What should I pay attention to when buying a house with a loan?
1, apply for a mortgage and do what you can.
Some people think that the bigger the loan amount, the better, but this is not the case! Because you have to pay the mortgage and interest. If your loan term is longer and the loan amount is larger, the more interest you pay, which will increase your repayment pressure.
2. Prepare loan information in advance.
Copy of ID card, copy of household registration book, copy of marriage certificate or single certificate, copy of education certificate, copy of income certificate, copy of bank account, purchase contract, down payment invoice, social security related certificates, etc. It is also very important that if there is a bad credit record in credit card repayment, you must apply for cancellation or issue relevant certificates.
Step 3 provide real information
If the loan buyers provide false materials to the bank, it may have a serious impact: it will affect the bank's review, unable to issue loans, and unable to realize the dream of living in peace; What's more, it may be because individuals provide false materials, which leads to the inability to apply for loans, which leads developers to require buyers to bear the liability for breach of contract for overdue delivery of mortgage materials and pre-sale contracts of commercial housing and pay a considerable amount of liquidated damages.
4. Clear the repayment method in advance.
At present, there are two main repayment methods for bank loans to buy a house, namely, equal principal and interest and average capital. Although the interest rate in average capital is less, the monthly supply is higher and the pressure is relatively greater. The total interest of equal principal and interest will be higher, but the monthly repayment pressure will be less. You can choose the appropriate repayment method based on your own situation.
5. Don't use the provident fund before applying for a loan.
If the borrower withdraws the balance of the provident fund before the loan, the balance of the provident fund in his provident fund account will become zero, so the amount of the provident fund loan will become zero. In other words, you can't successfully apply for provident fund loans at this time.
6. Don't prepay within one year.
According to the relevant provisions of bank loans, part of the prepayment should be made after 1 year repayment, and the amount returned should exceed the repayment amount of 6 months.
7. Repay in full and on time.
After obtaining the loan, the borrower must repay the loan in full and on time in accordance with the provisions of the loan contract, so as not to leave a bad credit record and cause unnecessary trouble.
8. If you can't repay the loan on time, you can apply for an extension.
After the loan application is approved, the buyer can repay the loan every month. What should I do if I encounter difficulties halfway and can't repay the loan on time? Property buyers can apply to the bank to change the loan term, and if the loan bank agrees, they can extend the loan term.
9. Remember to cancel the mortgage.
After the borrower pays off the mortgage loan, don't forget to go through the mortgage cancellation procedures, otherwise the house will always be mortgaged in the bank. If you want to apply for a real estate mortgage loan in the future, you can't do it.
10, don't lose the loan contract and IOUs.
As the loan term may be as long as 30 years, as a borrower, you need to take good care of your contracts and IOUs. When applying for mortgage loan, the loan contract and loan note signed by the bank with you are important legal documents.