Many young couples don't have much savings when they get married, which is far from enough to buy a house. When they have some savings, they can buy a house with a loan. What materials do they need to prepare for a house with a loan? What is the difference and connection between main loan and sub-prime loan?
1. Prepare the materials needed to buy a house with a joint loan
ID card (the second-generation ID card needs both sides), household register, income certificate (provided by the bank and sealed by the work unit), house purchase contract, marriage certificate and down payment receipt. Among them, the copies of ID card, household register, marriage certificate and down payment receipt are generally in triplicate.
2. Both parties shall be present when handling the formalities
If the contract is signed by both husband and wife, both parties shall be present in person when signing the contract. If one party cannot be present to go through the formalities, the notarization authorization and entrustment formalities must be handled.
3. When applying for a mortgage, both parties need to be present in person
When applying for a house loan, sometimes they will jointly apply in the name of husband and wife. Therefore, the bank needs to examine the qualifications of the two at the same time, and they must also sign when going through relevant procedures.
4. In principle, both husband and wife are required to be present when handling the transfer procedures
According to the property law, whether the house property jointly purchased by husband and wife is jointly owned or jointly owned by shares needs to be reflected in the sales contract and then stated on the house property certificate. Therefore, both parties need to be present and sign for confirmation. However, if you cannot be present, you must also go through the notarization and collection entrustment procedures and explain the relevant matters.
5. Pay attention to the main loan and sub-prime loan
Even if the couple buy a house with a joint loan, only one of them can become the main lender. During face-to-face signing, the bank loan officer will ask which of the husband and wife is set as the 'lender' and which is set as the 'co lender' to participate in the repayment. The bank will select the main lender and sub lender according to the actual situation, which is generally analyzed from the aspects of income, credit investigation and age.
Generally, the income of the main lender is higher and more stable. The bank will evaluate the repayment ability of the applicant through the income certificate or bank flow. Therefore, when signing face-to-face, it is easier for the bank to approve the loan by taking the party with high and stable income as the main lender.
The bank will check the personal credit of both husband and wife before lending. The bank will take the party with good credit investigation as the main lender, because when the husband and wife buy a house with joint loan, as long as there is a problem with one party's credit investigation, it will affect the mortgage approval. In particular, if there is a problem with the credit investigation record of the main lender, the bank will not accept the loan application. If the credit investigation of the main lender is good and the 'co lender' has some credit investigation problems, but they have been solved later, this will not affect the bank's lending.
In addition, when the income and credit investigation are almost the same, the main lender should choose the younger party. The younger the main lender is, the longer the loan term will be obtained.
6. The share shall be determined in advance
Generally, when couples buy a house with joint loans, the share of property should be determined in advance to avoid contradictions in the future. In the process of joint loan purchase, even if the name of the other party does not appear on the real estate certificate, it does not affect its ownership of the house. However, at present, few couples will implement the AA system, so they need to consider the property share in advance when buying a house with a joint loan.
Xiaobian reminds buyers that when couples buy a house with a joint loan, they have the obligation to repay the housing loan, whether one party is the 'main lender' or whether they jointly apply for a housing loan. Only when the real estate is judged by the party after divorce can he put forward the request to change the housing lender and relieve himself of his obligation to repay the loan.