The first condition of real estate mortgage loan is that you have more than two properties under your name and complete documents.
If it meets the requirements, go to the appraisal company for appraisal. If you want to borrow 300,000 yuan according to your conditions, your property must be valued at least 660,000 yuan.
Under normal circumstances, the repayment method of mortgage loan is to pay interest quarterly and repay the principal at maturity, that is, pay interest quarterly and pay off the principal at maturity.
Although the risk of mortgage loan is low, it is impossible to borrow it for five years at a time. It's basically a year now, and it will be paid back when it expires. In fact, this is more reasonable, because the interest rate in five years will be much higher than that in one year.
hope this helps
Second, after 83,000 years of mortgage loan, how much principal plus interest should be paid each month?
Matching principal and interest method: loan principal: 80,000 yuan, assuming annual interest rate: 4.750%, loan life: 3 years; Monthly repayment of principal and interest: 2,388.7 yuan, total repayment of principal and interest: 85,993.2 yuan, and interest payable: 5,993.2 yuan. The interest paid in 1 month is: 316.67; The first 1 month principal repayment amount is: 2072.03; Since then, the monthly interest repayment amount has decreased and the principal has increased. (without considering the adjustment of interest rate in the middle)
How is the house in two mortgage?
If the mortgaged house needs a second loan, the customer can bring personal ID card, proof of residence (household registration book, utilities (work permit, bank running water, etc.). ), the account of the assets and financial resources (large deposit certificate, car license), go to the bank or formal loan company to ask for these materials.
However, if you want to apply for a bank, it should be noted that some banks do not support the second mortgage, and the mortgaged property cannot be used as collateral to apply for a loan again (as specified by local branches).
In addition, to apply for two mortgage, the following conditions must be met:
1, the house must be an existing house, and it is a residential or commercial house with great market development potential;
2. Real estate has surplus value and clear property rights;
3. The borrower has a stable income source and sufficient repayment ability;
4. Personal credit is good and there is no interest default.
What we need to note is that the amount that can be made by two mortgage of mortgaged houses is generally: house value × mortgage interest rate-original loan principal balance. Among them, the mortgage rate of housing mortgage secondary loans generally does not exceed 70%, and the mortgage rate of commercial housing secondary loans generally does not exceed 50%.
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Fourth, how to borrow and repay the house mortgage loan.
The first condition of real estate mortgage loan is that you have more than two properties under your name and complete documents.
If it meets the requirements, go to the appraisal company for appraisal. If you want to borrow 300,000 yuan according to your conditions, your property must be valued at least 660,000 yuan.
Under normal circumstances, the repayment method of mortgage loan is to pay interest quarterly and repay the principal at maturity, that is, pay interest quarterly and pay off the principal at maturity.
Although the risk of mortgage loan is low, it is impossible to borrow it for five years at a time. It's basically a year now, and it will be paid back when it expires. In fact, this is more reasonable, because the interest rate in five years will be much higher than that in one year.