Mortgage to buy a house loan process:
Choose real estate;
Confirm whether the real estate built by the developer is supported by the bank to ensure the smooth acquisition of mortgage loans;
Apply for mortgage loan;
Sign a house purchase contract. After examining and confirming that the property buyers meet the mortgage loan conditions, they will be issued with a loan consent notice or a mortgage loan commitment letter;
Property buyers can sign a "pre-sale contract for commercial housing" with developers or their agents;
Sign a house mortgage contract. Clarify the rights and obligations such as the amount, term, interest rate and repayment method of mortgage loan;
Handle mortgage registration and insurance. Usually, due to the relatively long term of mortgage loans, banks require buyers to apply for life and property insurance to prevent loan risks;
Open a special repayment account;
After handling the relevant formalities, the loan will be transferred to the bank supervision account opened by the developer in the bank at one time as the purchase price of the purchaser;
The borrower repays the loan regularly according to the contract.
Conditions for buying a house with a loan:
China residents aged 18-65 with permanent residence or valid residence status in local towns;
Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule;
Self-raised funds of more than 20% of the total price of the house purchased, and guaranteed to be used to pay the down payment of the house purchased;
Using assets recognized by banks as collateral or pledge, or using units or individuals with sufficient compensatory capacity as guarantors to repay the principal and interest of loans and bear joint liability;
There is a purchase contract or agreement, and the price of the purchased house basically conforms to the appraisal value of the bank or the real estate appraisal agency entrusted by the bank;
Other conditions stipulated by the bank.
Preparation materials for loan to buy a house:
Husband and wife's ID card, household registration book/temporary residence permit, and foreigner's household registration book;
Marriage certificate/divorce certificate or court judgment/single certificate 2 copies;
Proof of work income (format stipulated by the bank);
Credit certificate: including education certificate, other real estate, bank running water, large deposit certificate, etc.
If the borrower is an enterprise legal person, it must also provide the annual business license, tax registration certificate, organization code certificate, articles of association and financial statements;
Other information stipulated by the bank.