The real estate market has been booming in recent years. The transaction volume has been rising. More and more people want to buy houses, and the proportion of money invested in real estate is also increasing. However, the rich are always only a minority. More friends choose to borrow money (loan) to buy a house, so what are the rules and regulations that you need to know about a house purchase loan? This is a basic knowledge of home loans. I hope it will be helpful to friends who are interested in buying a house!

Personal housing loan

Personal housing loan refers to a loan issued by the lender to the borrower for the purchase of an ordinary house for self-use, which is commonly known as a personal housing mortgage loan.

Loan ratio and maximum loan amount

Loan ratio refers to the ratio of the loan amount issued by the bank to the borrower and the value of the house used as collateral.

The maximum loan amount refers to the maximum loan amount that a bank can extend to a borrower, usually expressed as a number or percentage. Different types of loans have different maximum loan amounts.

For example, the maximum loan amount of a personal housing loan can reach 80% of the mortgage value (the total price of the house). That is to say, the borrower only needs to pay 20% or more of the total price of the house. The down payment is made and the rest is paid through a bank loan.

Repayment method

There is a difference between equal principal and interest and equal principal!

Equal principal and interest repayment method: refers to the borrower’s payment during the entire repayment period. , a repayment method in which the sum of the loan principal and interest repaid each month remains unchanged (except for interest rate adjustments), but the proportion of principal in the monthly repayment increases month by month and the proportion of interest decreases month by month.

Equal principal repayment method: means that the borrower's monthly loan principal repayment is fixed, that is, the principal is evenly distributed throughout the entire repayment period, but the loan interest paid decreases month by month. A repayment method in which the loan repayment amount decreases monthly during the repayment period (the actual interest payment will vary slightly depending on the number of interest settlement days).

Personal housing loan

Application conditions

The borrower (buyer) needs to meet the following conditions:

1. Male: age 18-65 Female: 18-60 years old with full capacity for civil conduct

2. Pay the first installment of the house purchase payment.

3. Have stable legal income and the ability to repay loans and interest.

4. The borrower agrees to use the purchased house and its equity as collateral.

5. The property rights of the purchased second-hand house are clear and meet the conditions stipulated by the government for entering the real estate market.

6. The purchased house is not within the scope of the demolition announcement.

7. Other conditions required by the lending bank.

Information to be submitted

The borrower (buyer) who purchases a new house needs to provide information:

ID card, household register, marriage certificate, income certificate, bank statement , House purchase contract (if married, please provide information of both spouses)

Conditions: As long as you have a stable income and bank flow, it is enough as long as the flow is available every month. The monthly income on the income certificate needs to be paid monthly. 2 times.

For example, if the monthly payment is 2,000 yuan, the monthly income needs to be about 4,000 yuan. In addition, the credit report must not be overdue. Generally, bank requirements are that it cannot be overdue three times in a row and six times in total within two years. It is viewed on a family basis.

The borrower (buyer) who purchases a second-hand house needs to provide information:

ID card, household register, marriage certificate, income certificate, bank statement, house purchase contract (if married, provide information of both husband and wife) )

Conditions: As long as you have stable income and bank flow, it is enough as long as the flow is available every month. The monthly income on the income certificate needs to be twice the monthly payment.

For example, if the monthly payment is 2,000 yuan, the monthly income needs to be about 4,000 yuan, and the credit report must not be overdue. The general bank requirement is that it cannot be overdue three times in a row and six times in two years, so the family Viewed for the unit.

(The above answer was published on 2017-01-12, please refer to the actual relevant current house purchase policies)

To buy a new house, go to Sohu Focus.