1. Determine the loan amount. The real estate mortgage loan amount can generally reach 70% of the appraised value of the property. However, the borrower should determine the loan amount based on its own repayment ability to avoid being unable to repay the loan due to too much repayment pressure. , resulting in the inability to successfully get back the mortgaged property.
2. Clarify the purpose of the loan. Although the borrower can successfully obtain a loan by providing real estate as collateral, it also needs to provide a clear purpose of the loan. For example, a decoration contract is required for decoration, a business license is required for starting a business, etc. Otherwise, if there is The collateral is also not easily available for loans.
3. Choose the right lending institution. Different lending institutions have different loan requirements. Because of this, when borrowers are looking for lending institutions, it is best to compare several institutions and choose the institution that suits them best. Consult for loan application, which will not only save loan approval time, but also increase the chance of getting a loan.
4. Consider legal risks
The law stipulates that if the mortgaged house is occupied by the person subject to execution (i.e. the borrower) and his dependents and dependent family members, after the ruling is made to auction, sell off or pay off the debt, The person subject to execution shall be given a grace period of six months. The mortgaged house is the only house in the name of the borrower. If the person subject to execution is unable to solve the housing problem on his own during forced eviction, and if it is found to be true upon review by the People's Court, the applicant for execution may provide temporary housing for the person subject to execution and his dependent family members. I would like to remind everyone that the loan amount for a real estate mortgage loan is relatively high, so the borrower's repayment pressure is also relatively high. It is very important for the borrower to make a repayment plan in advance, so as to avoid overdue situations. .