When a bank applies for a mortgage loan, the loan applicant transfers the loan amount to the account designated by the developer through the loan bank. At this time, the property right of the house has been sold, and the loan applicant needs to go through the mortgage formalities and mortgage the ownership of the house to the bank. The right to use the loan house and the right to buy and sell belong to the mortgage contract (excluding down payment). The bank will not lend money until the mortgage formalities are completed.
The general procedure of mortgage loan is as follows:
1. Whether the house has been submitted to the bank, then the borrower applies for personal housing mortgage loan, and fills in the original and photocopy of the loan application certificate, sales contract, ID card, economic income certificate, etc. ) and submit it to the lending bank;
2. Developer: As the loan guarantor, sign and seal the column of loan application review;
3. Loan bank: the bank staff will approve the loan applicant step by step;
4. The loan bank takes back the completed materials and issues loans according to the legally effective loan contract;
5. Land and Resources Bureau Property Right Registration Notary Office: Office
6. Inform the developer to recover the loan contract, and the developer will issue a certificate of paying off the house price to the lending institution;
7. Inform the borrower to recover the loan contract, IOU and insurance policy;
8. Loan documents.
Second, how long does it take for the mortgage to be released?
It takes about 20 working days to mortgage a loan to a bank:
(1) The loan investigation lasts for 4 working days.
(two) the loan review and approval for 5 working days.
(3) The loan contract shall be signed within 2 working days.
(four) mortgage registration for 7 working days.
(5) Lending within 2 working days after mortgage registration.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.
3. How long will the mortgage loan last?
If the complete application materials for China Merchants Bank loan are submitted, the approval time will be about 15 working days, because each customer's situation will be different because it involves evaluation, mortgage registration and other links; Please contact the handling branch or loan account manager directly to confirm the specific loan release time, cancellation and other related information.
Tips: If you don't receive a reply call for the loan application submitted online, you can directly call 95555-3 Empty Bank -2 Empty Loan for manual consultation!
4. How long can the mortgage loan be released?
The specific operation method is as follows: 1, and the loan investigation takes 4 working days. 2, the loan review and approval for 5 working days. 3. The loan contract shall be signed within 2 working days. 4. Mortgage registration takes 7 working days. 5. Lend money within 2 working days after mortgage registration. 6. In the case that there are no reasons such as incomplete information and failure to mortgage on time between the submission of the application and the lending of bank real estate mortgage, the lending time of bank real estate mortgage is about 7- 15 working days. : 1. Compare loan terms. For mortgage loans, banks should not only see whether the house meets the requirements, but also have more requirements for the qualifications of borrowers, such as credit status and personal income. In the loan company to apply for housing mortgage loans mainly depends on the high value of housing, there is no liquidity. Borrowers with poor credit status and liabilities can generally borrow from loan companies as long as they can provide eligible houses for mortgage. 2. Compare loan interest rates. Compared with credit loans, mortgage loans are less risky because there is a house as a guarantee for bank loans. However, at present, the interest rates of mortgage products of various banks are different. Specifically, different regions and banks will be different. Even if it is the same bank, the loan interest rate in different regions will be different. 3. Compare the approval speed. There are many procedures for mortgage banks and the approval is very slow. It will take about 20 working days at the earliest to get the loan. The loan company has simple procedures and quick approval, and it usually takes 10 working days to get the loan. 4. Compare the loan amount. Generally speaking, the maximum amount of mortgage bank loans is related to the assessed value, and the maximum amount cannot exceed 70%. This is true of banks and companies. In the actual examination and approval, the loan company is relatively loose. For the same borrower, the amount approved by the bank may not be as high as that of the loan company.