Basic conditions for commercial housing mortgage loan:
1, the borrower has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan;
2. The purchased house is located in a town (including urban area, county town and big market town), and in principle it is the borrower's current residence or place of work and business;
3. Has signed a commercial housing sales contract with the developer, and paid the down payment ratio stipulated by the bank according to the personal credit situation, with a minimum of more than 30%;
4. The loan amount is determined according to the borrower's credit status, occupation, education level, repayment ability and the liquidity of the purchased house.
5. Agree to apply for mortgage registration of pre-purchased commercial housing first, and promise to use the purchased housing as loan collateral, and re-apply for mortgage registration after the purchased housing is completed and the property right certificate is obtained;
Information to be provided:
1.3. Original and photocopy of the ID card and household registration book of the applicant and spouse (if the applicant and spouse are not registered in the same household, a marriage certificate shall be attached);
2. The commercial housing sales contract signed by the purchaser and the company;
3. 1 Original and photocopy of advance payment receipt for 30% or more of the house price;
4. Proof of income of the purchaser (provided by the bank and placed in the sales office);
5. If the borrower is a legal person, it shall carry a valid Business License for Enterprise as a Legal Person or Business License for Enterprise as a Legal Person, identity certificate of legal representative, financial statements and loan card. If it is a joint-stock enterprise, it is also necessary to provide the company's technical articles of association and the certificate that the board of directors agrees to mortgage;
6. The developer's collection account number is 1 copy.
Housing mortgage loan process:
Apply for a loan (buyer); Audit (providing information); Sign loan contracts and mortgage contracts (banks); Contract notarization (notary office); Related insurance (insurance company); Handle the mortgage registration of house property rights (real estate registration office); Issuing loans (receiving mortgage certificates); Repayment of the borrower; Go through the cancellation registration of mortgaged property (all loans are paid off).
Precautions:
1. Generally, the loan term is less than 30 years, and the maturity date of the loan cannot exceed the borrower's age (male) of 65 years old and (female) of 55 years old in principle;
2. The loan interest rate shall be subject to the provisions of the People's Bank of China. In case of legal interest rate adjustment, if the term is less than 1 year, the contract interest rate will be implemented and interest will not be calculated by installments; If the term exceeds 1 year, the new interest rate will be implemented at the beginning of the following year;
3. The main repayment methods of mortgage are divided into average capital and matching principal and interest, and buyers can choose freely. The principal is to repay the principal and interest every month, first more and then less; Repay the principal and interest on a monthly basis, with the monthly repayment amount unchanged (interest rate adjustment changes).
To sum up, foreign accounts can apply for mortgage loans in lingwu city. They need to meet the above conditions, prepare relevant materials and follow the procedures. For details, please consult the relevant local mortgage bank.