Nowadays, people who are facing financial difficulties in their lives will choose the form of a mortgage to solve this problem. It has a high amount, low interest rate, and long repayment cycle, and the later repayment has less impact on the business. So, how to apply and what are the conditions for applying?
Some frequently asked questions about Changsha property mortgages:
1. The age of the mortgaged real estate in Changsha needs to be within 25 years, and a small number can reach 30 years, and there are fewer products that can be accessed for houses over 30 years old; The size of the house varies from bank to bank; The house should have a strong ability to liquidate; Generally, commercial housing, apartments, shops, office buildings, etc. are required.
2. The borrower is 18-65 years old, has good credit, has a good source of repayment (work/business income), and has no negative information.
3. At present, most of the mortgage loans in Changsha are within 10 years, and the monthly payment can be apportioned according to 20/30 years, and the actual repayment period is still 10 years, and the business mortgage is more than 3-5 years.
4. The loan amount of Changsha residential property is generally 70% of the appraised value of the house; For those with too high debt or weak repayment ability, the ratio will be reduced, and a small part can add a credit loan on the basis of 7 percent, up to 8.5 percent. In addition, each bank has different appraisal companies, and some have a higher appraisal value, and the quota is naturally higher.
5. The implementation standards of interest rates of various lending institutions are inconsistent, with the interest rate of consumer mortgages ranging from 5.2% to 7%, and the interest rates of business mortgages to 3.7-5%.
6. Purpose of loan: Operation-oriented mortgage loan is mainly to meet daily operations, and consumption-oriented loans can be used for daily consumption, education, tourism, decoration, etc. It is not allowed to use loans to maintain loans, invest in real estate, investment, or other purposes prohibited by the state.
What information do you need for a mortgage loan in Changsha:
1. Real estate property rights (real estate certificate, land certificate; Purchase Contract)
2. ID card of the right holder and spouse
3. The household registration book of the right holder and his or her spouse
4. Proof of income (this proof has a greater impact on the success of the mortgage bank loan and the maximum amount.) ）
5. Marriage materials (marriage certificate for married; Divorce certificate and divorce agreement in case of divorce)
6. Proof of use of funds
7. In order to improve the approval rate of the house mortgage loan, please provide as many other property certificates as possible (such as another real estate certificate, fund, cash passbook, vehicle driving license, etc.)
8. Business materials are also required for business management
Changsha housing mortgage loan process:
1. Prepare the materials
2. Submit an application
3. Verify the business situation
4. Door-to-door appraisal of real estate
5. Approval results
6. Mortgage registration of the Housing Authority
7. Notarization
8. Loans
For operating mortgage loans, verifying the site is a necessary step, and the bank will verify the business entity, business status, business premises, and some banks need to verify the business flow.
