We know that many people can't get loans for some individual reasons, so they will look for guarantees at this time. For example, their children will want to ask their parents for a guarantee when they buy a house. The following small series will introduce you to the conditions for children to buy a house and parental guarantees.

What conditions do parents need to buy a house for their children as a guarantee?

If you want your parents to be guarantors, you need to meet the following conditions:

1, the mortgage guarantor must first have a permanent residence or long-term residence status.

2. The mortgage guarantor also needs to have a stable income and work, a good personal/company credit information and a certain repayment ability.

3. The mortgage guarantor also needs to have his own purchase contract or agreement;

4. The mortgage guarantor also needs to have a savings account or provident fund account in the loan bank; For example, its deposit balance accounts for not less than 30% of the amount required for house purchase, and it can also be used as a down payment for house purchase;

5. If the mortgage guarantor is a guarantee company, assets recognized by creditors are also needed as collateral at this time.

What are the risks of buying a house guarantor?

1, guarantee for others to buy a house, the guarantor will definitely have some risks. Generally speaking, the bank will require the guarantor to have a good economic foundation and the ability to repay the loan, and will require the guarantor to bear the repayment responsibility when the borrower cannot repay the loan.

2, for others to buy a house as a guarantee, this time may also affect the guarantor's credit history. Because of the borrower's monthly payment and so on. , will be displayed in the guarantor's credit history. If the borrower fails to repay the loan within the guarantee period, the credit record of the guarantor will be affected at this time.

3. Guarantor If you want to apply for a loan during the guarantee period, you may be at risk of being rejected by the bank at this time. Because of the guarantee for others, the bank will also ask the guarantor to bear joint liability at this time.

4, for others to buy a house as a guarantee, we must pay more attention, we must find out the repayment ability of the guarantor, but also know how its credit level is.

Summary: There are so many requirements for parents to ensure that their children buy a house. You must meet the relevant conditions before you can be a guarantor. If you want to know more about it, you can pay attention to our Qijia. Com for consultation.

Enter the area and get the decoration quotation for free.

Enter the area and get the decoration quotation for free.