I believe everyone knows something about real estate mortgage. Nowadays, many people often don't know the specific process when applying for loans. It is recommended to prepare the required materials and certificates in advance and go through the formalities according to the regulations. So how to mortgage the existing property? What are the requirements for applying for real estate mortgage loan? Here, Xiaojie gives you a detailed introduction of relevant knowledge.
How to mortgage the existing property? What are the requirements for applying for real estate mortgage loan?
How to mortgage the existing property?
1. Select a lending institution.
If you want to borrow money to buy a house as collateral, you must first choose a suitable lending institution. Now there are many lending institutions, such as major banks and credit companies. Among them, bank loans are relatively safe and reliable, and the loan interest rate is low, but their review is strict and slow. The review of credit companies is relatively loose and fast, that is, the loan interest rate is high. If you need a real estate mortgage loan, you can choose according to your own needs.
2. Fill in the application for mortgage loan and submit relevant materials.
After the loan institution is selected, it can bring personal ID card, household registration book, marriage certificate, real estate license, income certificate and other related materials to the loan institution to apply for a loan. At the same time, you should fill out the mortgage application form, especially to explain the purpose of the loan.
3. First trial
Next, banks and other lending institutions will review their loan information and loan qualifications, and once they meet the loan application conditions of the institution, they will be approved.
4. Real estate appraisal
After the approval, the lender will designate a qualified appraisal agency to appraise the value of the mortgaged property, and the applicant needs to pay the relevant appraisal fees, which will be collected by region.
5. Approve the loan and sign the mortgage loan contract.
After the evaluation results come out, the lending institution will confirm the amount, term, interest rate and repayment method related to the loan according to the materials and evaluation report submitted by it. After both parties agree, they can sign a mortgage loan contract.
6. Apply for mortgage registration and loan.
Once the loan mortgage contract is signed, the parties to the loan mortgage, that is, the applicants and lending institutions such as banks, need to go to the local real estate center for housing mortgage registration and filing. After these procedures are completed, the financial institution designated by the bank will lend money to the applicant.
Related Questions and Answers: Related Questions and Answers: What kind of loan can I apply for for mortgage? 1. Real estate appreciation, can you realize the appreciation space of real estate without selling the house?
When it comes to the appreciation space of real estate, we have to mention the price of real estate assessment.
The real estate appraisal price refers to the price obtained by the intermediary agency after evaluating the house according to the relevant data. To put it simply, the bank entrusts a third party to evaluate the value of your house according to the current market situation. For example, in 2007, I bought 800,000 suites in Dongguan East City. Later, with the development of society, the overall number of houses in this area rose to 2 million. At this time, if you lend money, the third party agency will evaluate the current market value of your house according to the current market situation.
This appraisal price will determine the mortgage amount of your future house.
How do you say this? I believe many people have heard that the mortgage of a house can generally be mortgaged to 70% of the house. So how is the 70% of this house calculated? In fact, it is an evaluation agency based on a third-party bank, that is, the real estate evaluation price just mentioned is calculated at 70%.
To put it simply, the key factor of real estate appreciation is real estate assessment price. And now the interest rate of mortgage loan is generally 3%, and the interest rate is very low, which is very suitable for friends with entrepreneurial ideas. If it doesn't work, it's good to buy bank wealth management products.
2. Is the property a refundable credit card?
Earlier, we talked about the real estate appraisal price, and I believe many friends probably have a little understanding. So what is the basis for the bank to judge the value of our house?
To judge the value of a house, we must first distinguish between one and two. Let's talk about one-to-two financing first.
Mortgage refers to the whole house without loan, as mortgage and loan. The second mortgage is self-evident, that is, refinancing on the basis of mortgage. At present, the re-mortgage of the house mortgaged by everyone belongs to the secondary mortgage.
If you're new here, it's easy. Just take the little red book and get a loan. As long as the credit information is not particularly bad, it is generally easy to apply for loans.
If it is 2%, then you need the evaluation price mentioned above. The maximum amount you can borrow is equal to the real estate appraisal price multiplied by 70% minus the existing loan. That is, for example, if you have a property of 2 million now, but the mortgage is still 6.5438+0 million and there is a loan of 200,000, then the maximum amount you can borrow is equal to 2 million minus 6.5438+0 million and then minus 200,000, which is 800,000.