And attach the materials that need to be prepared when applying for a loan.

1.？ Loan prequalification:

1)? Names of Buyer and Partner Buyer

2)? Current address

3)? Family annual income certificate

4)? Monthly household debt expenditure

It is mainly used to measure the proportion of household debt income and predict the type and amount of loans. After the measurement, the lending institution will issue a loan prequalification letter, which can be handed over to the real estate agent to start the subsequent purchase steps.

2.？ Fill in the loan application: (the following information is required, and different lending institutions may need other information)

1)? Residential history

Housing address in the past two years

2)? Name and address of the owner in the past two years

3)? personal property

? Bank account information, including all recent savings accounts and current accounts.

? Other asset information, such as securities information such as stocks and funds that intend to pay down payment in the near future.

4)? Existing real estate information

Including address, current market price of real estate, name and address of real estate lending institution, loan account number, remaining loan amount, monthly repayment amount, etc.

5)? Work and income history

Cheques or receipts must be issued within the past 30 days and can show the income so far this year.

W-2 or I-9 tax returns issued by the employer for the past two years.

6)? Personal liabilities

Any other monthly debt information (including car loan, student loan, credit card debt, etc.). ) If it is not included in the bank credit report, the name, address, account number, minimum monthly repayment amount and outstanding amount of each account shall be displayed.

Of course, you should know that it costs some money to apply for a loan. Here is a list for you:

Generally speaking, the monthly housing-related expenses (including principal, interest, insurance and taxes) of the owners should not exceed 28% of their income. However, credit history, down payment, working status and housing history will all affect the loan amount. Under different circumstances, the loan amount may exceed 28% of the income, but the general lending institutions will control the loan amount to about one-third of the income.

When buying a property, there are many other expenses to consider besides the loan for the house price:

1.？ Prior expenditure:

Down payment for real estate: If you are investing in real estate (such as renting a house), you need to pay at least 20% of the house price down.

2.？ Deposit/integrity deposit: If the property you want to buy has more than one buyer, you need to pay a deposit, which will affect the seller's decision to sell.

3.？ Property mortgage application fee and payment fee: generally about 5% of the loan amount, but it varies according to different states, properties and loan companies, including loan initiation fee and discount point, which is equal to 1% of the loan amount. Used to deduct part of the interest rate to reduce the monthly repayment amount), escrow deposit (escrow deposit, generally 3% of the house price), inspection and investigation fee, appraisal fee, credit report fee, approval fee (writing fee), handling fee, tax service fee (tax service fee), document preparation fee, etc.

4.？ Ongoing expenditure:

? House/property tax

? family insurance

? repair