Mortgaged property needs to bring ID cards of borrowers and borrowers, personal loan mortgage contract and real estate license to the Housing Authority to apply for mortgage.
Real estate mortgage means that the property owner takes the deed of house as the mortgage and obtains the loan to pay interest on schedule.
The property right of the house is still managed by the property owner himself, and the creditor only takes interest on schedule and has no right to manage the house. After the loan is paid off, the property owner will terminate the mortgage of the deed.
When the debtor fails to perform the debt, the creditor has the right to dispose of the mortgaged house according to law, and has the right to receive priority compensation for the proceeds from the disposal of the mortgaged house.
The party who provides the mortgaged house is called the mortgagor, and the original creditor who accepts the mortgaged house is called the mortgagor.
The mortgagor of a house must have full capacity for civil conduct, and a person without capacity for civil conduct or with limited capacity for civil conduct may not set up a house mortgage.
How to borrow a house mortgage loan
The mortgage loan process is as follows:
1. Submit the required documents:
(1) Property right certificate or house ownership certificate and land use right certificate;
(2) ID cards, household registration books and marriage certificates of both husband and wife of the borrower. Singles need to go to the local civil affairs bureau to issue a single certificate;
(3) proof of income, with official seal;
2. Housing evaluation, according to the location, floor, area and orientation of the mortgaged property. The average house can be loaned to 50-90% of the appraised price;
3. After signing the contract in person at the bank and evaluating the house, you still need to go through the formalities for examination and approval of real estate insurance and corresponding loans. If you agree to issue a loan contract and a mortgage contract, it shall be handled with the approval;
4, mortgage registration, the borrower with real estate license, loan contract to the district and county real estate bureau for mortgage registration, agency costs borne by the borrower;
5. After the loan and mortgage are registered, the bank can issue the loan to the borrower's personal savings account.
Legal basis: Article 397 of the Civil Code of People's Republic of China (PRC).
Where a building is mortgaged, the right to use the construction land occupied by the building shall be mortgaged together. Where the right to use construction land is mortgaged, the buildings on the land shall be mortgaged together.
If the mortgagor fails to jointly mortgage in accordance with the provisions of the preceding paragraph, the mortgaged property shall be regarded as joint mortgage.
Article 398
The right to use the construction land of township enterprises shall not be mortgaged separately. Where buildings such as factories of township enterprises are mortgaged, the right to use the construction land occupied by them shall be mortgaged together.
How to use the house as collateral?
Housing mortgage loan process:
1. Loan application: the purpose, amount, duration and time of the loan proposed by the borrower.
Two. Preparation of loan materials: The borrower and the mortgagor shall prepare all the documents and certificates required for applying for loans as required.
Iii. Housing evaluation: Relevant institutions conduct on-the-spot survey, evaluation (survey) and evaluation of mortgaged houses.
Four. Loan application: submit all loan application materials together with the evaluation report or opinion to the bank for approval.
V mortgage registration procedures.
Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on.
After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.
Mortgage is an important feature of loan contract. With collateral, the security of bank loans will be improved, but at the same time the cost of borrowers will also increase. Because of this, the interest that the borrower is willing to pay to the bank will be lower, and its income may not increase for the bank.
Mortgage is widely used to reduce the incentive problems related to lending (that is, to enable lenders to obtain specific assets in case of default), and it gives lenders the right to confiscate specific enterprise assets according to law. Collateral refers to the property that provides guarantee. Mortgage contract refers to a written agreement between the beneficiary creditor and the mortgagor to confirm their mortgage rights and obligations.
Mortgage can also be used for credit risk management in financial derivatives transactions, and the usual mortgage terms should stipulate the minimum amount that must be kept in a specific account. In fact, the margin requirements in the futures market are similar to mortgage loans, and derivatives traded over the counter usually use cash or securities with high liquidity and low risk as collateral.
What about the house mortgage?
When people inevitably encounter financial difficulties, it is sometimes inconvenient to borrow money from relatives and friends. Mortgaging real estate is a quick and effective way. But many people are doing mortgage loans for the first time, and they are not very clear about the operation process. Never mind, let's see what to do with the mortgage.
First, go to a regular bank to apply for a loan.
Bring the original real estate license, ID card and household registration book. If you are married, bring your spouse's ID card, real estate license, marriage certificate of both parties and income certificate (mainly depending on your repayment ability) and apply to the professional credit department of the bank with these documents.
Second, on-site assessment
After the application is approved, the bank staff will go to your real estate office to evaluate whether the loan amount can pass the audit standard.
Third, sign a contract.
If the contract is signed after passing the assessment, the contract shall be made in triplicate, one for the bank and one for both husband and wife. When signing the contract, both of them must be present at the same time. If one party cannot be present under special circumstances, a power of attorney with fingerprints of both parties shall be provided. When signing a contract, you should read every clause carefully to avoid unnecessary disputes in the future.
Fourth, wait for the loan.
After signing the contract, you must apply for a repayment passbook for future repayment. Then wait for the loan. The fastest is half a month to 20 days, and the slowest is more than a month, depending on the efficiency of local banks.
Verb (abbreviation for verb) repayment
Remember that repayment is a very, very important thing. Try to repay before the repayment deadline, and don't repay after the date, otherwise you will leave a bad repayment record. In case of a loan in the future, the bank is likely to reject your loan application, and if it exceeds the date, it will be penalized. So remember.
Summary: The process of housing mortgage loan may be different in each region. You can go to the local bank for consultation. Finally, once again remind everyone that we must remember to repay on time to avoid unnecessary trouble.
How to mortgage a loan with a house
1. You need to prepare relevant procedures: loan application, user ID card, household registration book, income certificate, marital status certificate and other materials. Users of mortgage loans need to issue property rights certificates of collateral, and some users need to provide good credit records.
2. Pre-lending bank approval: to approve the bank loan application and related materials submitted by users.
3. Other procedures: users also need to go to the relevant departments to register the mortgaged property.
4. Bank loan: After the approval, the bank will inform the user of the loan amount, loan term, loan interest rate and other related information, and the bank will sign a contract with the user to credit the loan to the user's account.
5. Repayment: The user shall repay the principal and interest every month according to the time agreed in the contract.
Information: Matters needing attention in applying for mortgage loan:
① Not repaying the loan in advance in the first year: according to the provident fund loan, part of the loan will be repaid after one year, and the loan amount exceeds the repayment period of 6 months.
Don't forget to cancel the mortgage after paying off the loan. After you pay off all the loan principal and interest, you can cancel the loan agreement certificate and collateral held by the bank at the property right location of the county real estate trading center.
(3) Don't lose the loan contract and IOUs. When applying for a mortgage loan, the loan contract and iou signed by the bank and you are important legal documents. As the loan term can be up to 30 years, as a borrower, it should be properly kept.
Have legal housing conditions, a stable income, the ability to repay the principal and interest of the loan, and no bad credit record; Have a valid purchase contract; If the newly purchased house is mortgaged, it has a legal and valid purchase contract, and the purchase period does not exceed 10 year, and the down payment for the purchase is not less than 30%; Has purchased and obtained a mortgage loan, and has repaid the original mortgage loan for more than one year. Finally, don't forget to check with the local bank: if you can't repay the debt before the end of the loan period, don't be too hard on yourself. ICBC customers can apply to ICBC for extending the loan term. If the bank verifies that the loan principal and interest are not in arrears, ICBC will accept your application for loan extension.
How to apply for mortgage loan?
The detailed process of housing mortgage loan is as follows: 1. The applicant provides information to the lending institution; 2. Investigate the applicant and estimate the value of the collateral; 3. The lending institution initially sets the loan amount; 4. Handling entrustment notarization and loan notarization; 5. The lending institution accepts the relevant documents of the applicant; 6. Go through the mortgage registration formalities, and the mortgage institution lends money. Mo Long is recommended as the mortgage loan, and the unsecured loan can be extended as soon as 1 day. Apartment stores can also apply, and they can be postponed for 2 hours at the earliest, without mortgage loans, which is worth choosing. Submit the required documents. House inspection and evaluation. Evaluate according to the location, floor, area and orientation of the collateral. After housing evaluation, it is necessary to go through the formalities of examination and approval of real estate insurance and corresponding loans, and issue loan contracts and mortgage contracts for those who agree to the examination and approval. Mortgage registration. The borrower holds the real estate license and loan contract to the district and county real estate bureau where the real estate is located for mortgage registration, and the agency expenses shall be borne by the borrower. After the mortgage registration, the bank can issue loans to the borrower's personal savings account.