After applying for a mortgage, some netizens said that they had not made a loan within 7 months. Some netizens said that the loan they applied for last Wednesday has already been released next Tuesday, and all the processes have been reviewed in just five working days. So why is bank lending sometimes fast and sometimes slow? Generally speaking, how long does it take to get approval after applying for a mortgage? The following small series will give you a brief explanation on this issue. After applying for a mortgage, the approval process will generally take 15 to 20 days, and the mortgage will generally be approved after 15 to 20 days. If your mortgage has not been approved for a long time, for example, some netizens say that they have not got a housing loan within 7 months, then it is likely that their qualifications are insufficient. Of course, this also needs the bank to remind. When the bank feels that you are not qualified, it should also send you text messages in various ways. At this time, you should stop waiting and fill in your information immediately. Regarding the application and approval process of housing loans, I would like to give you a brief supplement here. When we look at the house, we want to buy it through a bank loan. First, we need to submit an application for housing loan to the bank. After submission, the bank will review our loan application, sign a loan contract with us after successful review, and finally the bank will give us a loan. In general, the bank will review our loan application within 15~20 working days. In order to further understand the progress of our application submission, we can also contact the bank at any time. Finally, the speed of bank lending is also closely related to the adequacy of bank funds. If the bank is short of funds, the bank will lend more slowly. This time also needs us to wait.
How long does it take for a general bank mortgage loan to be released?
1, it takes about 22-25 working days, and the specific lending time is subject to the local bank. Generally, it takes 4-5 days to prepare documents for approval, and it takes 2-5 days to obtain other rights certificates after approval (the time of housing management bureaus varies from place to place, depending on local conditions). After other rights are obtained, they will be sent to the accountant, and the money will be released 2-3 days later (there are many lenders, and the time is uncertain).
2. Bank mortgage loan
(1) The correct name of bank mortgage is house mortgage loan, which means that the property right of the house purchased by the buyer is used as collateral, and the bank pays the house price to the developer first, and then the buyer pays the principal and interest to the bank in monthly installments. The proportion of bank mortgage is usually between 50% and 80%, and the term varies from 1 to 30 years. Bank mortgage is the most effective means to promote the real estate market to be active.
(2) concept:
First, it is divided into first-hand mortgage and second-hand mortgage. First-hand mortgage loan means that the applicant (buyer) pays the down payment by himself when purchasing the property from the real estate agency, and the rest is loaned by the bank, and the principal and interest are repaid in installments with the purchased property rights as collateral.
B a mortgage loan for a second-hand building means that when a borrower (purchaser) buys a house with legal and complete property rights (property right certificate has been obtained) from the seller and can be listed and circulated, he will pay the down payment first, and the rest will be loaned by the bank, and the principal and interest will be repaid in installments with the purchased property rights as collateral.
How long does it take for a general bank mortgage loan to be released?
Generally speaking, different banks have different regulations and different approval processes, so the speed of lending will be different. The specific situation requires lenders to implement according to relevant bank regulations. Under normal circumstances, it usually takes a borrower half a month to apply for a loan when the relevant loan conditions are met and the procedures are complete. However, because it is more troublesome to handle loans, such as mortgages, and the property needs to be mortgaged to the bank, it is normal to handle it in one month. Mortgage loan is a personal housing loan business in which buyers use the purchased houses as collateral and the purchased real estate enterprises provide regular guarantees. The so-called mortgage means that the mortgagor transfers the property rights of the house to mortgage, and the beneficiary acts as the repayment guarantor. After the mortgagor pays off the loan, the property rights involved are immediately transferred to the mortgagor, and the mortgagor enjoys the right to use in this process.