouble.

3. House evaluation

After the materials are submitted completely, the bank will conduct on-the-spot investigation and evaluation according to the mortgaged house. Each link is an important link in the process of real estate mortgage loan, which directly determines the amount of your mortgage loan. Generally speaking, there will be some discrepancy between this assessment and the market price, because the assessment agency will consider multiple factors.

Step 4 apply for a loan

The housing appraisal company submits the appraisal report or appraisal opinion to the bank for approval.

5. Sign a loan contract

The borrower and the lending institution shall sign and seal the loan contract and all relevant documents, which shall be notarized by a notary.

6. Mortgage registration procedures

The bank shall go through the mortgage registration formalities at the real estate office with the house ownership certificate and notarized loan contract.

7. Bank loans

Due to the different regulations of banks, loans will be made to the accounts of cooperative merchants in the form of cash, punch card or remittance.

8. Repay on time

This point can not be ignored, it is an important link to establish a good credit, and if it is repaid in full and on time, it will play a positive role in promoting the borrower to borrow again and find a job in the future.

9. After the loan is settled, go through the mortgage registration cancellation procedures.

Note: After the loan is settled, the mortgage cancellation formalities shall be handled at the Real Estate Bureau.