What is the process of applying for housing loan?
1. Get ready in advance. First of all, you should meet your own loan conditions, so that you can approve it. There is a lot of work to be done in the early stage. The owner negotiates the house price with the developer, including the building area, unit price and room number. If you need a loan, you should pay a down payment, usually 30%-40% of the total house price, and then sign a house purchase contract with the owner. Then the developer will ask you to prepare the relevant materials of commercial loans, which generally include: ID card, household registration book, marriage certificate/single certificate, bank card, income certificate, bank card flow, down payment bill, etc.
2. Check credit. Credit is a person's credit, and banks with good credit will grant loans. Then the developer will agree with the bank on the interview time. Some bank employees will be stationed in the sales department, and some customers will go to the bank for face-to-face signing. Before the face-to-face signing, the bank staff will review the customer's qualifications and first inquire about the personal credit report. If there is a bad record that exceeds the bank's regulations, the bank will directly refuse the visa. If the credit is passed, the basic information of the customer, including work and income, will also be reviewed. If there is no problem, you will directly sign various forms and materials and so on. If not, it will only be a preliminary inspection. When the bank employees go back, they will report these materials to the branch or sub-branch, and they will not be fully approved until the approval of the superior bank is completed.
3. Filing, mortgage and loan is a very complicated process, and it will take some time for approval. After the approval of the bank, the developer will file the purchase contract in the real estate management department, which will take about one week to complete the filing, and will give the owner a formal purchase contract and a copy to the bank. Then the bank will take the customer's relevant information to the real estate office for mortgage registration, that is, mortgage the customer's house to the bank. About a week later, the real estate registration certificate will be issued, which means that the house is officially mortgaged to the bank. Then the bank will issue loans after receiving these information, and the loans will be directly entrusted and remitted to the developer's account.
When the formalities are handed over to the borrower, many materials and forms will be submitted when applying for a loan, and not all of them are left in the bank. The bank will hand over the signed mortgage contract, repayment schedule and payment voucher. Give it to the customer and the mortgage loan will be completed. Generally, the monthly payment will be made next month, and this must be returned on time, otherwise a bad record will be formed, and in serious cases, the house will be directly repurchased or enforced.