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Nowadays, mortgage policies are getting stricter and housing prices are getting higher and higher. Many people still need loans in middle age. Only when you are older can you buy a house, and banks also have certain requirements for lenders when you are older. So, can you still get a loan to buy a house at the age of 55? Follow the editor to find out!

Can you still get a loan to buy a house at the age of 55?

You only need to meet bank regulations to get a loan. To buy a house: 1. The actual age and loan period of men cannot exceed 60 years old, and the actual age and loan period of women cannot exceed 55 years old; 2. Have a permanent residence of urban residents or have a legal and valid ID card; 3. Have stable legal income and have Ability to pay loan interest.

How many years can you borrow to buy a house?

1. The maximum term of a commercial loan to buy a first-hand house is 30 years. Generally speaking, if a bank thinks it is possible, it will lend you a loan. The term of a personal housing loan should be more than one year. The bank will subtract the actual age from the borrower's retirement age, and the remainder is the borrower's loan term. The maximum age and loan term for male borrowers cannot exceed 60 years, and the maximum age and loan term for female borrowers cannot exceed 55 years.

2. The loan period for young people is generally 30 years, but it can also be determined according to their own circumstances, such as 20 years, 15 years, 10 years, 5 years, etc. The bank stipulates that the minimum age for borrowers must be 18 years or above. The longer the loan term, the higher the loan interest will be. Therefore, when choosing a loan to buy a house, you can measure your monthly repayment ability based on your monthly income level before deciding on the loan term. .

3. Bank regulations allow the loan term to be shortened, but not extended. When applying for a loan, if a lender feels that his income is acceptable and wants to choose a repayment period of 20 years, but his income suddenly decreases and he wants to extend the repayment period to 30 years, the bank will not agree, and vice versa. , if you want to repay the loan early, the bank will agree.

Editor’s summary: The above is the relevant content about whether you can still get a loan to buy a house at the age of 55 and how many years you can take a loan to buy a house. I hope it will be helpful to everyone.

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