There are four main channels for mortgage loans:
I. Banks
At present, most commercial banks can apply for mortgage loans, but the premise is that the house must meet the mortgage conditions, and the mortgaged property cannot be used for mortgage loans, which needs attention.
Second, the loan company
Although banks can handle housing mortgage loans, not everyone can get what they want. If the repayment ability is not strong or the credit is tainted, even if there is real estate as collateral, it is likely to be rejected by the bank. At this time, you can consider the loan company.
3. Pawnshop
In addition to loan companies, pawn shops have also launched mortgage loans. The loan conditions are looser than those of the loan company, and there are almost no requirements for the borrower's income, work and credit. As long as the property provided by the borrower meets the requirements and the procedures are complete, you can get the loan money.
Four. bonding company
In addition to the above three ways, the guarantee company is also possible, but the borrower needs to pay a certain guarantee fee and apply for a loan through the guarantee company.
I believe many friends don't know which bank or institution to choose when they borrow money. Which one should they choose when making mortgage loans? First distinguish between mortgage banks and non-bank institutions, so that you can make a choice. The difference between mortgage banks and non-bank institutions;
First, the application threshold.
Bank mortgage loans not only consider whether the mortgaged house is liquid, but also have strict requirements on personal qualifications, and only when the funds are safely recovered will they be approved. Therefore, it is difficult for users who have no stable jobs or have a bad reputation to get a bank loan pass.
On the contrary, non-bank financial institutions, as a supplement to banks, make up for the lack of banking services. As long as the mortgage house provided by the bank can be listed and traded, the approval is easy to pass. Based on this, many people who have no stable jobs or personal credit concerns are eager to try when they meet non-bank institutions, just like seeing a savior.
Two. Loan speed
The approval process of non-bank financial institutions is very fast, and it is quite normal to lend money within 3 days after approval. Banks, on the other hand, are rigorous in tone and meticulous in style, and lending within 15-20 working days is their main theme. Therefore, users who are in urgent need of money naturally look to non-bank financial institutions.
Three. amount of loan
In terms of loan amount, the two types of institutions can be described as equal, and the maximum loan amount is 70% of the appraised value of the mortgaged house.
Four. Loan expenses
In the lending market where risks and benefits complement each other, relaxing the application conditions will inevitably mean taking some bad debt risks. In order to balance risks and benefits, high fees naturally become an understandable measure for non-bank financial institutions. On the contrary, in the case of strong risk control, banks naturally dare to throw out lower loan interest rates to attract users.
What should I pay attention to when looking for an intermediary with a house as a mortgage?
Using a house as a mortgage loan to find an intermediary should pay attention to the following points:
First, it should be clear that the time is the time for lending, not the time for approving loans. The time for approving loans and lending may be much worse.
Second, the cost of mortgage consumer loans is between 1.5 and 2 points. Including agency fees and third-party cash withdrawal fees. These must be written in the contract in advance.
Third, if the loan has been issued, the handling fee is required to be repaid in installments or the loan is issued at one time. This behavior is not the behavior of a liar. At present, many small loan companies in China will charge a certain fee and ask for later repayment.
Fourth, if the loan has not been issued yet and it is required to be repaid in advance, it must be a liar. Formal lending institutions will certainly not require borrowers to pay any fees before the loan is issued.
Extended data:
Requirements for mortgage loans:
I. Housing requirements
1. The property right of the house shall be clear, meet the listing and trading conditions stipulated by the state, and can be traded in the real estate market without other mortgage;
2. The age of the house (calculated from the date of completion of the house) and the loan period cannot exceed 40 years;
3. Mortgaged houses are not included in the local urban reconstruction plan, and there must be real estate licenses and land certificates issued by real estate departments and land management departments.
Two. Requirements of the lender
China citizens who have a fixed residence in China, a fixed residence in a local town (or a valid certificate), have full capacity for civil conduct and meet the following conditions may apply for individual comprehensive consumption loans.
1, has a proper occupation and a stable income source, and has the ability to repay the loan principal and interest on schedule;
2. No illegal acts and bad credit records;
3. Being able to provide effective rights pledge guarantee recognized by the bank or legal and effective real estate as mortgage guarantee or a third-party guarantee with compensatory ability;
4. Open a personal settlement account of China Industrial and Commercial Bank, and agree that the bank will deduct the loan principal and interest from its designated personal settlement account;
5. Other conditions stipulated by the bank.