Usually, mortgage repayment can be divided into three types: individual housing loans, housing provident fund loans and housing portfolio loans. Because these three kinds of loans are the mainstream of housing loans at present, we mainly introduce these three kinds of loans. Personal commercial housing loan Personal commercial housing loan, also known as "mortgage", is a self-operated loan issued by a bank with its credit funds. Only natural persons with full capacity for civil conduct can purchase self-occupied houses in cities and towns in this city, and then they can apply to the bank for repayment of loans with the property right house (or other guarantee methods recognized by the bank) as collateral. 1) loan object and conditions of commercial housing (loan conditions of Wuhan Commercial Bank): (1) Have permanent residence or valid residence certificate in our city; (2) having stable income, good credit and the ability to repay the principal and interest of the loan; (3) There is a legal and effective house purchase (construction, overhaul) contract or agreement; (4) guarantee to pay the down payment of the purchased (construction, overhaul) house; (5) There is an asset mortgage or pledge recognized by the bank, or (and) a legal person or natural person with sufficient compensation capacity as the guarantor; (6) Meet other conditions stipulated by the bank. 2) Amount, term and interest rate of commercial housing loan (1). The maximum loan amount can reach 80% of the total cost of buying a house (70% in Wuhan). The specific loan amount shall be determined by the bank according to the borrower's credit standing, economic status and collateral review. (2) The loan term shall not exceed 30 years at the longest. (3) The loan interest rate is subject to the individual housing loan interest rate announced by the People's Bank of China at the time of signing the contract. In case of interest rate adjustment during the execution of the contract, the loan interest rate shall be adjusted according to the principle of one year, and the following year's June 65438+1 October1shall be adjusted accordingly. (4) Fixed interest rate. During the interest rate hike cycle, some banks in our city also introduced mortgage interest rates with fixed interest rates. Fixed-rate mortgage loan refers to the loan business provided by commercial banks for buyers to keep the loan interest rate unchanged for a certain period of time. Simply put, the interest rate was set when the loan contract was signed. No matter how the market interest rate changes during the loan period, the borrower pays interest at a fixed interest rate. 3) The applicant (1), the lender and their spouses' resident identity cards, household registration books and other required materials. If the husband and wife are not in the same household registration, they need a marriage certificate. (2) legally binding house purchase contract, advance payment receipt (over 30% of the total house price) and their copies. (3) proof of income issued by the employer of both husband and wife or other proof of repayment ability recognized by the bank. (4) individual housing loan application, housing loan contract, guarantee contract, etc. (5) The Real Estate Mortgage Application Form and the Real Estate Mortgage Contract must be sealed and signed by the seller as the guarantor. (6) Relevant certificates stipulated by the bank. 4) Relevant knowledge of commercial housing loan process (1) consultation and loan handling. (2) Apply for a housing loan. (3) provide the corresponding information required for the loan. (4) Bank review and approval. (5) signing loan contracts and housing mortgage contracts with banks. (6) Go to the notary office for notarization. (7) Go through the registration formalities at the local real estate registration office. (8) Housing property mortgage registration. (9) Provide mortgage certificate to the bank. (10) Go to the designated insurance company for insurance business (voluntary). (1 1) The borrower starts to repay the loan on a monthly basis. 5) Precautions for commercial housing loan (1) Repay the loan principal and interest on schedule. (2) Cannot provide false documents or materials. (3) Without the consent of the bank, the mortgaged or pledged property or rights and interests shall not be sold, transferred, donated, removed or repeatedly mortgaged. (4) Do not change the purpose of the loan or misappropriate the loan without authorization. (5) Have the obligation to cooperate with banks to supervise and inspect the use of loans. (6) Do not sign contracts or agreements with other legal persons or economic organizations that are detrimental to the rights and interests of banks. (7) The guarantor violates the guarantee contract or loses the ability to undertake joint and several guarantee liabilities; Accidental damage to the collateral is insufficient to fully repay the loan principal and interest; The pledge is obviously reduced, which affects the lender's pledge. If the above three situations occur, the borrower must re-implement a new guarantee or a new mortgage (pledge) according to the requirements of the loan bank. (8) After obtaining the consent of the loan bank, the borrower can repay (in part or in whole) in advance according to the relevant regulations, and the loan bank will charge the loan interest according to the actual repayment period and amount. (9) If the borrower dies or is declared dead or missing according to law, and the loan repayment is changed to the legal heir of his property, the guarantor needs to continue to guarantee until the contract is terminated.