Many people are ready to take commercial loans to buy a house, so how to apply for a house loan? What conditions are needed? How much is the down payment? Today, let's talk about the down payment!
How to make a down payment loan?
1. Financial institutions have launched a 'down payment policy' for young people who want to buy a house but the down payment is not enough. Policy loans are divided into two types: secured and unsecured. The secured down payment policy loan is designed for improved buyers: buyers want to sell their existing houses and buy a new one, but the time for selling their own houses and buying a new house to pay the down payment may not be exactly the same. There is a shortage of down payment funds in a short time, so they exchange the existing housing mortgage for the down payment of a new house.
2. Unsecured down payment policy loans now seem to be more popular: without collateral, they are all provided to buyers by 'stricter review' for down payment. However, now many cities have urgently stopped the 'down payment policy'. It is said that the financial sector, including the Central Bank of China and the China Banking Regulatory Commission, is paying close attention to the financing risks of the real estate industry in some regions and plans to launch measures to crack down on the issuance of loans as the down payment of housing loans.
How to get a loan from the bank to buy a house?
The procedures of commercial housing loans are mainly reflected in Article 6 of the measures for the administration of individual housing loans. Combined with the physical operation, there are mainly the following steps:
1. The loan buyer shall sign the house purchase contract with the developer and pay no less than 20% of the down payment;
2. Applicants qualified for mortgage loans apply to relevant financial institutions and provide true personal data. Here we remind you that when purchasing a future house, the financial institution is mainly the branch office or business department of each commercial bank, and the applicant does not have the possibility to choose a financial institution. Generally, he should apply to the financial institution with a specific business relationship with the seller;
3. The financial institution handling the loan shall examine and verify the loan conditions of the applicant and decide whether to accept the real estate mortgage loan;
4. If the borrower signs a mortgage loan contract with the lender, if the borrower chooses to repay by automatic transfer, it shall open a repayment account in the bank and apply for a savings card;
5. The lender accepts the entrustment of the borrower and transfers the mortgage loan out of the developer's account in accordance with its instructions.