How long does it take to mortgage a house?
1. If it is a new house mortgage, the longest loan period cannot exceed 30 years; If it is a second-hand housing mortgage, it cannot exceed 20 years. When calculating the loan term, the borrower should determine the repayment term according to his repayment ability, so as not to cause repayment pressure.
2. It should be noted that to apply for housing mortgage loan, the house provided by the borrower must meet the requirements of bank mortgage loan. If the borrower's house does not meet the requirements of the bank mortgage loan, he can't apply.
3. In addition, the borrower's determination of the loan term is also related to the borrower's personal qualifications, such as the borrower's good personal credit, good personal assets and strong repayment ability. It's better for a loan customer like this to apply for a loan, and the loan amount is relatively high, not to mention the loan term.
What is the lending process of mortgage loan?
1. Submit a loan application to the bank: the content should explain the purpose, amount and term of the loan.
2. Submit loan information: If an individual applies for a house mortgage loan, he/she needs to provide the following information: the borrower's ID card, running water in the past six months, work certificate, credit report, house property certificate, etc. If an enterprise needs to mortgage the real estate, the materials it should provide include: business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and proof of assets.
3. Housing evaluation: After all the above materials are handed in, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property.
4. Loan approval: The housing appraisal company submits the appraisal report or opinion to the bank for approval.
5. Signing a loan contract: The borrower signs a loan contract with the lending institution, and all relevant documents, signatures and handprints are notarized by a notary.
6. Mortgage registration procedures: The bank shall go through the mortgage registration procedures at the real estate office with the house ownership certificate and notarized loan contract.
7. Bank lending: Due to different bank regulations, loans will be made to the cooperative merchant's account in the form of cash, punch card or remittance.
The above contents are all the information about how long the mortgage loan takes and the mortgage loan process compiled by Bian Xiao. I believe it can help everyone. There is a prescribed process for housing mortgage loan. When handling housing mortgage loans, we need to clearly understand the regulations of financial institutions.