Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
The detailed steps of the housing loan process are 1. The borrower fills in the Application Form for Residential House Mortgage and submits the following supporting materials to the bank. 2. The bank examines the borrower's loan application, purchase contract, agreement and related materials.
How to return the mortgage reasonably;
The first type: fixed interest rate repayment.
The biggest advantage of fixed-rate mortgage is that the interest rate does not change with prices or other factors, but the fixed interest rate is often higher than the benchmark interest rate by a certain percentage point, because this is the risk of interest rate increase locked by the borrower in advance.
The second type: equal principal repayment.
With the repayment method of average capital, when the borrower starts to repay the loan, the monthly burden will be greater. However, as the repayment time goes on, the repayment burden will be gradually reduced, and the final total interest expenditure will be lower.
The third type: equal repayment of principal and interest.
Repay the mortgage by matching the principal and interest, and the borrower's monthly payment will remain unchanged. It is convenient for borrowers to arrange income and expenditure because they bear the same amount every month.
The fourth type: free repayment of provident fund.
Free repayment is a unique repayment method for provident fund loans. Compared with the traditional repayment of equal principal and interest or equal principal, the free repayment of provident fund is more flexible.