When applying for a loan to buy a house, some people heard that husband and wife can strive for a higher loan amount for a house with a joint loan, so they asked Xiaobian, is this true? In fact, it is true, but if you apply for a husband and wife joint loan to buy a house, there are many matters to pay attention to, such as the following.
1、 Benefits of husband and wife's joint loan to buy a house
1. Expand loan line
Now many banks in the approval of housing loans, often require that the monthly repayment amount should not exceed half of the lender's monthly income. For example, if Xiao Liu and his wife want to buy a house and apply for a housing loan, they need to repay 3500 yuan a month, while Xiao Liu's monthly income is about 6000 yuan, which can not meet the requirements of the bank. If Mrs. Liu came to the loan, the problem would be solved.
Although the monthly income of Mrs. Liu working in the school organization is not high, about 2500 yuan, the monthly income of the two lenders has reached 8500 yuan, more than twice the monthly loan repayment amount of 7000 yuan. Therefore, it meets the basic requirements for banks to issue loans.
2. Saving interest on provident fund loan
Under the current circumstances, the interest rate of provident fund loans is 3.25, while the benchmark interest rate of commercial loans is 4.9. In this way, even if commercial loans can be discounted, it will be more than 1 percentage point higher. However, if husband and wife jointly apply for housing loans, it shows that the proportion of provident fund loans that can be used has increased, so the interest that needs to be paid for housing loans will naturally be reduced.
2、 Precautions for husband and wife joint loan
1. Many links need to be attended by both parties in person
In the process of buying a house, many links will be involved, such as signing a sales contract and handling transfer procedures, which require both parties to be present at the same time. In addition, both parties need to be present in person to apply for a mortgage.
Because the application for housing loans is jointly applied for in the name of two people, the bank needs to review the qualifications of both people. In addition, both parties must sign when handling relevant procedures.
2. The necessary certificates of both parties are indispensable
Compared with one person's loan, husband and wife provide relatively more certificates to buy a house together, and none of them is indispensable. When making a loan, the bank must provide the income certificate and social security certificate of both parties. Of course, the following exceptions: if one of the husband and wife passes the qualification approval and has a high income, and repayment of the loan is not a problem, the income certificate of the other party may not be provided.
3. Pay attention to the main loan and sub-prime loan
One of the husband and wife is the main lender and the other is the joint lender. Generally speaking, the bank will judge the main lender according to the higher income of the husband and wife, and sign at the 'lender' in the bank's housing loan contract.
4. Determine the share of both parties in advance
In order to avoid unnecessary disputes in the future, it is suggested that when both parties buy a house together, their respective shares should be determined. According to the provisions of the marriage law, the property acquired by the husband and wife during the duration of the marriage relationship shall be jointly owned by the husband and wife, unless otherwise agreed by both parties.
5. Both parties' credit investigation shall be reviewed
When applying for a house loan, if the husband and wife make a joint loan, the bank will conduct credit investigation and review on both husband and wife. If one party has a bad credit investigation record, it will affect the two people's loan application. Therefore, you must protect your credit investigation records.