2. Pay off the remaining loan with the down payment of the buyer: that is, the buyer pays the down payment to the seller, which is generally 30% to 40% of the total turnover. The seller can use the buyer's down payment to pay off the remaining loan, and then cancel the mortgage registration of the property before making the next transaction.
3. Use bank loan to pay off the remaining loan: If the buyer is unwilling to contribute to help the seller pay off the loan, the seller can choose to use bank loan to pay off the remaining loan, but only if there is collateral recognized by the bank. If it meets the requirements, the seller can lend a certain amount of money to the bank by way of mortgage, which can be used to pay off the loan of the transaction house and lift the mortgage of the property, thus facilitating the transaction.
What does mortgage mean?
65438+ Simply put, when buying a house, pay a down payment, the house is mortgaged to the bank, and the mortgaged money pays the remaining house price, and the individual will settle with the bank.
2. Mortgage loan refers to a loan in which an individual applies to a cooperative organization to purchase a house or commercial house with property ownership certificate and can be traded in the market with a certain down payment and the rest as collateral.
Housing mortgage loan process
1, select real estate. If buyers want to get mortgage services, they should focus on this aspect when choosing real estate. When buyers learn that some projects can apply for mortgage loans in advertisements or through the introduction of sales staff, they should further confirm whether the real estate developed and built by developers has won the support of banks to ensure the smooth acquisition of mortgage loans.
2. Apply for a mortgage loan. After confirming that the property you choose has bank mortgage support, the buyer should know about the bank's regulations on obtaining mortgage loan support, prepare relevant legal documents and fill in the mortgage loan application form.
3. Sign a house purchase contract. After receiving the relevant legal documents of mortgage application submitted by the purchaser, the bank will issue a loan consent notice or a mortgage commitment letter to the purchaser after confirming that the purchaser meets the mortgage loan conditions. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
4. Sign a house mortgage contract. After signing the house purchase contract and obtaining the payment voucher, the purchaser signs the house mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, stipulating the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
5. Apply for mortgage registration and insurance. Property buyers, developers and banks hold mortgage loan contracts and purchase contracts to the real estate management department for mortgage registration and filing procedures. If the house is delivered in advance, the mortgage registration shall be changed after completion. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks.
6, property buyers to buy insurance, the bank should be listed as the first beneficiary, during the loan period shall not interrupt the insurance, the insurance amount shall not be less than the total value of collateral. The policy was handed over to the bank before the principal and interest of the loan were paid off.