Mortgage refinancing:
First, the basic requirements of the loan:
1. 18 to 65-year-old China citizens with valid identity documents.
2. Have a proper occupation, a stable income, the ability to repay the loan principal and interest in full and on time, and a good credit record.
3. Agree to mortgage the property and its rights and interests in the name of an individual as a condition for loan issuance.
4. Basic information required for legal financing:
1, property certificate and other collateral ownership certificates.
2. ID card, household registration book and proof of marital status of the applicant and spouse.
3. Proof of income of the applicant and his spouse.
4. Relevant certificates of loan use.
5. Other relevant information required by the bank; Bank interest rate and repayment method;
1, and the bank interest rate is subject to the commercial loan interest rate stipulated by the People's Bank of China for the same period or fluctuates appropriately;
2. If the loan term is less than one year, you can choose to repay the principal and interest on a monthly or quarterly basis, and repay the principal in one lump sum at maturity; If the loan term is over one year, you can choose to repay the principal and interest on a monthly basis or repay the principal.
Loan target:
The borrower owns the house during the repayment period, with no interest default, stable income and good credit, and has the ability to repay the loan principal and interest on schedule, and has paid the principal and interest on schedule for more than two years.
Loan limit:
1. Loan amount = house value * mortgage rate-original loan principal balance.
2. The value of the house is compared with the original purchase price of the house and the evaluation price at the time of secondary mortgage, whichever is lower. Loan term:
The term of the second mortgage is determined according to the specific use of the loan. The longest loan for personal consumption is not more than 5 years, the longest loan for personal business is not more than 3 years, and the maturity date of the loan is not more than the maturity date of the first mortgage.
Steps:
1. Information provided by customers
Step 2 evaluate real estate
3. The bank shall review the information and handle relevant formalities.
4. Redeem the building and release it.
5. Mortgage registration
6. Restart repayment.
People in mortgages should "do what they can, not blindly follow". On the one hand, applying for "mortgage refinancing" means increasing loans to banks and eventually paying more interest; On the other hand, after applying for this business, the repayment pressure of the mortgage lender will increase greatly, so we should treat our monthly payment ability rationally. Owners should carefully apply for this business if their monthly repayment ability is limited or there is no clear demand for funds. After all, the pressure of monthly payment and consumer loans will greatly increase.