You can only borrow it for one year, and one year is 12. As long as the lender can afford the monthly payment, the bank will generally not refuse. If the loan amount is large, there is still pressure to repay it within one year, and the lender still has to do what he can.

What are the requirements for applying for a mortgage?

1. The borrower must be a natural person who has reached the age of 18 and has full capacity for civil conduct and full capacity for civil liability, and has a legal and valid residence certificate;

2. Ask the borrower to pay the down payment;

3. The borrower must have a stable legal income and the ability to repay interest;

4. The borrower agrees to use the purchased house and its rights and interests as collateral;

5. The property right of the house purchased by the borrower is clear and meets the conditions stipulated by the government for entering the real estate market;

6. The house purchased by the borrower is not within the scope of the demolition announcement;

7. Other conditions required by the lending bank.

The process of handling mortgage loans

1. Sign the house sales contract. Of course, this is only an intentional contract. Don't transfer the ownership yet, and don't pay the down payment. The down payment depends on the terms you talked with your previous hand.

2. Submit a loan application to the bank. After accepting your application, the bank will ask you to provide supplementary information if the information is incomplete or insufficient. The general approval time will be about 2 weeks.

When the bank has approved your loan application instead of your loan, you should pay attention. You should ask the bank manager when you can arrange to release the loan after the mortgage is completed. After confirmation, you can handle the transfer and pay the down payment.

4. Sign loan contracts with banks, pay various fees, and handle mortgage and insurance. When signing a loan contract, you should read the terms clearly, because most bank managers do these loan contracts in batches, and mistakes and omissions are inevitable.

5. Go through mortgage and insurance procedures.

6. loans. Some banks need customers to go to the bank again to apply for loans. Remember to ask the bank for a loan contract and loan receipt that belongs to you after the loan is finished, and the second-hand house will also have insurance policies, evaluation books and so on. There are also two copies of the real estate license, remember to stamp the official seal of the bank, because some organs and departments need to do things.