Although house prices are still rising, there are still many people who want to buy a house. Most property buyers will choose to pay by installments to reduce the economic burden on themselves and their families. Then, can I get a loan for buying a house by installments? What are the conditions for mortgage loan? Let's take a look with Bian Xiao!

1. Can I get a loan to buy a house by installment?

A house bought by installment cannot be loaned, because the house bought by installment is still mortgaged, and the lender has not obtained the real estate license, so it is impossible to handle the mortgage registration of the house. The lender needs to pay off the loan first, and then cancel the mortgage in the local housing management department before handling the mortgage loan.

Second, what are the conditions for housing mortgage loan?

1. To apply for housing mortgage loan, the applicant must be at least 18 years old and at least 55 years old, and the amount of housing mortgage loan should be controlled between 50% and 70% of the appraised real estate price. Some banks may increase the amount of mortgage loans.

2. The house age shall not exceed 20 years, and the applicant has a stable job and income. The effective progress of the monthly bank account must be more than twice the monthly repayment amount, and the personal credit status is good, and there is no overdue repayment. Otherwise, banks will raise interest or even refuse to issue loans on the grounds of credit.

As far as the current situation is concerned, the types of houses that banks accept mortgage loans are office buildings, serviced apartments and commercial houses. And the repayment ability of the applicant is the main factor. Therefore, if the applicant can provide proof of assets such as securities and vehicles, it will help to increase the amount of real estate mortgage loans.

Summary: Can I get a loan for a house bought by installment? I hope I can help my friends in need. If you plan to apply for an installment loan, you can judge whether you are suitable to apply according to your actual situation and estimate whether your economic conditions can repay on time.

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