Can I apply for a mortgage loan with a guarantee under Beijing's name?
You can apply for a secured mortgage loan under the name of Beijing. Mortgage loan refers to a loan business conducted by mortgage. For example, housing mortgage loan is a personal housing loan business in which buyers use the purchased housing as collateral and the real estate enterprises that purchase the housing provide regular guarantee. Only when the loan conditions are met can the loan be made:
1, Beijing has legal status;
2. Beijing has a stable economic income, good credit and the ability to repay the principal and interest of loans;
3. There are legal and valid contracts and agreements for house purchase and overhaul in Beijing and other supporting documents required by the loan bank;
4. Beijing has self-raised funds of more than 20% of the total price of purchased (overhauled) houses, which are guaranteed to be used to pay the down payment of purchased (overhauled) houses;
5. Beijing has assets recognized by the loan bank for mortgage or pledge, or (and) legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors;
6. Other conditions stipulated by Beijing Loan Bank.
What is the mortgage guarantee process in Beijing?
1. In Beijing, after confirming that the property they choose has bank mortgage support, buyers should know about the bank's regulations on mortgage loan support for buyers from banks or law firms designated by banks, prepare relevant legal documents and fill out mortgage loan applications.
2. Bank of Beijing receives the legal documents related to the mortgage application submitted by the purchaser, and after examining and confirming that the purchaser meets the mortgage loan conditions, it issues a loan consent notice or a mortgage loan commitment letter to the purchaser. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
3. In Beijing, after signing the purchase contract and obtaining the payment voucher, the buyers sign the mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and stipulate the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
4. In Beijing, after signing the mortgage loan contract, the buyer opens a special repayment account in the financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the loan principal and interest and arrears related to the mortgage loan contract from this account.
5. Bank of Beijing confirms that the buyers meet the mortgage loan conditions and fulfill the obligations stipulated in the mortgage loan contract. After completing the relevant formalities, the loan will be transferred to the bank account opened by the developer in the bank at one time as the purchase price of the purchaser.