The mortgage borrower must meet the following conditions at the same time:

Have a legal status;

Have a stable economic income, good credit and the ability to repay the principal and interest of loans;

There are legal and effective contracts and agreements for the purchase and overhaul of housing and other supporting documents required by the loan bank;

Having self-raised funds of more than 20% of the total price of the purchased (overhauled) house, and guaranteeing to pay the down payment of the purchased (overhauled) house;

Having the assets mortgaged or pledged by the loan bank, or (and) a legal person, other economic organization or natural person with sufficient compensation capacity as the guarantor;

Other conditions stipulated by the lending bank.

The basic process of mortgage loan is as follows:

On-the-spot house inspection: loan officers, intermediaries, appraisers, buyers and sellers go to the houses applying for mortgage loans to conduct on-the-spot house inspection;

Property right verification; The property owner and the * * * owner (seller) bring the original ID card and the original real estate license to the Housing Authority for verification and go through the relevant formalities;

Signing: the bank carefully checks and verifies the original information of customers, authenticates the authenticity of all the signatories, supervises the signature of customers, collects the original real estate license and deposit (the specific amount is determined by the buyer and the seller), copies the information, and reminds both parties to handle accounts in the bank;

Fill in the contract: the bank sorts out the information and fills in the contract according to the relevant information provided by the customer;

Payment obligation: after the bank has passed the pre-examination, notify the customer to pay the fee;

Transfer of property rights: the buyer and the seller go through the formalities of property rights transfer with the help of the Housing Authority; The Lender prepares relevant materials to go through the mortgage formalities at the bank;

Bank loan.