When encountering difficulties in capital turnover in life, many people want to obtain a certain amount of mortgage loans for real estate through banks, but the requirements of banks are relatively high. In comparison, personal mortgages Loans may be simpler, so what are the conditions for individuals to mortgage their personal properties.

When encountering difficulties in capital turnover in life, many people think of obtaining a certain amount of mortgage loans for real estate through banks, so that it is easier to buy a house, but the requirements of banks are relatively high. In comparison, personal mortgage loans may be simpler, so you need to know more about the conditions for personal real estate mortgages and the process of personal real estate mortgage loans.

What are the conditions for individuals to mortgage their personal properties?

The property must be a property without ownership disputes. Whether it is in your own name, jointly owned by someone else, or even a property in someone else's name, you can apply for a mortgage loan. But there is a prerequisite, that is, the bank must obtain approval from the bank with a written document proving that all owners of the property agree to the mortgage.

To apply for a mortgage loan for a first-hand house, it is generally required that the age of the house does not exceed 20 years, and the age of the house plus the loan period does not exceed 40 years. The loan period is divided into three situations: a personal housing loan can be borrowed for a maximum of 30 years. The maximum loan period for consumer property mortgage loans is 10 years, and the maximum loan period for business property mortgage loans is 5 years.

What is the process of personal real estate mortgage loan?

1. For a house mortgage loan, you need to prepare all the information, including the husband and wife’s ID card, household registration book, marriage certificate, real estate certificate, house purchase contract or personal account for the past six months. bank statement.

2. When taking out a house mortgage loan, the bank will review the borrower's loan application, house purchase contract, agreement and related materials. The borrower will hand over the property title certificate and insurance policy or securities of the mortgaged property to the bank for collection. The guarantors of both the borrower and the borrower sign a housing mortgage loan contract and have it notarized.

3. After the contract is signed and notarized, the bank's deposits and loans from the borrower will be transferred to the house selling unit or building unit specified in the house purchase contract or agreement by transfer.

4. ID cards, household registers, marriage certificates, real estate certificates, house purchase contracts or evidence, and bank statements of personal accounts in the past six months. For mortgage registration procedures, the bank will go to the housing management department to handle the mortgage registration procedures with the house ownership certificate and the notarized loan contract.

Although banks say that the requirements for real estate mortgage loans are relatively strict, they are still relatively safe in all aspects. If you mortgage your house to an individual, there will be greater risks, but as long as you consult related matters It’s okay to pay relevant attention. The above introduces to you the conditions for individuals to mortgage their personal real estate and the process of personal real estate mortgage loans. After reading this, you should already understand.