In order to avoid using the loan for other purposes, the amount of the housing loan will be directly transferred to the account agreed between the bank and the developer. Lenders can directly repay the amount of bank loans as agreed.

The process in mortgage to buy a house is as follows:

1. Before handling the loan, the borrower should know whether the purchased house has a letter of commitment from the bank to provide personal housing mortgage loan. Then, the borrower applies for personal housing mortgage loan, fills in the loan application approval form, and submits the original and photocopy of relevant materials (down payment certificate, sales contract, ID card, proof of economic income source, etc.). ) to the loan bank;

2. Developer: As the loan guarantor, sign and seal the "Guarantor's Opinion" column of the loan application approval form;

3. Loan bank: Bank staff will review all materials and documents submitted by loan applicants and approve them step by step;

4. The loan bank takes back the completed materials and issues loans according to the legally effective loan contract;

5. The property right registration and notarization department of the Bureau of Land and Resources shall go through the formalities of mortgage registration of real estate property rights;

6. Inform the developer to recover the loan contract, and the developer will issue a certificate of paying off the house price to the lending institution;

7. Inform the borrower to get back the loan contract, IOUs and insurance policies;

8. The bank staff of the loan bank will file the loan file.