2. Evaluation stage. The bank in Huaibei contacted the real estate appraisal agency to inspect the house and make an appraisal, and then brought the appraisal report back to the bank.
3. Audit stage. Banks in Huaibei examine the qualifications of loan applicants according to the evaluation report and other materials.
4. The buyer pays the down payment. After the approval, the buyer pays the down payment to the seller and signs the contract. Then go to the real estate exchange with the bank to handle the transfer formalities of house property rights.
5. Apply for mortgage registration. Property buyers need to apply for mortgage registration and insurance after receiving the real estate license.
6. Issue loans. After completing the loan issuance procedures, the bank in Huaibei will deposit the house payment into the seller's account, and the money will be directly transferred to the seller's account.
7. Repay the loan. The buyer repays the loan on schedule according to the contract.