1. The older the applicant, the shorter the loan period.
2. The older the house, the lower the appraisal value, and the less the loan amount you can get.
3. The borrower's repayment ability is also one of the factors that affect the loan life.
# The second-hand house cannot be loaned for 30 years in 20 years, but can be loaned for 15 years at most. The loan term given by ordinary banks is 10 year, and only 60% of the house price can be loaned. Second-hand housing loan processing flow: (1) The buyer and the seller sign a house sale agreement or a house sale contract; (2) Eligible buyers apply for loans from loan banks and provide relevant certification materials; ⑶ The buyer and the seller go to the appraisal institution designated (recognized) by the loan bank to conduct house appraisal; (4) The law firm identifies, investigates and analyzes the borrower's credit certification materials and evaluation reports, and issues legal opinions; 5] The loan bank shall examine and approve the loan and inform the loan applicant whether to agree to the loan; [6] The buyer and the seller go through the formalities of property right transfer, and after the transfer, the borrower goes to the bank to go through the loan formalities; (7) The purchaser signs a second-hand house mortgage loan contract with the loan bank; (8) The buyer and the seller shall send the transferred house ownership certificate to the loan bank for mortgage registration; (9) After the loan contract comes into effect, the loan bank will allocate funds according to the loan contract; ⑽ The borrower repays the loan on a monthly basis; ⑾ The borrower pays off the principal and interest of the loan and cancels the mortgage guarantee. # If you borrow from China Merchants Bank, the longest loan/credit period of the first-hand building is no more than 30 years, and your loanable period will be determined by the handling bank after you submit relevant information; For details, please contact local outlets for consultation. The longest loan/credit period for second-hand buildings is not more than 30 years, and the building age of the shopping industry (referring to the completion period of the property) is generally not more than 20 years. The longest loan period plus the building age of the mortgaged property is not more than 40 years in principle. The specific time limit for your application shall be determined by the handling bank after you submit relevant information. # If the second-hand house is 20 years old, banks generally don't accept loans. If the location is good, you may be able to accept loans for a short time, but not for 30 years! # The new house can be loaned for 30 years, and the second-hand house can be loaned for 30 years after deducting the age of the house 10 year. If you want to borrow it for 20 years, the bank will evaluate it and the evaluation price is lower than the transaction price. The above contents are for reference only, I hope I can help you. Thank you for your support to Kanfangwang. I wish you a happy purchase!