What types of home mortgage loans are there? And what are the procedures for handling it? Real estate mortgage has always been a hot topic in loans. Nowadays, the most common types of house mortgage loans are divided into two categories, namely existing houses and off-plan houses. Next, the editor will introduce to you the procedures for mortgage of existing houses and off-plan houses.

1. Apply for an existing house mortgage loan: First, the borrower needs to find an appraisal agency to conduct a property value appraisal and obtain a "Real Estate Appraisal Report" issued by the appraisal agency. Secondly, both husband and wife should go to the scene to submit the above information and sign a real estate mortgage contract. Again, the borrower signs a loan contract with the bank. Fourth, the bank will grant the loan after approval. Finally, the borrower repays the loan in installments or in one lump sum and cancels the mortgage on the property to get back the property certificate.

2. Apply for an off-plan house mortgage: The borrower goes to the bank to sign a house purchase loan contract with the house purchase pre-sale contract, the original and copy of the house advance payment receipt, and the original and copy of the couple's marriage certificate, and the bank approves it. After the loan is issued, the real estate certificate is handed over to the bank. After the borrower repays, he goes to the bank to cancel the loan and get the real estate certificate back.

In addition, it is worth noting that if a property owned by another person is used as a mortgage, the mortgagor must issue a written commitment agreeing to the borrower’s application for a loan using the property as a mortgage, and require the mortgagor and his or her spouse or other Signed by the person with the right to the property.

So when applying for a house mortgage, applicants should communicate more with family or friends and reach an agreement before applying for a mortgage, which saves time and trouble.

(The above answer was published on 2015-06-29, please refer to the actual current relevant home purchase policies)

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