2. After confirming that the property you choose can get mortgage support from the bank, the buyers who apply for loans should learn about the bank's regulations on mortgage support for buyers from the bank or the law firm designated by the bank and prepare relevant legal documents. , and fill in the mortgage application.
3. After receiving the relevant legal documents of mortgage application submitted by the purchaser, the bank that signed the house purchase contract confirms that the purchaser meets the mortgage loan conditions after examination, and issues a loan consent notice or a mortgage loan commitment letter to the purchaser. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents. Housing loan eligibility
4. Signing a building mortgage contract After signing the house purchase contract and obtaining the payment voucher, the buyer signs a building mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, specifying the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan. Housing loan eligibility
5, mortgage registration, insurance buyers, developers and banks with the "housing mortgage loan contract" and the purchase contract to the real estate management department for mortgage registration. If the house is delivered in advance, the mortgage registration shall be changed after completion. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks. Property buyers should list the bank as the first beneficiary when purchasing insurance, and the insurance shall not be interrupted during the loan performance, and the insurance amount shall not be less than the total value of the collateral. The policy was handed over to the bank before the principal and interest of the loan were paid off. Housing loan eligibility
6. After the signing of the mortgage loan contract, the buyer opens a special repayment account in a financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the bank's loan principal and interest and the arrears related to the mortgage loan contract from this account. The bank is confirming that the buyers meet the mortgage loan conditions and fulfill the obligations stipulated in the building mortgage loan contract. After going through the relevant formalities, the loan will be transferred to the bank account opened by the developer in the bank at one time as a personal housing loan business guaranteed by the purchaser's installment purchase. Housing loan eligibility
Second, the loan to buy a house matters needing attention: loan to buy a house qualification
1. Don't use the provident fund before applying for a loan. If the borrower takes the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in your provident fund account will be zero, and your provident fund loan amount will be zero, which means you will not apply for a provident fund loan.
2. Don't repay the loan in advance in the first year. According to the relevant provisions of the provident fund loan, part of the prepayment should be made one year after the repayment, and the amount you return should exceed the repayment amount of six months. Housing loan eligibility
Don't forget to find the bank around you if you have difficulty in repaying the loan. Don't insist on it yourself when your solvency drops during the loan period and it is difficult to repay. ICBC customers can apply to ICBC for extending the loan term. According to our investigation, if there is no default in loan principal and interest, we will accept your application for extension. Housing loan eligibility
4. Don't forget to inform when renting a house after the loan. When renting a mortgaged house during the loan period, the lessee must be informed of the mortgage facts in writing. Housing loan eligibility
Don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the principal and interest of the loan, you can cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the mortgaged property at the district/county real estate trading office where the property is located.
6. Don't lose the loan contract and IOUs. To apply for a mortgage loan, the loan contract signed between the bank and you and the iou are all important legal documents. As the loan term can be as long as 30 years, as a borrower, you should take good care of your contracts and IOUs.
To sum up: if buyers want to buy a house through a bank mortgage loan, they must first check whether they have the qualifications for buying a house loan and whether the real estate developers they sell have the qualifications for loans!