Because it takes a certain period of time from the issuance of loans to the transfer of real estate, there are certain risks during this period, so a guarantee company is needed, which is generally charged at 1 minute of the loan amount.
When an individual or enterprise borrows money from a bank, in order to reduce the risk, the bank does not lend money directly to the individual, but requires the borrower to find a third party (guarantee company) to provide credit guarantee for it. According to the requirements of the bank, the guarantee company will require the borrower to issue relevant qualification certificates for review, and then submit the audited materials to the bank, which will lend money after review, and the guarantee company will charge corresponding service fees.
The guarantee company is a third-party guarantor invited by the bank to reduce the risk of your non-repayment.
As far as I know, in Beijing, the guarantee company charges a corresponding proportion of fees according to the amount of your loan (called "point" in the industry). According to the difficulty of giving you a loan, it is generally 1-3 points (that is, 1-3 percent of your loan amount). For example, if you press 1 minute, you can borrow 1 ten thousand.
Loan (electronic IOU credit loan) is simply understood as borrowing money with interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
The "three principles" refer to safety, liquidity and efficiency, and are the fundamental principles of commercial banks' loan operation. Article 4 of People's Republic of China (PRC) Commercial Bank Law stipulates: "Commercial banks should operate independently, bear their own risks, be responsible for their own profits and losses, and be self-disciplined, and take safety, liquidity and efficiency as their operating principles." 1, loan security is the primary problem faced by commercial banks; 2. Liquidity refers to the ability to recover the loan within a predetermined period or realize it quickly without loss of land, so as to meet the needs of customers to withdraw deposits at any time; 3. Efficiency is the basis of sustainable operation of banks. For example, if a long-term loan is issued, the interest rate will be higher than that of a short-term loan, and the benefit will be good. However, if the loan term is long, the risk will increase, the security will decrease and the liquidity will weaken. Therefore, the "three natures" should be harmonious, so that there can be no problem with the loan.
Repayment method: (1) equal principal and interest repayment method: equal repayment every month, and repayment of the sum of loan principal and interest. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same; (2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month; (3) Paying interest and principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis; (4) Repaying part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, and the general amount is an integer multiple of 1 1,000 or 1 1,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period. (5) Repay all the loans in advance: that is, the borrower. (6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.
What are the disadvantages of finding a guarantee company as collateral? These points must be clear.
Now in order to curb real estate speculation, mortgage approval is becoming more and more strict. Moreover, many people apply for mortgages, and in order to improve the success rate of loan approval, they will find a guarantee company to guarantee. So, is this good? What are the disadvantages? Let's have a look.
First, find a guarantee company to mortgage, ok?
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.
Second, what are the disadvantages of finding a guarantee company for mortgage loans?
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 loan is repaid by the guarantee company after loans overdue, 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 after approval, auction the lender's house to repay the loan.
In a word, looking for a guarantee company as collateral has advantages and disadvantages, depending on what you think.
The mortgage can't be approved. Can I find a guarantee company? How much does it cost to find a guarantee company?
Most ordinary people want to buy a house, and they can't get around the topic of mortgage. In recent years, although the country has introduced many mortgage policies to crack down on real estate speculators, house prices have never dropped. A friend consulted, and the mortgage could not be approved. Can I find a guarantee company? How much does it cost to find a guarantee company?
The mortgage can't be approved. Can I find a guarantee company?
In practice, when many lenders apply for mortgages in banks, they look for guarantee companies because of their poor personal credit information. At the initial stage, the bank did not recognize the loan from the guarantee company. However, with the development of the market, there are many formal guarantee companies on the market, and they have long-term cooperation with banks.
If the lender's application for mortgage in the bank is rejected, he can choose to find a loan from a guarantee company. With the implementation of the new mortgage policy, banks have increasingly strict requirements for the qualifications of lenders, and many users were rejected on 202 1. At this time, the guarantee company is a good choice, but the guarantee company will not guarantee everyone.
If the lender's mortgage is rejected because the bank has insufficient running water, the monthly income is less than twice the monthly payment, and the credit debt is too high, then the guarantee company will still be willing to guarantee the loan. If it is because the lender has a serious bad record of credit information, the guarantee company will not agree to provide guarantee for the lender in view of the risks.
How much does it cost to find a guarantee company?
Guarantee companies need to charge a certain fee when providing guarantees for lenders. In general, the lender needs to pay 3% of the loan amount to the guarantee company as the formalities fee.
The above is the related content of "Can you find a guarantee company if the mortgage cannot be approved?". I hope it will help everyone!
Why do you need a guarantee company to guarantee a house with a loan?
To ensure that the lender has the strength to repay the loan. When an individual or enterprise borrows money from a bank, in order to reduce the risk, the bank does not lend money directly to the individual, but requires the borrower to find a third party (guarantee company or qualified individual) to guarantee.
In general, no guarantee company is needed. Before the real estate license comes out, in order to protect their own rights and interests, after signing the purchase contract, the developer is responsible for the early guarantee (the developer needs to pay a certain percentage of deposit to prevent some owners from defaulting on the supply and affecting the quality of bank loans); Unless the developer's qualification is too poor, a guarantee company is needed.
Extended data:
Mortgage method
1. The full name of the personal housing entrusted loan is the personal housing guarantee entrusted loan, which refers to the personal housing loan entrusted by the housing fund management center to commercial banks by using the housing provident fund. Housing provident fund loan is a policy personal housing loan, on the one hand, the interest rate is low; On the other hand, it mainly provides such loans to low-and middle-income workers who pay the provident fund. However, because the interest difference between housing provident fund loans and commercial loans is above 1%, both investors and ordinary people who buy houses and live in their own homes are more inclined to choose housing provident fund loans to buy houses.
2. Personal housing self-operated loans are loans issued to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.
3. Personal housing portfolio loan refers to the loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.