2. Second-hand housing: For second-hand housing loans, banks will consider the age of the house, so the loan application period for second-hand housing will generally not exceed 20 years.
Calculation of housing loan term and its influencing factors
Buying a 70-year-old house or a second-hand house has two factors that affect the loan period: the age of the house and the age of the lender. Both of them need a short time, but they can't exceed the maximum loan period of 30 years. Taking commercial loans as an example, the loan period of second-hand houses is usually 50 years-the age of the house, 65 years-the age of the lender, whichever is shorter, but it cannot exceed 30 years.
1, commercial loan term
(1) Second-hand commercial or commercial-residential dual-use houses with property rights of 40 to 50 years. The longest loan period of this kind of second-hand house is 10 year.
(2) The 70-year-old house and the commercial loan period of the second-hand house are affected by the age of the house and the age of the lender.
1) depending on the age of the house: loan period =50- the age of the house.
It should be noted that the age of second-hand houses is subject to the assessment report of the assessment agency recognized by the bank.
2) Look at the lender's age: loan period =65- lender's age (some banks are 70- lender's age).
Generally, the longest commercial loan term is 30 years, and the shorter one is obtained by the above two algorithms.
In addition, banks also require that the maturity date of loans should not exceed the term of land use rights. The service life of housing land is calculated from the time when the developer takes the land. The normal service life of the land should be 70 years, but the second-hand house will definitely not reach this service life, and the short service life of the land will also affect the service life of the mortgage.
2, provident fund loan period
(1) Second-hand commercial or commercial-residential dual-use houses with property rights of 40 or 50 years cannot use provident fund loans.
(2) For a house with a property right of 70 years, the loan period of the municipal provident fund =70- the age of the lender.
The longest loan period of the provident fund is also 30 years. The loan term calculated by the age of the house and the age of the lender, whichever is shorter.
3. Portfolio loan
Portfolio loan requires that the term of commercial loan and provident fund loan must be the same. The term of commercial loans and provident fund loans calculated by the above method shall be the shorter of the combined loan term.
Of course, the fixed number of years of portfolio loans should also be evaluated by evaluation agencies. Moreover, it is generally not possible to find an evaluation company by yourself, but to find an evaluation institution recognized by the provident fund center. Generally speaking, how many years can a second-hand house be loaned can only be calculated according to the age of the house and the age of the lender. How many years you can finally borrow is determined by the evaluation report issued by the bank or the evaluation agency recognized by the provident fund center.