the loan life is related to the age of the lender. Generally, the loan can last for 3 years at most, while the age limit of the loan is 18 years old and 65 years old. The combination of the two limits the loan life, that is, the lender's age plus the loan life cannot exceed the upper limit of the loan life at most. For example, if the lender is 4 years old and the maximum age limit is 65 years old, then the maximum loan period is 25 years.

What should you pay attention to when buying a house with a loan

1. You should do what you can when applying for a mortgage

Some people think that the bigger the loan, the better, but this is not the case! Because you have to pay back the mortgage, and you have to pay interest. If your loan term is longer and the loan amount is larger, the more interest you will pay, which will increase your repayment pressure.

2. Prepare loan information in advance

Copy of ID card, household registration book, copy of marriage certificate or single certificate, copy of education certificate, income certificate and bank account, copy of house purchase contract, down payment invoice, social security related certificates, etc. It is also very important that if there is a bad credit record in credit card repayment, you must apply for cancellation or issue relevant certificates.

3. Providing true information

If the mortgage buyer provides false information to the bank, it may have a serious impact: it will affect the bank's review, and it will not be able to issue loans and realize its dream of living; What's more, it may be because individuals provide false materials, which leads to the inability to apply for loans, which causes developers to require buyers to bear the liability for breach of contract for overdue delivery of mortgage materials and pre-sale contracts of commercial housing and pay a considerable amount of liquidated damages.

4. Be clear about the repayment method in advance

At present, there are two main repayment methods for buying a house with bank loans, namely, matching principal and interest and average capital. Although the interest rate in average capital is less, the monthly payment is high and the pressure is relatively high. The total interest of equal principal and interest will be higher, but the monthly repayment pressure is small. You can choose the appropriate repayment method by considering your own situation comprehensively.

5. Don't use the provident fund before applying for a loan

If the borrower withdraws the balance of the provident fund before the loan, the balance of the provident fund in his provident fund account will become zero, so the amount of the provident fund loan will become zero. In other words, you can't successfully apply for a provident fund loan at this time.