1. After confirming that the property you choose has bank mortgage support, the buyer should know the bank's regulations on mortgage loan support for the buyer from the bank or the law firm designated by the bank, and prepare relevant legal documents. Generally, it takes at least fifteen days from application to loan.
2. If the information is complete, it will take at least 15 working days to send the information to the bank for review, that is, the loan is completed.
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Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity.
Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.
According to the scope of collateral, it can be roughly divided into six categories:
(1) Inventory mortgage, also known as commodity mortgage, refers to the mortgage of various commodities held by employers and enterprises, including commodities, raw materials, products in process and finished products, and applies for loans from banks.
(2) Customer account mortgage refers to the short-term loan secured by accounts receivable;
(3) Securities mortgage, in which stocks, bills of exchange, promissory notes, certificates of deposit, bonds and other securities are used as collateral to obtain short-term loans;
(4) Equipment mortgage refers to mechanical equipment, vehicles, ships, etc. As a guarantee for obtaining regular loans from banks;
(5) Real estate mortgage, that is, the borrower provides land, houses and other real estate mortgages to obtain loans;
(six) mortgage of life insurance policy refers to the establishment of mortgage right on the claim of insurance money. It takes the surrender amount of life insurance contract as the limit, and the insurance policy as the mortgage to issue loans to the insured.