How much is the guarantee fee for buying a house loan?
Mortgage guarantee fee means that in order to avoid mortgage risks, banks generally need borrowers to provide guarantee certificates from legal persons, other economic organizations or natural persons with sufficient compensation capacity.
1. The mortgage guarantee fee refers to the mortgage guarantee fee, which means that in order to avoid mortgage risks, the bank needs the borrower to provide the guarantee certificate of a legal person or other economic organization with sufficient compensation ability, and the fee paid at this time is the mortgage guarantee fee.
2. According to the normal process, the bank can only issue housing loans if it shows the mortgage certificate, and the loan certificate can only be issued after the house is transferred and the two certificates are complete. This not only makes the loan procedure cumbersome, but also makes the seller face the embarrassing situation that the house and property may be emptied. In order to avoid this situation, the mortgage guarantee fee came into being.
Sources of housing loan guarantors
For example, the borrower has ideal conditions in all aspects, high income, stable occupation and good credit, and generally does not need to increase the guarantor. If the bank feels that the borrower is unqualified in some aspects, it will refuse the loan or ask for additional guarantee. When a post-90s young man applies for a mortgage, the bank requires a guarantor on the grounds that his monthly payment exceeds 50% of his income, which may lead to the risk of default and need to provide other repayment sources. When the borrower's repayment ability is insufficient, the bank may require to increase the down payment or the loan interest rate in addition to providing guarantee. There will be a guarantor for buying a house loan. If the Lender fails to repay the loan on time, the mortgage guarantor shall be jointly and severally liable for repayment. At the same time, the mortgage guarantee fee is generally the fee that the bank needs the lender to provide the guarantor's guarantee certificate to avoid the mortgage risk.
When a buyer applies for a housing loan from a bank, he needs to follow the requirements of the bank. In the process of applying for a mortgage, there are some documents that cannot be forgotten, such as ID card, marriage certificate or single certificate. Different banks have different regulations in this respect. For borrowers with poor qualifications, banks often ask for guarantors or mortgage properties. During this period, the borrower needs to pay relevant fees.