House mortgage is a common way of loan. There are many problems to be understood when handling mortgage loan. It's not that you directly lend money after mortgage, but that you have to wait for a period of time. Many people are more concerned about how long this period of time is. So how long does the house mortgage bank loan? How much is the mortgage interest rate of the bank?
How long does bank house mortgage loan extend?
1. Non bank financial institutions
The efficiency of non bank financial institutions in the industry is very efficient. It involves home mortgages. After the procedure is completed, it can be completed in about 2 working days. The reason for its rapid development lies not only in the flexibility of non bank financial institutions, but also in the examination of borrowers' personal qualifications and the adoption of shortcuts.
2. Bank
Stability and stability has always been the style of banks, and stable personality is the result. Not only should the borrower's personal qualification be examined, but also the mortgage payment process should be more stable. As a result, loans usually succeed in the first half of the month. Of course, if you use the assistance of the guarantee company to handle the fast process, the loan speed can be increased to 10 working days.
How much is the mortgage interest rate of the bank?
At present, the benchmark interest rates implemented by banks are as follows: the loan interest rate for less than one year (including one year) is 4.35%, the interest rate for one to five years (including five years) is 4.75%, and the interest rate for five years is 4.90% years or longer. In 2016, banks will also follow this benchmark rate. Down payment ratio of housing mortgage loan:
1. The down payment of the first commercial housing (70 year property right) loan is 20% (20%) of the total purchase price or assessed value (whichever is lower); the down payment of the commercial real estate (40 or 50 year product) loan is 50% (50%) of the total purchase price or assessed value, whichever is lower.
2. The down payment ratio of the second housing loan is 40% of the house purchase price or the evaluation value (whichever is lower). The family is composed of three people, I, my spouse and minor children. As long as there is a surname for the mortgage, the loan will be called two sets.
3. The bank will not accept the third set of house mortgage loan when purchasing the third set or above.
The above is a small introduction to the bank house mortgage loan how long? How much is the mortgage interest rate of the bank? Mortgage loan, the general bank after approval to get the loan, in the process of processing, we must prepare relevant materials, will be in the process of processing, save a lot of time, will also be more smooth.