According to the relevant regulations on bank loans, if an individual applies for a housing mortgage loan to buy a third house, the applicant is required to have paid off the arrears of the previous housing mortgage loan, and now has sufficient down payment and repayment. Only those with good repayment ability and good credit record can apply for a third home mortgage loan.

What should you pay attention to when applying for a housing loan?

1. When applying for a housing loan, you must act within your ability: Some people think that the larger the loan amount, the better, but this is not the case! Because you have to repay the housing loan after you obtain it. You also have to pay interest. The longer your loan term and the larger the loan amount, the more interest you pay on the loan, which increases your repayment pressure.

2. Choose the right repayment method: There are currently two common mortgage repayment methods, namely: equal principal and interest repayment and equal principal repayment. Among them, the latter saves money than the former, but the early repayment pressure is greater. Borrowers can make reasonable choices based on their income.

3. Prepare loan information in advance: copy of ID card, copy of household register, copy of marriage certificate or single certificate, copy of academic certificate, income certificate and bank statement, copy of house purchase contract and down payment Invoices, social security related certificates, etc. Another important point is that you have no bad credit record for bank loans or credit card repayments. If you have any, you must apply to clear it or issue relevant certificates.

4. Repay the loan in full and on time: After obtaining the loan, the borrower must repay the loan in full and on time in accordance with the provisions of the loan contract to avoid leaving a bad credit record and causing unnecessary trouble.

5. Remember to go through the mortgage release procedures after paying off the loan: After the borrower has paid off the mortgage, he must not forget to go through the mortgage release procedures, otherwise the house will always be mortgaged in the bank. If you want to apply for a real estate mortgage in the future Loans cannot be processed.