Therefore, if the house is more than 20 years old, you can borrow as long as the loan period is less than 25 years.
The loan plan is as follows:
1. Buyers need to provide some materials, including permanent residence or valid residence status in local towns, proof of marital status, stable occupation and income, ability to repay loan principal and interest, house sales contract and seller's account number, evaluation report on purchasing self-occupied housing and second-hand housing in local districts and counties, purchase contract or relevant supporting documents, etc.
2. After confirming that the property you choose is supported by bank mortgage, the buyer should know about the bank's regulations on mortgage loan support for the buyer from the bank or the law firm designated by the bank, prepare relevant legal documents and fill in the mortgage loan application form.
Three, the bank received the legal documents related to the mortgage application submitted by the buyers, and after the examination confirmed that the buyers met the mortgage loan conditions, it issued a loan agreement notice or a mortgage loan commitment letter to the buyers. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
4. After signing the purchase contract and obtaining the proof of payment, the purchaser signs the mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and defines the rights and obligations such as loan amount, term, interest rate and repayment method. Property buyers, developers and banks hold mortgage loan contracts and purchase contracts to the real estate management department for mortgage registration and filing procedures.
5. After signing the house mortgage loan contract, the purchaser opens a special repayment account in the financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the loan principal and interest and arrears of the bank and mortgage loan contract from this account.
Extended data:
Term of the loan: generally within 20 years, and the maturity date of the loan cannot exceed the borrower's 65 years of age in principle. 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.
Loan amount: the loan amount is not higher than a certain proportion of the actual transaction price of the real estate and the bank's approved evaluation price. The specific proportion is determined by the local bank branch according to the national housing credit policy and the credit status of the loan applicant.
Loan interest rate: floating in proportion on the basis of the commercial loan interest rate of the same grade in the same period announced by the People's Bank of China. The specific floating ratio is determined by the local bank branch according to the national housing credit policy and the credit status of the loan applicant.
References:
Baidu encyclopedia-personal housing mortgage loan