how long does it usually take for a mortgage to buy a house? What are the conditions for applying for a mortgage? Let's take a look at it.
2、 The basic process of mortgage loan is as follows:
1. On the spot house inspection: the loan officer, the intermediary, the appraiser, the buyer and the seller go to the house site where the mortgage loan is applied for to investigate the house site;
2. Property right verification: the property owner and the co owner (the seller) shall take the original ID card and the original real estate card to the housing authority to check the original ID card and the original real estate card for verification and go through relevant procedures;
3. Signing the contract: the bank shall carefully check and verify the original of the customer's information, identify the authenticity of all the signatories, supervise the signature of the customer, collect the original of the real estate certificate and the deposit (the specific amount shall be determined by the buyer and the seller), copy the information, and remind both parties to handle the account in the bank;
4. Fill in the contract: the bank arranges the data and fills in the contract according to the relevant data provided by the customer;
5. Payment obligation: the bank shall notify the customer to pay the fee after the pre-trial approval of the fee collection;
6. Transfer of property rights: the buyer and the seller handle the transfer of property rights with the help of the housing authority; the lender prepares relevant materials to go through the mortgage procedures in the bank;
7. Bank lending.
3、 Conditions for applying for housing loan:
1. Chinese citizens with permanent residence, permanent account or valid residence certificate, under 65 years of age and full capacity for civil conduct in the place where the loan bank is located; 2. With proper occupation and stable income, the ability to repay the loan principal and interest on schedule; good credit record and willingness to repay, no bad credit record;
3. It can provide legal, effective and reliable guarantee recognized by the bank; it has clear loan purpose, and the loan purpose complies with relevant regulations;
4. Open a personal settlement account with the bank;
5. Other conditions stipulated by the bank.
4、 Materials to be prepared for the loan business of the buyer:
1. Provident fund loan:
(1) Identity certificate and marriage relationship certificate of lender, spouse and joint borrower;
(2) Borrower (husband and wife) bank card;
(3) Purchase contract or agreement.
2. Commercial loans:
(1) Proof of professional income of the borrower and the joint borrower;
(2) Purchase contract or agreement.
Loan process:
(1) Apply. The client applies to the bank in writing and submits relevant information.
(2) Sign the contract. After receiving the notice of approval of the loan from the bank, the loan applicant shall sign the loan contract and guarantee contract with the loan bank, and handle the notarization, mortgage registration, insurance and other relevant procedures as the case may be.
(3) Open an account. Customers who choose the method of entrusted deduction for repayment shall sign an agreement of entrusted deduction with the bank, and open a special savings passbook account or savings card and credit card account for repayment at the business outlet designated by the loan bank. At the same time, the Seller shall open a settlement account or a special deposit account with the loan bank.
(4) Disbursement of loans. After the relevant procedures have been completed for the loan granted with the consent of the loan bank, the loan bank shall, in accordance with the loan contract, transfer the loan directly into the deposit account opened by the borrower in the loan bank, or transfer the loan to the deposit account opened by the seller in the loan bank in one or several times.
(5) Repayment on schedule. The borrower shall repay the principal and interest of the loan in accordance with the repayment plan and method stipulated in the loan contract. There are two alternative repayment methods: entrusted deduction and counter repayment.
(6) Loan settlement includes early settlement and normal settlement. Early settlement refers to the settlement of loans before the maturity date (one-time repayment of principal and interest) or the last period (installment loan); normal settlement refers to the settlement of loans on the maturity date (one-time repayment of principal and interest) or the last period (installment loan).
If the loan is settled in advance, the borrower shall apply to the loan bank for early settlement 10 working days in advance after paying off all payables. After the loan is settled, the borrower shall get the "loan settlement certificate" from the loan bank, retrieve the real estate ownership mortgage registration certificate and the original insurance policy, and go through the mortgage registration cancellation formalities at the original mortgage registration department with the "loan settlement certificate" issued by the loan bank.