Can retired workers in Shanghai use their old houses to get low-cost mortgages in banks?

Banks usually build houses within 20 years. If the documents of the old house are complete, you can take them directly to the bank to apply for a loan. Go to the local bank.

Real estate mortgage loan conditions:

Natural person with age 18-65;

Have a legitimate occupation and a stable source of income, and have the ability to repay the principal and interest of the loan on time;

There is no illegal act;

Good credit information and bad credit records;

Being able to provide effective pledge guarantee of rights recognized by banks or legal and effective real estate as mortgage guarantee or a third-party guarantee with compensatory ability;

Open a personal settlement account of the bank, and agree that the bank will deduct the loan principal and interest from the personal settlement account designated by it;

The property right of the house is clear and meets the listing and trading conditions stipulated by the state;

Real estate can enter the real estate market without any other mortgage;

The sum of housing age and loan application period cannot exceed 40 years;

Mortgaged houses are not included in the local urban reconstruction and demolition plan, and there are real estate licenses and land certificates issued by real estate departments and land management departments;

Other conditions stipulated by the bank.

Preparation data of real estate mortgage loan:

Original and photocopy of the ID card of the borrower and spouse;

Original and photocopy of the household registration book of the borrower's husband and wife;

Proof of marital status;

Original purchase agreement;

Original and photocopy of advance payment receipt for 30% or more of the house price;

Proof of income;

Bank flowing water;

Certificate of academic qualifications;

Bank deposit certificate;

Other financial certificates;