How do self-employed people borrow money to buy a house?
Generally, the bank can complete the examination and approval of the application for housing loan submitted by self-employed individuals, and issue the loan within 3 working days, with a loan term of 1-3 years.
Conditions for buying a house: When a self-employed person applies for a housing loan, the borrower should meet the following conditions: having a permanent residence account or proof of valid residence; Have a stable job and income, and have the ability to repay the loan principal and interest on schedule; Having a legal purchase contract or agreement; The mortgaged house has legal procedures and clear property rights, and no other rights have been set; Have a certain proportion of self-raised housing funds.
if an individual business owner applies for a secured loan, he must provide the same information as others, and also submit the original and photocopy of the individual business license, capital verification report and recent tax payment certificate.
Self-employed households use loans to buy houses and talk about income. Applicants for self-employed loans to buy a house must have a stable career and economic income, and ensure that they have the ability to repay the principal and interest of the loan, in case the loan cannot be collected. Now banks are all commercial banks, and the first consideration for each loan bank is to avoid financial risks.
if a self-employed person wants to realize his dream of buying a house through a loan, he must have the same conditions as others, and submit another one: a self-employed business license in his own name, a capital verification report, and a tax payment certificate for the last three months, so as to prove that he has enough ability to repay on time.
Extended information:
Conditions and procedures for loan to buy a house
People are most concerned about the conditions and procedures in mortgage loans. First of all, the information to be provided for mortgage loans:
1. 3 originals and photocopies of the applicant's and spouse's ID card (if the applicant and spouse do not belong to the same account, a marriage certificate should be attached).
2. original house purchase agreement.
3. One original and one copy of the advance payment receipt for 3% or more of the house price.
4. Proof of the applicant's family income and relevant assets, including payroll, personal income tax forms, income certificates issued by the company, bank deposit certificates, etc.
5. One copy of the developer's collection account number.
Factors affecting the loan to buy a house:
Factors affecting the loan to buy a house and the mortgage term
1. The age of the loan applicant
When the bank evaluates the repayment period of the mortgage for the borrower, it first takes its age as the basis. Generally speaking, under the premise of meeting the loan conditions, the younger the age, the longer the loan period, whereas the older the age, the shorter the loan period. Under normal circumstances, "the lender's age loan period does not exceed 65 years" is the loan period that the bank can handle for it.
2. Age of the house to be loaned
When the lender purchases the house, the "age" of the house to be purchased will determine how many years it can borrow. According to the regulations of the bank, it is easier to make loans for properties with newer rooms. For example, second-hand houses with a building period of less than 1 years have good conditions in all aspects, and banks are willing to speed up the examination and approval of such housing loans.
In the 197s and 198s, the second-hand houses were older, and the risk of loans controlled by banks was relatively high. Therefore, banks were very cautious in approving loans for such houses.
3. The financial ability of the loan applicant
On the other hand, for the applicant who buys a house by loan, such as work income, job stability, savings deposits and assets are also factors considered by the bank, and they are also factors to measure the application time of their own loan years. Borrowers with strong economic strength can consider loan schemes with short loan life and certain repayment pressure.
a loan scheme with 7% for 1 or 15 years or even 6% to 5%. Borrowers with poor economic strength should pay attention to whether their own economic conditions allow them to bear greater repayment pressure. If the bank's reputation and qualifications are good, such people may get loans for up to 8% to 2 years.