Commercial housing loan processing flow
1. Application: The borrower applies for a loan from the provident fund center with relevant loan information;
2. Business acceptance: after accepting the borrower's application, the center will interview the applicant and review the loan information, and reply the review results to the applicant in due course;
3. Signing a contract: the borrower and the owner of the house sign a loan contract in the entrusted bank (a guarantee contract must be signed with the seller for the auction house);
4. Warrant mortgage: The borrower or the entrusted bank shall go through the mortgage registration formalities at the service window of the housing management and land management department with relevant materials;
5. Transfer: The borrower transfers the loan to the entrusted bank.
Commercial housing loan conditions
1, with legal and valid identification (resident ID card, household registration book or other valid identification) and proof of marital status;
2. Have a good credit record and willingness to repay;
3, with a stable source of income and the ability to repay the loan principal and interest in full and on time;
4. Commercial housing sales (pre-sale) contract or letter of intent signed with the purchaser;
5. Have the ability to pay the down payment of the purchased house;
6. Open a personal settlement account in a bank;
7. There is an effective guarantee recognized by the lender.
Problems needing attention in commercial housing loan
1. Apply for the loan amount according to your own ability.
When applying for personal housing loans, borrowers should make correct judgments on their current economic strength and repayment ability, and at the same time make correct and objective predictions on their future income and expenditure.
2. Choose a good loan bank for mortgage.
For borrowers, they can choose their own loan banks to buy existing houses or second-hand houses. The more services provided by mortgage banks, the more detailed they are. You will get flexible and diverse personal financial services and a rich portfolio of services and products. From the perspective of citizens, there is no doubt that the more choices citizens have, the better.
3. Choose the repayment method that suits you best.
At present, there are basically two repayment methods for individual housing loans: one is equal principal and interest repayment, and the other is equal principal repayment. The advantage of matching principal and interest repayment is that borrowers can accurately grasp the monthly repayment amount and arrange family income and expenditure in a planned way. Average capital's repayment method is more suitable for individuals who have strong repayment ability and want to return a large amount at the initial stage of repayment to reduce interest expenses.