Problems needing attention in housing mortgage loan
First, whether the credit record is good.
The biggest difference between mortgage loan and other loans is that when the borrower fails to repay the loan for a long time, the bank will auction the mortgaged house to make up for the economic losses. Therefore, when approving mortgage loans, banks will pay special attention to borrowers' credit records and generally choose borrowers with good reputation to cooperate. If you have overdue users for more than 3 times in two years, or accumulated overdue users for more than 6 times, the probability of application rejection will greatly increase.
Second, can you mortgage the property in someone else's name?
In addition to the property in my name, the property provided by the borrower in the name of others can also be recognized by the bank. However, in order to avoid legal disputes, it is necessary to obtain the consent of the owner of the house when mortgaging the property under the name of others, and at the same time issue relevant application materials for agreeing to mortgage, so as to pass the bank audit. If you take your house to the bank for mortgage without the owner's consent, the bank will reject your application.
3. Does the mortgaged property have liquidity?
The property mortgaged to the bank must be realized, otherwise the bank will not accept your application. For example, if you intend to mortgage a set of dilapidated houses that are about to collapse for more than 40 years to a bank, the bank can refuse the application through field investigation and housing conditions.
4. Do you have enough repayment ability?
When approving loans, banks will not only consider whether the borrower's credit record is good, but also examine whether the borrower has sufficient repayment ability. Therefore, if you don't have a stable job, or you can't provide proof of income and work, or you can't provide bank running water, you will generally be recognized as a person with worrying repayment ability by the bank, and you are not eligible to apply for a mortgage loan.
Verb (abbreviation of verb) Can the mortgaged property be mortgaged twice?
Secondary mortgage means that the property with mortgaged property rights is mortgaged again, which is secondary mortgaged property. Two mortgage is characterized by obtaining loans directly through evaluation without paying off the previous loans, which will save many intermediate links such as time and prepaid costs, and will once again show the residual value of the property.