Banking industry insiders revealed to Shell Finance reporter that in actual business, all outlets are handled in combination with specific conditions such as customer qualifications.
The article of Yiju Research Institute pointed out that in the past, the age limit for mortgage loans in many cities was 70 years old. At present, Hangzhou and Nanning have mentioned the concept of 80 years old. Its popular understanding is that no matter what kind of mortgage buyers apply for, they need to pay off before the age of 80.
There is a basic logic and starting point for setting the age limit for loans, that is, natural persons are required to have full capacity for civil conduct, and the popular understanding is that property buyers will not default. In the field of mortgage, it mainly refers to adults between 18-70 years old, that is, to apply for personal mortgage loans, their age must be 18-70 years old. In practice, some cities will set it as 18-65 years old. This time, Nanning "extended the mortgage age to 80 years old", and the age of its buyers was also limited to 70 years old.
Yan Yuejin, research director of Yiju Real Estate Research Institute, said that objectively speaking, to a certain extent, such products can indeed belong to relay loans.
The so-called "relay loan" means that the borrower's relatives (parents, children and their spouses) can apply to the borrower or guarantor for a loan to buy a house under the condition that the borrower's loan period is limited or the repayment ability is limited, and the house purchased is owned by one party or all parties.
Yan Yuejin believes that "extending the mortgage period" is a policy tool in the field of mortgage. Its essence is to increase the loan period of some property buyers, thus increasing the loan amount and reducing the pressure of monthly supply. The most direct effect of "extending the mortgage age" is that middle-aged people aged 40-59 can borrow in full, especially for 30 years, which has a positive effect on releasing the just-needed and improved housing demand.
Be cautious when you are old and join the mortgage army.
Lawyer Wang Yuchen, director of Beijing Golden Litigation Law Firm, told Shell Finance reporter that from the perspective of bank loans, extending the repayment time can reduce the monthly repayment pressure, and at the same time, more elderly people can join the mortgage army. However, there are advantages and disadvantages in this way, so you should choose carefully as a buyer.
Wang Yuchen believes that, generally speaking, many people have basically lost their ability to work after the age of 60 and 70, and most of them rely on their children or social security to provide for their old age. At this time, the ability of the elderly to pay for funds is actually relatively poor. On the one hand, it may affect their quality of life in their later years and continue to work for banks with mortgage pressure. On the other hand, related risks may be transferred to children, increasing their financial pressure.
"It needs to be emphasized again that the starting point of policy relaxation in various places is to activate reasonable housing consumption demand and reduce the purchase cost of buyers. The red line that stays without speculation will not change. " Yan Yuejin pointed out that if this policy is understood from the commercial attribute, then the default rate is an important yardstick to evaluate the advantages and disadvantages of this kind of policy. If all localities participate in the policy innovation of "extending the mortgage life", the key is to measure whether this kind of mortgage has the possibility of default, or whether the mortgage has the possibility of full and timely recovery. The evaluation of such policy tools in various places should be analyzed from the perspectives of the scale of credit supply throughout the year, the qualification status of buyers applying for such loans, and the source of repayment. Formulate policies in an objective, rational and reasonable scale to ensure that policy formulation serves the newly needed and improved property buyers.