When you take out a mortgage loan in someone else's name, you must pay attention to the relevant procedures, get the consent of the owner, and be fully prepared. In addition, the choice of lending institutions is also a very important link. You must choose a suitable and reputable lending institution to feel at ease.
The correlation is as follows
If there is a car under the name of a relative, can I use the car under the name of a relative to mortgage the car in my own name? This is also an emergency method. But in order to avoid the consequences of harming others, some places must pay attention to:
First, the formalities must be complete. Mortgaging the vehicle in the name of a relative is undoubtedly an expedient measure to alleviate the financial difficulties, but the premise is that all procedures must be complete and indispensable. The required materials include the identity certificate of the borrower and the owner, car purchase invoice, vehicle driving license, motor vehicle registration certificate, tax payment certificate, auto insurance bill, etc. In general, both the lender and the owner need to be present to prove the guarantee.
Two, the use of other people's cars for mortgage loans can be roughly divided into two forms.
First, the owner and the borrower * * * have the same loan and become * * * lenders, and * * * has the same repayment obligations.
Second, the actual user is the borrower, and the owner does not have to bear the obligation to repay the loan. Since the borrower is not the owner, the lending institution will increase the loan interest rate accordingly to make up for the business risk.
Third, the charging standards are different, and the borrowing forms are different, so are the charging standards. If it is a * * * lender, the management interest rate of non-stop loans is different from that of non-stop loans. If only one borrower repays the loan, the cost is different from the former, and the management rate of parking and parking procedures without parking are also different.