If the lender applies for a mortgage, but his qualification is not particularly good, the bank will ask him to find a guarantee company to provide joint and several guarantee responsibilities.
Guarantee companies are skilled in mortgage business and usually cooperate with many banks, so they will be familiar with the mortgage policies of various banks. They can tell lenders what kind of information is helpful for mortgage approval and help them package the information to improve the pass rate of mortgage approval.
What are the disadvantages of finding a guarantee company as collateral?
1. Finding a mortgage guarantee company needs to pay a certain fee, including house appraisal fee and guarantee fee. Moreover, finding a guarantee company may not be able to 100% approve the loan successfully. If the mortgage is refused, the assessment fee paid to the guarantee company will not be refunded.
2. The guarantee company will jointly guarantee the mortgage. Generally, the lender will mortgage the house to the guarantee company as a counter-guarantee measure. When the borrower fails to pay back the money, the guarantee company will repay the debt for him and remind the lender.
3. If the lender fails to repay the loan within the time limit, it will be recorded in the credit report. If the lender fails to make repeated reminders, the guarantee company may appeal to the borrower and auction the lender's house to repay the loan with the approval of the court.
What are the charging standards of mortgage guarantee companies?
1, you have to charge a guarantee fee of 1% ~ 3% of your loan amount, which has a lot to do with your own credit and repayment ability. If you have a high income and have cars, bank deposits, stocks, funds and other mortgaged properties or properties, then you can only promise 1% ~ 2%.
If you can find a third party (a powerful individual or enterprise) to counter-guarantee for you, you can only promise1%~ 2%; Other expenses, such as evaluation fees and file retrieval fees, are the expenses that the guarantee company needs to pay to investigate your credit information, and cannot be counted on your head. You just need to pay the mortgage fee and handling fee yourself.
The production fee is the money paid to the bank manager who signed the loan for you. I'm from Qingdao, and I don't know if there are any regional differences. We are 500 yuan in 300 yuan. The appraisal fee is paid to the appraisal company, and the general charging standard is five thousandths of your loan amount. We don't need any guarantee company to buy and sell second-hand houses here. I have sold many sets and have never heard of any guarantee company. In this case, you should first see if the agent has a business license, and then ask him to issue you a detailed invoice.