First, the concept of housing mortgage loan
Refers to the loan issued by the lender to the borrower for the purchase of self-occupied ordinary housing. When the lender issues the loan, the borrower must have paid the down payment of the specified proportion of the house purchase, and take the purchased house as collateral. Before the issuance of the real estate license and mortgage registration of the purchased house is completed, the seller shall provide joint liability guarantee and undertake the repurchase obligation.
Second, the basic conditions
The borrower has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan;
The purchased house is located in a town (including urban area, county town and big market town), and in principle it is the borrower's current residence or place of work and business;
Has signed a contract or agreement with the seller to purchase housing, and has paid more than 30% of the purchase price;
Agree to apply for mortgage registration of pre-purchased commercial housing first, and promise to use the purchased housing as loan mortgage, and re-apply for mortgage registration after the purchased housing is completed and the property right certificate is obtained;
The seller agrees to provide the borrower with joint liability guarantee and undertake the repurchase obligation;
It is agreed to handle the bank card (or discount) at the lending bank and entrust the lending bank to deduct the principal and interest of each loan.
Three, should provide the following information
Letter of Intent for House Purchase signed by the Borrower and the Seller, receipt of more than 30% house payment or other supporting documents;
The borrower's valid identity certificate, marital status certificate and other necessary documents;
Proof that someone is willing to mortgage the property;
Other materials deemed necessary by the loan bank;
If the borrower is a legal person, it must carry a valid business license of enterprise legal person or business license of enterprise legal person, identity certificate of legal representative, financial statements and loan card. If it is a joint-stock enterprise, it is also necessary to provide the articles of association and the mortgage certificate of the board of directors.
Four. General commercial terms
The loan amount is determined according to the borrower's personality, occupation, education level, repayment ability and the liquidity of the purchased house. The loan term is generally less than 30 years, and the maturity date of the loan cannot exceed the borrower's 65 years of age in principle.
The loan interest rate shall be subject to the provisions of the People's Bank of China. In case of legal interest rate adjustment, if the term is less than 1 year, the contract interest rate will be implemented and interest will not be calculated by installments; If the term exceeds 1 year, the new interest rate will be implemented at the beginning of the following year.
The Borrower shall repay the loan principal and interest according to the repayment method and repayment plan agreed in this Contract. If the loan term is within 1 year (including 1 year), the interest shall be paid quarterly and the principal and interest shall be settled at maturity; If the loan term exceeds 1 year, the principal and interest of the loan shall be repaid in monthly installments.
Verb (abbreviation of verb) housing mortgage loan process
(1) The seller proposes the mortgage loan cooperation intention to the loan bank.
(2) The loan bank investigates the seller's development projects, construction qualification, credit rating, person in charge's conduct, corporate social goodwill, technical strength, operating conditions and financial conditions, and signs a mortgage loan cooperation agreement with qualified sellers.
(3) The borrower signs a house purchase agreement with the seller and pays more than 30% of the house price (40% of the commercial house).
(4) The borrower applies for mortgage loan with the purchase agreement, 30% purchase receipt, ID card and proof of marital status, and opens a deposit account or bank card in the loan bank.
5] After investigation, examination and approval, a loan contract is signed, and after the agent of the loan bank completes the registration and notarization procedures, the money will be deposited into the seller's account (the insurance is based on the principle of customer's voluntariness), and the customer will be informed to go to the seller to handle the purchase formalities with the contract.
[6] In the future, as long as the borrower leaves enough repayment amount in the deposit account or bank card before the 20th of each month (quarter), the loan bank will automatically deduct it from the borrower's account and settle it all at maturity.
(7) The lender pays the deed tax, obtains the deed certificate, and completes the registration procedures of the real estate title certificate and the house mortgage. Fees are charged in strict accordance with the charging standards of relevant competent departments, and no agency fees are charged. The borrower must provide all the materials required for the above procedures. After the loan is returned, the lender cancels the collateral and returns it to the customer.
At present, the mortgage contracts signed by domestic borrowers and banks are all floating interest rates. Every time the central bank raises interest rates, the borrower's monthly payment will increase accordingly. Fixed-rate mortgage will not "go with the market", that is, the fixed interest rate is set when the loan contract is signed, and the borrower will pay interest at the fixed interest rate no matter how the interest rate changes during the loan period. Take the mortgage with a loan of 500,000 yuan and a term of 10 year as an example. If the central bank raises interest rates by 0.25 percentage points every year from the second year after mortgage, the floating interest rate will be 7.245% and the fixed interest rate will be 6. 12% in the tenth year. 10 years later, the fixed deposit rate is 3 1300.