Buying a house by loan refers to the loan business in which the buyer applies for a loan from the bank to pay the house purchase price with the building traded as collateral, and then the buyer pays the principal and interest to the bank in installments, also known as house mortgage loan.
Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
Loan method
Loan amount x down payment = monthly repayment amount
There are two kinds of loans:
Generally divided into: average capital and equal principal and interest!
Equal principal and interest: it means that the monthly interest repayment amount remains unchanged! Generally called equal repayment!
Average capital: it means paying the principal first and then the interest! Generally called diminishing repayment!
For example: 30 X 64.23 = 1926.6 (equal principal and interest)
30 X 83.24 = 2497.2 (average capital)
Housing loan interest = repayment amount * repayment times-total loan amount
3 conditional program
People are most concerned about the conditions and procedures of mortgage loans. First of all, the information needed to apply for a mortgage loan is:
1.3. Original and photocopy of the ID card and household registration book of the applicant and spouse (if the applicant and spouse are not registered in the same household, a marriage certificate shall be attached).
2. The original purchase agreement.
3. 1 Original and photocopy of advance payment receipt for 30% or more of the house price.
4. Proof of the applicant's family income and related assets, including payroll, personal income tax bill, income certificate issued by the unit, bank deposit certificate, etc.
5. The developer's collection account number is 1 copy.
The significance of guarantee company in buying a house by loan
Buy a house with a loan and design a suitable loan scheme.
Strive for preferential loan interest rates
Accelerate the progress of loan processing
Provide professional evaluation guarantee services.
Many investment guarantee companies have gained the full trust of banks in the standardized and efficient operation of post-loan management and loan risk resolution. Some cooperative banks outsource post-loan collection and loan asset disposal to guarantee companies, and the cooperation effect between the two parties is good.