Ruzhou, located in the central and western parts of Henan Province, is a county-level city directly under Henan Province, with very convenient transportation. In recent years, with the rise of housing prices, the local housing prices in Ruzhou have also risen rapidly, leading many people to buy houses with loans. What are the conditions for buying a house with a loan in Ruzhou? Let me introduce you here.

Conditions for buying a house by loan in Ruzhou City

1. Buyers with loans need to have local permanent residence in Ruzhou or valid residence status (ID card, household registration book, military officer's card, temporary residence permit, etc.). );

2. Buying a house with a loan requires a stable occupation and income;

3. The loan purchaser has a good credit record and has the ability to repay the loan principal and interest on schedule;

4. Buying a house with a loan requires a purchase contract or agreement;

5. Buying a house with a loan requires assets recognized by the lender as collateral or pledge, or units or individuals with sufficient compensatory capacity as guarantors to repay the principal and interest of the loan and bear joint and several liabilities.

Matters needing attention in buying a house by loan

1. Prepare enough down payment.

When we buy a house, the first suite usually needs a down payment of 30%, and the second suite needs a down payment of 50%. At the same time, we also need to consider interest rates. People who buy a house with a loan had better prepare more funds, and it is best to ensure that their monthly income is more than twice the monthly payment.

Don't use the provident fund before applying for a loan.

If the borrower withdraws the balance of the provident fund before the loan, the balance of the provident fund in the provident fund account will become zero. At this time, you can't apply for provident fund loans, so we don't use provident fund before applying for loans.

3. Clear the repayment method in advance.

At present, there are two ways for banks to repay loans: equal principal and interest and average capital. Although the interest on the principal is low, the monthly payment is relatively high, which puts great pressure on people. The total interest of equal principal and interest will be higher, but the monthly repayment pressure is relatively small, which can be decided according to your actual situation.

The above is an introduction to the conditions of buying a house with a loan from Ruzhou, hoping to provide some help to friends who want to buy a house in Ruzhou, so that everyone can buy their favorite house smoothly.

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