Before buying a house, buyers must first know whether they meet the local conditions for buying a house, especially friends who want to buy a house in these big cities. If they don't have the local qualifications for buying a house, they can't apply for loans to buy a house. Generally speaking, buyers with local hukou can buy the first suite locally, and some cities will require buyers with foreign hukou to pay social security.

2. Estimate the funds for buying a house

Buying a house with a loan is not just about preparing the down payment. Buyers should estimate the funds in their hands and make a purchase budget in advance before going through the formalities of buying a house with a loan. Before buying a house, everyone should have thought about what kind of house to buy, and be aware of the down payment required for buying a house with a loan, but we must not ignore other expenses such as taxes, maintenance funds, property fees and decoration fees in the later period.

3. Looking at a house and choosing a house

Property buyers should follow a principle when looking at a house and choosing a house, that is, what suits them is the best. When choosing a house, they should determine the location according to their own life and work scope, and pay attention to various issues such as apartment type, floor and environment. In addition, property buyers also need to know more about the developers, and whether the real estate developed and built by the developers is supported by the banks, because some real estate projects may be unable to apply for loans.

4. Pay the down payment and sign the contract

Although most buyers will pay the down payment after choosing a house, the down payment is voluntary, and buyers can choose not to pay it. After the buyer chooses the house, it is time to pay the down payment and sign the contract. I believe everyone knows the importance of the purchase contract, so when signing the purchase contract, the buyer must pay attention to whether the content is perfect or whether there are controversial places, including the division of responsibilities and handling methods for unexpected situations after the delivery.

5. Submit a loan application

After signing the house sales contract, you can apply for a commercial loan from the bank. Whether it is a first-hand mortgage or a second-hand mortgage, it is necessary to submit the complete materials approved by the bank to the bank for review, which is an important step in the commercial loan process.

6. The bank accepts the investigation

After receiving the application materials of the loan applicant, the bank will review the materials. The general review time for commercial loans is 15 working days, not more than one month. During the bank's investigation, the loan applicant will be asked to supplement some information according to the situation. Therefore, the loan applicant needs to keep in touch with the bank during this period.

7. Bank verification and approval

The loan bank will verify several aspects: the situation of the house, the qualification and credit of the borrower, etc. This is an important link in the commercial loan process. If the credit of the loan applicant is bad, it will directly lead to the failure of the loan application, so it is very important to accumulate good personal credit in life.

8. Both parties go through relevant formalities

The bank informs the loan applicant that after the loan is approved, it is necessary to open an account in the bank, get a debit card and sign a loan contract. At the same time, handle the relevant guarantee procedures such as mortgage, guarantee, pledge and insurance. When signing a loan contract and handling the guarantee formalities, you must know the detailed rules in the contract in detail and make clear your rights and obligations so as to avoid unnecessary misunderstanding.

9. House handover

If you buy an auction house, you usually have to wait a year or two to take over the house; If you buy an existing house, you can usually hand it over before long. When the house is handed over, the buyer must carefully check every corner of the room, fill in the house inspection report item by item, and communicate with the developer in time if problems are found.

what are the conditions for a borrower to apply for a commercial loan?

1. The borrower can provide legal and valid identification.

2. The borrower can provide a valid residence certificate.

3. The borrower has a stable occupation and income source.

4. The borrower has reached the age of 18.

5. The borrower has the ability to repay the loan principal and interest.

6. The borrower implements the mortgage guarantee conditions.

7. The borrower has full capacity for civil conduct.