Real estate certificates in other places cannot be used for mortgage loans. In fact, whether it is a mortgage loan or an unsecured loan, as long as it is a loan, there is a geographical restriction. Banks or lending institutions generally do not accept mortgage loans for properties in other places. Because property mortgage loans in other places are not only risky, but also increase the cost of applying for a loan. Now, banks or lending institutions only apply for mortgage loans for properties within their service area.

What are the conditions for a house mortgage loan?

1. A natural person with full capacity for civil conduct, aged between 18 (inclusive) and 65 (inclusive). Foreigners and residents of Hong Kong, Macao and Taiwan are borrowers who have lived in the country for one year and have a stable residence and job, and their actual age on the loan maturity date is generally not more than 65 years old

2. Have stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record.

3. Have a legal and valid house purchase contract.

4. Those who use the newly purchased house as the maximum amount of mortgage must have a legal and valid house purchase contract, the house must be less than 10 years old, and no less than 30% of the total price of the house purchased must be prepared or paid. down payment.

5. If you have purchased and applied for a house mortgage loan, the original house mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the house used as mortgage has obtained the housing rights. Certificate, the house is less than 10 years old.

6. Be able to provide effective guarantee recognized by the lending bank.

7. Other conditions stipulated by the lending bank.

The specific process of house mortgage loans

1. The buyer and seller sign a house sales contract and agree on the amount of down payment, loan and final payment;

2. The buyer and The spouse applies for a loan to the bank in person, and the seller and spouse are present for confirmation;

3. The bank investigates and approves the loan application;

4. The home buyer signs a loan and guarantee with the bank Contract;

5. The house seller transfers the property rights of the house to the house buyer, and the house seller obtains the down payment from the house buyer;

6. The house buyer registers the real estate mortgage with the bank ( Or other natural persons or legal entities provide phased guarantees for house buyers);

7. The bank issues loans to the seller’s account;

8. The buyer and seller handle the settlement of the house property. The house seller obtains the balance payment from the house buyer;

9. The house buyer takes possession of the house and makes monthly repayments (in the case of a phased guarantee, the house buyer will re-register the real estate mortgage with the bank).