It is a trend to buy a house by loan now. When many people participate in buying a house, the first thing they think of is a loan. But how to get a loan, what procedures are needed, so that many people do not know what to do. The following small series will introduce you to the procedures and processes needed to buy a house with a loan:

I. Individuals applying for commercial housing loans shall provide the following information:

1. Household registration book, ID card and copy of the borrower's husband and wife (* * * same owner).

2. The purchase contract or agreement signed with the sales unit.

3. The position and income certificate issued by the borrower's unit. Private enterprises mainly provide business income and tax payment certificates, business licenses and copies issued by relevant departments that can show their debt repayment.

4. The borrower's down payment deposit certificate and a copy.

5, personal housing loan application form (provided by the bank format).

Second, if you want to avoid some troubles, when buying a house, the developer will sign a cooperation agreement with one or more banks, which will make this procedure more convenient.

Third, banks review mortgage applications. The bank's credit staff will review and approve the materials submitted by the applicant step by step. If it is considered that it meets the conditions of bank loans, the applicant shall be notified to sign the Individual Housing Mortgage Loan Contract, and the contract period shall not exceed 30 years. After the examination and approval, the loan contract, mortgage contract and guarantee contract shall be signed, and the mortgage registration, home insurance and notarization procedures of housing property rights shall be handled, and the loan entry and transfer procedures shall be handled.

Fourth, open an account. Customers who choose entrusted deduction for repayment need to sign an entrusted deduction agreement with the bank, and open a special savings passbook account, savings card or credit card account for repayment at the business outlets designated by the lending bank. At the same time, the seller shall open a settlement account or deposit account with the loan bank.

V. Repayment method: There are two repayment methods for individual housing loans, namely, the equal principal and interest repayment method with fixed monthly principal and total interest and the average capital repayment method with the same monthly principal. At present, banks mostly use equal principal and interest repayment methods. Because in the same loan period, using this repayment method, the monthly repayment amount is fixed and easy to remember, and the borrower has less initial repayment pressure.

6. Repayment as agreed: The borrower must repay the principal and interest of the loan according to the repayment plan and repayment method agreed in the loan contract, otherwise the bank can repossess the house according to law. Remind the lender to repay on time.

Seventh, repay the loan. Remember to cancel the mortgage registration after the loan principal and interest are settled, so that you can become the real person of the house.