Now many people will choose to buy a house with a loan, which can only be handled by some formal banks. Although there are many banks in China, the loan conditions of each bank are also different. Some banks will be more strict in loan requirements, and some banks will understand the situation of the borrower for treatment. So what are the conditions for Bank of communications to buy a house with a loan?
1、 Conditions of real estate mortgage loan of Bank of Communications
1. What needs to be emphasized here is the ownership of real estate. First of all, your property must not be a disputed property. Whether it is in your personal name, in common with others, or even in the name of others, you can apply for a mortgage. However, there is a premise that the bank's approval must be obtained with the supporting document signed by all the owners of the property to agree to the mortgage.
2. The mortgage loan for first-hand house generally requires that the age of the house shall not exceed 20 years, and the age of the house plus the loan period shall not exceed 40 years. The maximum loan period is divided into three situations: the maximum loan period for personal housing loan is 30 years, the maximum loan period for consumer real estate mortgage loan is 10 years, and the maximum loan period for business real estate mortgage loan is 5 years.
3. For second-hand housing mortgage loans, the requirements on housing age will be more stringent. In principle, second-hand housing with a housing age of less than 15 years can apply for mortgage loans. But in fact, the loan amount of second-hand houses that have been used for 15 years is not so high, and the term and interest rate are not so cost-effective.
2、 Bank of communications real estate mortgage loan process
1. The house mortgage loan needs to prepare complete materials, including the couple's ID card, household registration, marriage certificate, real estate certificate, house purchase contract or personal account bank statement for nearly half a year.
2. When the house is mortgaged, the bank reviews the borrower's loan application, house purchase contract, agreement and relevant materials. The borrower shall deliver the property right certificate, insurance policy or securities of the mortgaged property to the bank for custody. The guarantor of the borrower and the borrower shall sign the housing mortgage loan contract and notarize it.
3. After the contract is signed and notarized, the bank's deposits and loans to the borrower are transferred to the house selling unit or building unit specified in the house purchase contract or agreement.
4. Bank statement of identity card, household register, marriage certificate, house property certificate, house purchase contract or evidence and personal account of husband and wife for nearly half a year.
The above is the introduction to the conditions and procedures of real estate mortgage loan of Bank of communications. Real estate loan is very common. Most families are not financially well-off and will choose the way of mortgage loan to buy a house. When handling real estate mortgage loan, we need to understand that the loan amount is not necessarily as high as expected, and the most important thing is to clarify the property right of the house, Meet the listing and trading conditions stipulated by the state.