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How long does the mortgage process and procedures take? How long does the loan take

We often hear friends around us say that the loan procedures are too cumbersome. In fact, otherwise, we all know whether it is difficult or not, and what is not. So we need to know about the relevant loan and house purchase procedures in advance before handling the loan and house purchase, so that in the subsequent handling, it will become much easier. So, how long does the mortgage process and procedures take? How long does the loan take?

What are the procedures for buying a house with a loan?

1. In the choice of real estate should focus on understanding this aspect. When buyers know that some projects can be applied for mortgage loans in advertisements or through the introduction of sales personnel, they should further confirm whether the real estate developed and constructed by the developers is supported by the bank, so as to ensure the success of the mortgage loans.

2. After confirming that the real estate selected by the buyer is supported by the bank's mortgage, the buyer shall learn about the bank's provisions on the buyer's access to the mortgage loan from the bank or the law firm designated by the bank, prepare relevant legal documents, and fill in the mortgage loan application form.

After receiving the relevant legal documents of the mortgage application submitted by the buyer, the bank will issue the buyer a notice of approval of the loan or a letter of commitment for the mortgage loan after the buyer meets the conditions of the mortgage loan upon examination.

3. After the buyer signs the purchase contract and obtains the certificate of payment, he / she shall sign the "building mortgage loan contract" with the developer and the bank on the basis of relevant legal documents stipulated by the bank to clarify the mortgage loan amount, term, interest rate, repayment method and other rights and obligations.

4. As for the future house, the mortgage registration shall be changed after completion. According to the contract, a special repayment account shall be opened in a financial institution designated by the bank, and a letter of authorization shall be signed to authorize the institution to pay the loan principal, interest and debt related to the mortgage loan contract from the account.

5. The bank is confirming that the buyer meets the mortgage loan conditions and fulfills the obligations stipulated in the mortgage loan contract. After going through the relevant procedures, the loan will be transferred to the bank account opened by the developer in the bank as the purchase money of the buyer.

How long does the loan take?

Generally speaking, it takes about 10 days to get a loan through an intermediary, but it also takes nearly 3 weeks to get one, because there are too many loans near the buyer. After the approval, it will take nearly a month to make a loan after getting the real estate certificate. This is from CCB.

If a mortgage is required for the purchase of a new building and a pre-sale certificate has been applied for, the bank will immediately inquire the people's Bank of China about your credit record as long as it applies to the bank. If there is no problem, the bank will reply to the individual's loan application within 3 days, and require you to submit the relevant photocopy of the license, income certificate and other information as required, and sign the relevant loan contract and other bank documents at the same time And documents.

After receiving all the information, the bank will submit it for internal approval, and then go to the real estate management transaction to handle the mortgage registration procedures, which will take about 10-15 working days. After the transaction issues other warrants, the bank will lend within 3 working days, and then return the principal and interest through the designated account from the next month of lending, without any other procedures.

The above content is mainly about what procedures are needed for the loan to buy a house and how long the loan takes. Now we have learned that the procedures for loan and house purchase are relatively simple. The time of audit mainly depends on the time range after we have submitted the materials. Therefore, when we are doing the procedures, we can refer to the procedures in this article.