What should I pay attention to in real estate mortgage loan?
1. The property mortgage needs to be the property in the borrower's name. If it is owned by a third party, a statement that someone agrees to the mortgage loan must be issued at the time of mortgage.
2. In the marriage certificate provided, if there is a divorce, a divorce agreement or a court judgment is required; If you are single after divorce, you need to provide proof that you have not remarried after divorce.
It is necessary to clarify the purpose of the loan. Mortgage loans are generally used for decoration, study abroad, purchase of large household durable consumer goods and other consumer projects. If consumers use mortgage funds illegally, they may be recovered by banks, and consumers should pay attention to policy risks.
It is impossible to apply for a mortgage loan for a house that has not paid off the loan. In other words, if the house is still mortgaged, then the mortgage of the house is actually in the hands of the bank. Although the borrower has the right to use, but does not have full property rights, he cannot apply for mortgage again.
5. Small property houses have no mortgage trading right. This is because small property houses have no property rights and may be eliminated under the policy of land use planning, so financial institutions will not mortgage such properties.
What are the requirements for mortgage loans?
To apply for a real estate mortgage loan, you need to meet some conditions.
1. The sum of the borrower's age and loan period shall not exceed 60 years old. The target of personal consumption line loan is China citizens who are over 18 years old, have no bad credit record in the banking system and have full capacity for civil conduct, and do not accept mortgage guarantee of minors' own property;
2. The minimum construction area of the mortgaged property shall not be less than 30 square meters; The construction period of the mortgaged property is less than 20 years.
3. The benchmark interest rate will be applied to the loan interest rate, which will rise by a certain percentage according to the nature of the house and the mortgage interest rate;
4. The mortgage loan term is 1- 10 year, and the minimum loan amount is 50,000 yuan.
5. The maximum loan amount of mortgaged real estate shall not exceed 70% of the assessed value of collateral; Office buildings, commercial buildings and villas facing the street shall not exceed 50% of the assessed value of collateral. The repayment method is equal principal and interest.
6. The borrower and the property owner must be present when signing the loan contract and going through the mortgage registration formalities at the Housing Authority.
7. When withdrawing money, the borrower can take my ID card to the bank to withdraw money or go through the card collection procedures at the agency.