With the rapid development of modern social economy, people pay more and more attention to the quality of life, and the concept of life has also changed greatly. Therefore, people will consider buying a house in order to live more comfortably, thus alleviating their economic pressure. However, there are still primary lenders and secondary lenders for loans. So, what are primary lenders and secondary lenders? What's the difference between a primary lender and a secondary lender?
What are mortgage lenders and subprime lenders?
Generally speaking, in the bank housing loan contract, only one party is regarded as the "lender" (usually called the main lender), and the other party is regarded as the "* * * and the lender" (usually called the sub-lender). "* * * and the Lender" requires not only the immediate family members of the Lender (husband and wife, children, parents), but also one of the property owners of the housing loan mortgage. However, this one is an exception for couples. Even if only one spouse's name is listed on the real estate license, the other spouse can be the lender of the housing loan. When making a loan, you can choose others as * * * co-lenders, that is, primary lenders and secondary lenders. When determining the primary lender and the secondary lender, it should be decided according to the actual situation, not simply by the level of income.
In addition, you should pay attention to the following situations when lending:
1. When the husband and wife repay the loan at the same time, the principal lender and the secondary lender must be determined according to the actual situation. Under normal circumstances, in a bank housing loan contract, only one party is regarded as a "lender" (usually referred to as the main lender), and the other party can be regarded as a "* * * lender" regardless of whether the names of both parties are written on the property ownership certificate. When determining the main lender, we should choose the spouse with high and stable income, and pay attention to the age limit, otherwise it will affect the loan term. Husband and wife buy a house together, what is the share of property? It needs to be determined in advance to avoid future generations. According to the provisions of the Marriage Law: "The property acquired by husband and wife during the marriage relationship shall be jointly owned by husband and wife, unless otherwise agreed by both parties." Therefore, even if the name of the other party does not appear on the real estate license, it does not affect its ownership of the house.
2. Pay attention to the change of credit policy. Non-local residents who cannot provide local tax payment certificate or social insurance payment certificate for more than 1 year shall be treated differently. For example, the increase of mortgage down payment ratio and interest rate will undoubtedly increase the cost of buying a house. Therefore, this factor should be considered when determining the main lender.
It may be troublesome for friends to buy a house in partnership, and some banks will be relatively cautious about lending to two unrelated people. If there is no problem with the income certificate issued, it may be relatively easy to find a commercial bank with loose policies. Joint loans need to be divided into main lenders and sub-lenders, and the difference in repayment ability between people can easily lead to the difference in the ownership of housing property rights.
What's the difference between a primary lender and a secondary lender? Usually, when applying for a housing loan, if a person's bank flow or income is not enough to pay the monthly repayment, there will be a main lender and a sub-lender to apply for a housing loan together, usually the husband and wife are the main lenders and sub-lenders of the house respectively. So what's the difference between a mortgage lender and a subprime lender?
Difference 1: loan records are displayed in different ways in credit reporting. When applying for a housing loan, only one loan record will be generated, which will only be displayed on the credit report of the main lender, and there will be no such loan record on the credit report of the sub-lender.
Difference 2: The loan term is different. The period of applying for mortgage is calculated according to the age of the first-tier lender, not according to the age of the second-tier lender.
Difference 3: Different qualification requirements. Usually, when banks apply for loans, they will let the party with good credit status be the main lender and the other party be the sub-lender.
Difference 4: The repayment order of provident fund is different. When using the provident fund to repay the mortgage, the balance of the secondary lender's provident fund account will be used only after deducting the balance of the primary lender's provident fund account.
Through the above statement, do you know the current main lender and sub-lender? Subprime lenders are also co-lenders. If a family can borrow on its own, it doesn't need a subprime lender and can avoid trouble. However, if the loan is difficult, adding a sub-lender will probably increase the probability of approval.
When buying a house with a loan, which is more suitable for the husband and wife as the main lender?
A house purchase contract (or real estate title certificate) has the names of both husband and wife, one of whom is the borrower and the other is the mortgagor (one of the two mortgagors), and can participate in the loan: provide proof of income, which is more common in provident fund loans, and only one party needs the loan, which can also improve the mortgage approval rate. In addition, the bank will judge the repayment ability according to the borrower's income certificate. Therefore, choose the party with high income as the main lender.
The loan amount should be in line with the individual's affordability. Don't give yourself too much pressure. The house is big enough to live in. We can't be greedy, house prices are not what they used to be, and risks still exist, especially in economically underdeveloped areas. Choose the party with better credit information: because banks mainly check the main lender when checking credit information, it will affect the loan amount and loan life, and serious banks will refuse to lend.
Husband and wife buy a house together. Deciding who will get the main loan is very simple. It depends on whose income is higher. General income proves to be twice the monthly payment. If the husband and wife buy a house together, they must pay for it. If it is a provident fund loan, two people can lend together, and husband and wife are inseparable. Party A is the lender and the other party participates in the loan as the lender, and the lender must be one of the owners of the mortgaged property in addition to the lender's immediate family (husband and wife, parents and children).
As a rule, choose a husband. First, choose a husband. If you work longer hours, lesbians will retire early and work shorter hours. Second, the average husband's salary is higher, so it is easier to repay the loan. Or a person's loan amount. If there are many provident fund loans, whoever pays more provident fund will use the name of the loan. It is very simple because the interest will be less, including the subsequent monthly payment, and you can also use the provident fund to repay the loan, which has no impact on your life.
What's the difference between a husband and wife mortgage lender and a second lender?
The difference between the main lender and the sub-lender of husband and wife mortgage is:
1. The loan record is displayed differently in the credit report: only one loan record will be generated when applying for a housing loan, and this loan record will only be displayed in the credit report of the main lender, while the credit report of the sub-lender will not have this loan record.
2. Different qualification requirements: Under normal circumstances, when a bank applies for a loan, the party with good credit status will be the main lender and the other party will be the sub-lender.
3. Different loan years: the years of applying for mortgage loans are calculated according to the age of the main lender, not the age of the sub-lender.
4. The order in which the provident fund is used to repay the loan is different: when the provident fund is used to repay the mortgage, the balance of the provident fund account of the secondary lender will be used only after deducting the balance of the provident fund account of the primary lender.
Extended data:
What are the common misunderstandings about the main lender?
1. The mortgage shall be borne by a main lender.
No matter whether the house is bought before marriage or after marriage, as long as the borrower participates in repaying the loan, this house will have a share of the borrower. So in any case, even for the sake of husband and wife and beauty, husband and wife should try to repay the loan together.
What I want to explain here is that for couples, even if there is only one party's name on the real estate license, the other party can be the lender of the house loan, that is to say, whether there is a name on the house book or not, the other party is eligible to participate in the loan repayment. In the future, you can ask the other party to help you repay the loan. The other party uses the fact that there is no name in the household registration book and the house does not belong to him. You can refute him like this.
2. The main lender owns most of the house property rights.
Buying a house before marriage, whether the house is shared equally or distributed according to shares, can actually be stipulated in the purchase contract, and it is not necessary for the main lender to occupy most of the property rights of the house. And if you buy a house after marriage, whether it is the main lender has nothing to do with the property share. This house is shared by husband and wife, and the property rights will be divided equally.
3. If you are not the main lender, you don't have to pay the mortgage for divorce.
If you buy a house after marriage, the mortgage is the debt of both husband and wife, so whether you are the "main lender" or not, whether you have applied for a housing loan or not, both husband and wife have the obligation to repay the housing loan. Only when the property is judged to be owned by the divorced party, the party who is the "same lender" can ask the housing lender to change and cancel its repayment obligation.
There are several situations in which a primary lender and a secondary lender can appear:
1. If one party is over 60 years old and needs a loan, it must be loaned by one person. If the elderly need money, it is that the elderly are the main lender and the other is the subprime lender;
2. When an enterprise or business needs a large loan and its own credit line is not enough, it needs one person to lend together, so the credit line of two people is enough. The borrower is the primary lender and the other is the secondary lender.
How to choose "main lender" and "* * * same lender" for mortgage application?
When many couples apply for housing loans, they will find it difficult to fill in the name of the lender, because the name of the lender can only be filled in by one of them, and he (she) will act as what we often call the "main lender", while the other party can share the loan as the lender. Then, in the mortgage application, how to choose the main lender and borrower?
In the bank's housing loan contract, only one of the husband and wife is generally designated as the "lender", and the other party can be regarded as the "* * * lender". For "* * * and the Lender", it is not only required to be the immediate family members of the Lender (husband and wife, children and parents), but also to be one of the owners of the mortgaged property with the housing loan.
However, this article is an exception for husband and wife. Even if there is only one husband and wife's name on the real estate license, the other party can also be the "* * * lender" of the housing loan. For example, if a husband and wife buy a house with the same loan, even if the title certificate only has the husband's name, the wife can apply to be the "same lender" of the house loan.
So who will be the "main lender" and who will be the "same lender"? Age is a very important factor.
In commercial housing loans, there is such a provision that the age of the "main lender" plus the number of years of housing loans can not exceed 65 for men and 60 for women, and the longest term of housing loans is 30 years. Therefore, the husband is over 35 years old and the wife is over 30 years old. Age is a factor that needs to be considered when choosing who is the "main lender".
Especially for some couples, if their monthly repayment ability is limited, they hope to reduce the monthly repayment pressure through the longest loan period as possible, so as not to affect other capital needs in life, such as children's education expenses and pension reserves. When selecting the "main lender", the party that meets the requirements for a longer loan period should be regarded as the "main lender" of the housing loan.
What is the difference between a principal lender and a subprime lender buying a house together without marriage in a loan?
When two people are unmarried and buy a house together, the difference between the primary lender and the secondary lender in the loan;
When buying a house with a loan, the main lender understands the problem of the sub-lender. Whoever applies for a loan is the primary lender, and the secondary lender is also called the * * * lender. In fact, her main role is to help pass the loan approval. Legal responsibilities are different.
1. When the husband and wife repay the loan at the same time, the principal lender and the secondary lender must be determined according to the actual situation. Under normal circumstances, in a bank housing loan contract, only one party is regarded as a "lender" (usually referred to as the main lender), and the other party can be regarded as a "* * * lender" regardless of whether the names of both parties are written on the property ownership certificate. When determining the main lender, we should choose the spouse with high and stable income, and pay attention to the age limit, otherwise it will affect the loan term.
Husband and wife buy a house together, what is the share of property? It needs to be determined in advance to avoid future generations. According to the provisions of the Marriage Law: "The property acquired by husband and wife during the marriage relationship shall be jointly owned by husband and wife, unless otherwise agreed by both parties." Therefore, even if the name of the other party does not appear on the real estate license, it does not affect its ownership of the house.
2. In addition, we should pay attention to the change of credit policy. Non-local residents who cannot provide local tax payment certificate or social insurance payment certificate for more than 1 year shall be treated differently. For example, the increase of mortgage down payment ratio and interest rate will undoubtedly increase the cost of buying a house. Therefore, this factor should be considered when determining the main lender.
It may be troublesome for friends to buy a house in partnership, and some banks will be relatively cautious about lending to two unrelated people. If there is no problem with the income certificate issued, it may be relatively easy to find a commercial bank with loose policies. Joint loans need to be divided into main lenders and sub-lenders, and the difference in repayment ability between people can easily lead to the difference in the ownership of housing property rights.
Extended data:
Under normal circumstances, if a family can borrow by itself, it does not need a subprime lender or a lender, which saves trouble. However, if the loan is tightened and the loan approval is difficult, adding a subprime lender and a * * * lender will probably increase your chances of passing the approval. For example, some bank cards are strictly enforced, and the strictly enforced loan amount cannot exceed half of an individual's monthly income.
For example, old Betty Wong earned 8,000 yuan. If he wants to borrow 5000 yuan, he can't. If his wife can earn 7000 yuan a month, add her as a subprime lender, or work with the lender. 15000 divided by 27500 is much higher than 5000, so it is possible to approve it, or the probability of approving it can be greatly improved.
So this subprime lender and the same lender still have a role. However, in this case, when banks approve loans, they must first look at the situation of the main lender, so who will be the main lender is still particular.
Generally, we need to pay attention to three points. First, it must be a lender with high income and stable income, and it is easier to pass the loan approval.
The second is that the main lender should not have too many bad credit records. If the main lender is overdue eight times a year, the loan will definitely blow up.
The third is that the main lender should not be too old. For example, children and parents go to get loans together. Under normal circumstances, it is more appropriate for children to be the main lenders.
What we are most afraid of when buying a house and applying for a mortgage is that the down payment has been paid and the bank loan has not been approved, so we must remember to pay attention when determining the main lender.
Husband and wife buy a house with loans, who is the main lender?
It is no longer difficult for couples to borrow money to buy a house, as long as sufficient materials are prepared. And one of the husband and wife will be the main lender of the loan. Then, who is the main lender when the husband and wife buy a house with the same loan, and what are the common misunderstandings of the main lender? You got it? Now let's have a look.
First, the husband and wife buy a house with loans. Who is the main lender?
When the husband and wife buy a house with the same loan, the main lender needs to meet the following three conditions: ① the spouse with higher income and stability can borrow a higher amount; (2) Young spouses can get loans for a longer period of time; (3) Poor credit information will affect the loan. Choose the party with better credit information, but pay attention to the credit information of both husband and wife.
Second, what are the common misunderstandings of the main lender?
Myth 1: The mortgage is borne by the main lender alone.
Whether buying a house before marriage or after marriage, as long as one of the husband and wife participates in repaying the loan, then no matter what happens later, the house will be owned by the borrower. In other words, even if it is the couple's name on the real estate license, as long as it is the pool lender, the other party is eligible to participate in the loan repayment.
Myth 2: The main lender owns most of the property rights.
If you buy a house before marriage, the contract can indicate whether the house is shared equally or distributed by shares, which means that the property rights of the main lender are not the majority. If you buy a house after marriage, whether it is the main lender or not, it has nothing to do with the share of the house. Belonging to the common property of husband and wife, it should be distributed equally.
Myth 3: If you are not the main lender, you don't have to pay the mortgage for divorce.
If you buy a house after marriage, the mortgage always belongs to both husband and wife, which means that whether you become the main lender or not, you have the obligation to repay the mortgage. As long as it is determined that the property belongs to one party, the other party can be exempted from the repayment obligation and compensated.
What are the common misunderstandings about the couple and the main lender who buy a house with the same loan? Let's introduce here first. Are you clear? When a husband and wife jointly borrow money, the party with stronger economic strength will be the main lender.
Let's not talk about the introduction of the main lender of the house.