What are the advantages and disadvantages of mortgage loans to increase the number of borrowers?
1. Why is it established? * * * With the lender? And then what? The main reason is to expand the loan amount. At present, many banks require that the monthly repayment amount should not exceed half of the lender's monthly income when approving housing loans.
2. Another factor worthy of attention is of course the housing provident fund. Couples applying for housing loans together can increase the amount of provident fund loans. The interest rate of provident fund loans is lower than that of commercial housing loans 1.07 percentage points. If the proportion of provident fund loans that couples can use when applying for housing loans increases, the interest they need to pay on housing loans will naturally decrease.
There are many advantages to buying a house with a husband and wife loan. Couples also need to pay attention to the above matters when buying a house. The provident fund has certain conditions, and the loan to buy a house needs to go through certain procedures. So when you go through the formalities in this respect, you must also pay attention.
What if parents and borrowers join the mortgage?
1. According to statistics, nearly 40% of college graduates live a life of gnawing at the old. At present, the housing price is so expensive that many young people will encounter the situation that the bank has insufficient running water or is unable to repay the mortgage. As a last resort, they had to rely on the elderly and ask their parents to repay the mortgage together. So, how to add parents as co-borrower?
2. Adding parents as * * * borrowers is relatively simple. You only need to provide your ID card, household registration book, single certificate, and parents' marriage certificate, ID card, household registration book, income certificate, bank running water and other materials, and you can apply for a loan at the bank. The property is in your name, but the monthly repayment can be paid by parents.
3. It is worth reminding that in the process of adding * * * as the same payer, you and your parents need to arrive at the bank site at the same time, and the relevant formalities can only be handled after being confirmed by the staff.
In the above article, I explained in detail the advantages and disadvantages of mortgage plus borrower and how parents should treat borrowers with mortgage, hoping to help everyone. There are certain advantages and disadvantages of adding a repayment person to the mortgage. Adding parents as the same payer should follow the steps.