It was not until the late 1990s that mortgage loans for buying houses were available in Chinese mainland, and they became popular after 2000. After reaching its peak in 2008, the state introduced a series of purchase restriction policies. From 65438 to 0997, the central bank promulgated the Trial Measures for the Management of Personal Housing Guaranteed Loans, which stipulated that the longest loan period was 20 years and the maximum loan ratio was 70% of the house price. At this time, commercial housing and personal housing loans began to approach ordinary people.

The process of buying a house with a loan

1, to understand the credit situation.

First of all, if you want to borrow money to buy a house, buyers must first check whether the personal credit information meets the loan conditions, and the inspection-free house is also optimistic. When they are ready to buy, they find that their credit information is unqualified and they are in a passive position.

Step 2 know the bank

Before applying for a loan, buyers can go to the bank for consultation, asking about the loan application conditions, interest rate, approval time and lending time, and then comparing them and choosing a bank with high cost performance.

3, prepare the information needed for the loan

(1) ID card. If you are married, you need the ID cards of both husband and wife. Of course, if it is a joint name, you need more ID cards.

(2) household registration book. Note that in some banks, if you are not the head of the household, you should copy the information page and registration card of the head of the household;

(3) Marriage certificate, i.e. marriage certificate, divorce certificate, etc.

(4) The work certificate shows that some banks have certain formats or certain elements, so you should ask the banks clearly;

(5) proof of income, the average bank will require that the monthly income is more than twice the monthly payment;

(6) Document retrieval certificate. This file search certificate is to go to the housing management department to check whether you have a house ownership record, that is, to check whether there is a house under your name, which should be handled by the housing management department itself;

(seven) other information required by the bank.

4. Sign a loan contract

Meet the loan conditions, buyers will go to the sales office where their favorite house is located, sign the sales contract, pay the down payment, and prepare the materials needed for the loan to apply for a loan. The next step is to sign a loan contract with the bank, pay various fees, and handle mortgage and insurance. This step is time-consuming and the bank needs to review it. How long will it take? Every place and bank are different.

After that, the buyers need to wait for the notice to go to the bank for face-to-face signing, and wait for the bank to verify the materials. After verification, the bank will inform the buyers to take the materials to the Housing Authority for mortgage. After accepting your application, if the information is incomplete or insufficient, the bank will ask you to provide supplementary information.

Step 5 wait for a bank loan

Some banks need customers to apply for loans again. After the loan is finished, remember to ask the bank for a loan contract and loan note of your own. There are also two copies of the real estate license, remember to stamp the official seal of the bank, because some organs and departments need to do things.