With the development of society, the property market has become a choice. Whether it is for investment or living, many people will choose to buy a house. For ordinary people, it is difficult to buy a house with one-time payment, so many people will choose to buy a house by installment. What are the processes of installment purchase?
What are the functions of housing installment payment
Relatively speaking, installment payment is more favorable for buyers, especially for those who basically focus on the pre-sale of future houses. Buyers can pay the house price to developers in several times according to the progress of the project image, and then pay the balance payment until their product houses pass the inspection, which is more fair to both sides of the sales. Adopting this payment method, it is advocated that buyers should also master the following points:
1. Installment payment is advocated to be selected when purchasing future houses. When the buyer gives the down payment, he signs a formal house sales contract with the developer. When the house is handed over to the user, he shall pay all the house payment and deal with the transfer of property rights.
2. The status of installment payment for the purchase of existing houses. It is advocated that the delivery of the house is not carried out together with the payment of the house price. The delivery of the house is in front and the cash payment is after.
Compared with one-time payment, due to the high interest rate, the sum of house payment will be higher than that of one-time payment. However, it should be noted that if we summarize and compare inflation and personal income growth rate and payment level, installment payment is still more cost-effective for home buyers.
The payment method of installment is generally agreed in the contract between the two sides of the sales. According to the progress of project development, the house payment will be paid in stages. When the house is handed over to the use, only a small part of the balance will be paid later. The advantage of this is that the buyer may use the house money to urge and restrict the developer to develop the construction project according to the agreed time limit, and the buyer can also alleviate the pressure of one-time payment.
Purchase installment process
1. Consult about common sense in dealing with loans.
2. Make a loan request for house purchase.
3. Provide the corresponding information required for lending.
4. The bank reviewed and agreed.
5. Sign loan contracts and real estate loan contracts with banks.
6. Go to the notary office to handle the notarization formalities.
7. Go to the local real estate registry to handle the registration formalities.
8. Deal with house property right loan registration.
Information required by the installment requester
1, the borrower and his wife's identity card, household register, if the couple are not in the same registered residence, the supply of marriage documents is required.
2. House purchase contract with legal effect, advance payment receipt (more than 30% of the total house payment) and copies of both.
3. The income certificate issued by the employer or other certificates recognized by the bank with repayment level.
4. Personal real estate loan request, real estate loan contract, and ensure equality.
5. For the real estate loan request form and real estate loan contract, it is necessary for the house selling unit as the guarantor to seal and sign.
6. Evidence of banking rules.