1. To apply for a mortgage loan, the lender needs to have a good credit record, be able to repay the loan and principal and interest at the same time, and have bank running water as auxiliary materials. If one of the requirements fails to meet the bank's standards, there is the possibility of being refused a loan, such as the bank's credit information is in a mess and there is no stable income.
2. Not all houses can apply for real estate mortgage loans, such as schools, kindergartens, hospitals and other public welfare houses, second-hand houses that are too old and too small, houses that cannot provide purchase contracts or purchase agreements, houses with disputed ownership, and houses within the scope of demolition cannot be used for mortgage loans.
I. Commercial housing loan process
1. Submit a loan application to the bank.
The content should explain the purpose, amount and term of the loan.
2. Submit loan information
Individuals applying for mortgage loans need to provide the following information: borrower's ID card, running water in the past six months, work certificate, credit report, house property certificate, etc. If an enterprise needs to mortgage real estate, the materials it needs to provide include business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and asset certificates.
3. House evaluation
After all the above materials are submitted, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property.
Step 4 apply for a loan
The housing appraisal company submits the appraisal report or appraisal opinion to the bank for approval.
5. Sign a loan contract
The borrower and the lending institution shall sign and seal the loan contract and all relevant documents, which shall be notarized by a notary.
6. Mortgage registration procedures
The bank shall go through the mortgage registration formalities at the real estate office with the house ownership certificate and notarized loan contract.
7. Bank loans
Due to the different regulations of banks, loans will be made to the accounts of cooperative merchants in the form of cash, punch card or remittance.
2. What should I pay attention to when handling mortgage loans?
1, pay attention to housing property rights
Not all houses can apply for mortgage loans. First of all, we must find out whether there is any problem with housing property rights. Banks strictly require that houses applying for mortgage loans must meet the conditions stipulated by the state for trading in the real estate market. For example, there is no property right certificate for small property houses. Banks don't support mortgage loans for small property houses. For friends who want to buy small property houses, they need to pay the house price in full, so the pressure of buying a house is not small.
2. Pay attention to bank loan requirements.
Banks also have requirements for lenders. In order to ensure that the money they lent can be recovered in time, the bank will focus on the repayment ability of the lender. General banks require lenders to have stable economic income, good credit, repayment ability and no record of illegal acts and overdue repayment. For example, some lenders have poor personal credit, and the existence of overdue repayment records will affect the handling of mortgage loans.
3. Pay attention to the repayment method
There are two main repayment methods for bank mortgage loans, namely, average capital repayment method and matching principal and interest repayment method. The advantage of matching principal and interest repayment method is that the borrower can accurately grasp the monthly repayment amount, which is convenient for him to arrange his monthly income and expenditure reasonably. Average capital's repayment method is more suitable for lenders with strong repayment ability in the initial repayment period, because the repayment method in average capital has greater repayment pressure in the initial repayment period.