The amount of housing loan is mainly determined by the down payment of housing loan, the borrower's repayment ability, receipt, the age of second-hand housing and other factors. Let's learn more about it.
1, down payment ratio of house purchase loan
The bank loan amount is affected by the down payment ratio, and generally it shall not exceed the difference between the total house price and the down payment.
For example, the total house price 1 10,000, the down payment is 30%, and the maximum loan amount calculated by down payment =100-100x30% = 700,000 yuan.
With the change of property market policy, banks have different requirements for down payment ratio.
2. Housing appraisal price
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As mentioned in the above formula, the loan amount is also affected by the total house price. The total price here refers to the evaluation. The higher the evaluation, the higher the loan amount. The evaluation of houses is usually carried out by professional institutions designated by banks.
3. The borrower's repayment ability
The requirement for property buyers is monthly income, which shows a person's repayment ability. The calculation formula is monthly income = monthly mortgage payment X2. The monthly income is based on the family. If the monthly income is not up to standard and the loan amount is affected, married people can add the income of both husband and wife. Singles can try relay loans. Relay loan means that your income is not up to standard, but your parents are not retired. However, not all banks support relay loans. You must consult the loan bank for details.
4. Borrower's application
After the end of the monthly income, when it comes to personal application of the lender, the degree of leniency required by the bank is different. When the loan amount is reduced due to bad credit, you can try other loan banks that require leniency.
5. Second-hand housing era
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Older second-hand houses may reduce the loan amount. The younger the house, the easier it is to get a loan. In the past, the age of the house was generally required to be 20-25 years, but some city banks increased their requirements and shortened the age of the house to less than 20 years. It is difficult to solve the reduction of loan amount caused by the age of the house. Therefore, banks should also understand the bank's regulations when buying second-hand houses and confirm the real age of the houses so as not to affect the amount.