What are the procedures and conditions for full mortgage loan?
Conditions of whole house mortgage loan
Have a proper occupation and a stable source of income, and have the ability to repay the principal and interest of the loan on time. There are no illegal acts and bad credit records. It can provide effective pledge guarantee of rights recognized by banks or legal and effective real estate as mortgage guarantee or a third-party guarantee with compensatory ability. Open a personal settlement account of China Industrial and Commercial Bank, and agree that the bank will deduct the loan principal and interest from its designated personal settlement account. Other conditions stipulated by the bank.
Whole house mortgage loan procedure
1. Full-amount house mortgage loan requires the borrower to fill out the Application for Mortgage of Residential House before handling the mortgage loan, and submit the following supporting materials to the bank: the borrower's fixed income certificate issued by the borrower's unit. Credit certification documents such as business license and legal person certificate of the loan guarantor. Legal and valid identity certificate of the borrower. Process steps of handling mortgage loan of self-owned real estate according to law. Full mortgage loan requires banks to review the borrower's loan application, house purchase contract, agreement and related materials according to the bank loan process. The borrower shall hand over the title certificate, insurance policy or securities of the mortgaged property to the bank for safekeeping. The borrower and the borrower's guarantor sign the housing mortgage loan contract and notarize it.
2. According to the above-mentioned real estate mortgage loan process, after the loan contract is signed and notarized, the bank's deposits and loans to the borrower are transferred to the selling unit or building unit specified in the purchase contract or agreement. There are restrictions on handling loans. If you are over 18 years old, you need a natural person with full capacity for civil conduct for mortgage loan. Due to the limitation of personal credit, such as unstable professional income, bad credit and unpaid ability, many people hope to get high-level loans. However, you must have the corresponding income to match it. If your personal credit has a bad record, you are also at risk of being rejected.
Housing mortgage loan interest
At present, bank mortgage loans are divided into self-owned mortgage loans and mortgage mortgage loans, and the interest rates of the two loans are different. The interest rate of mortgage loan is usually higher than that of self-owned property. Next, we take China Merchants Bank and China Bank as examples to compare mortgage loans:
1, China Merchants Bank, if you choose to handle mortgage bank loan business in China Merchants Bank, its loan purposes are also limited, and you can only buy a house, buy a car and operate. The loan amount is based on 70% of the appraisal price given by the housing appraisal agency. If your money is used for car purchase and production, the loan period is generally 3 years. If you buy a house, the sum of the loan period and the age of the house cannot exceed 30 years. But it is clear? The loan interest rate usually rises on the basis of the benchmark interest rate of the central bank for the same period 10%? .
2. The mortgage loans of Bank of China and Bank of China are only applicable to houses with an area of more than 85 square meters and an age of less than 15. The loan amount is closely related to the age of the house. Loans from 5 years to 10 years are 50% of the appraisal price, and the loan interest rate is the benchmark interest rate of the central bank for the same period. Take the loan of 10 as an example, and the interest rate is 7.83%.
What are the procedures and conditions of the full mortgage loan I introduced to you? House mortgage interest? We need to know how to deal with real houses more smoothly. First of all, we need to know the conditions, whether we can meet the requirements of adjusting mortgage loans, and if we meet the conditions, we can prepare all relevant information and housing information. In this way, in the process of processing, we will not delay our processing time because of insufficient information.