When a borrower buys a property, the "age" of the property he buys will determine the number of years he can borrow. According to the regulations of the bank, it is easier to get a loan than a new room property. For example, the second-hand houses with a construction period of 65,438+00 years are in good condition in all aspects, and banks are willing to speed up the approval of housing loans at this age. However, in 1970s and 1980s, second-hand houses were relatively old, and the risk of loans controlled by banks was relatively high, so banks were very cautious in approving loans for such houses.
The financial ability of the loan applicant, the monthly repayment amount can not exceed half of the income. Otherwise, the loan time will be extended.
The actual loan is mostly about 20 years.
The loan interest rate is issued by the Central Bank of China. At present, the interest rate for loans over five years is 5.9%, and the interest rate for provident fund loans over five years is 4%. Banks can raise or lower the interest rate of commercial loans according to the borrower's situation.
Mortgage and mortgage are actually the same thing. Mortgage loan is a mortgage loan with a house as collateral.