Hello, I bought a new house. At that time, the seller said that the building was a shanty town renovation project and that the five-year certificate could be issued more slowly. However, the house had

Hello, I bought a new house. At that time, the seller said that the building was a shanty town renovation project and that the five-year certificate could be issued more slowly. However, the house had already been capped by that time.

1. Developers need five certificates: state-owned land use rights certificate, construction land planning license, construction project planning license, construction project construction license, and commercial housing pre-sale license. 2. Bank mortgage. Bank mortgage is what you call installment payment. Simply put, it means that the home buyer applies for a loan from the bank and uses part of the purchase price to purchase consumer and investment housing. The other part is the down payment. The bank provides the loan and uses this amount as the down payment. The entire loan is deposited into the home seller's account, and then the home buyer repays the loan on a monthly basis. In the actual implementation process, there are two steps. The first step is that when you buy a house, the house has not yet been built, so you cannot obtain the house ownership certificate or mortgage the property. Therefore, the bank will let the developer act as a guarantor to approve your loan application. In the second step, when the real estate certificate is issued, the developer's guarantee responsibility ends, and the bank will use your real estate certificate to mortgage the real estate of the housing authority. In other words, your house is mortgaged to the bank until you have repaid all the principal and interest of the loan. Release of mortgage. The so-called mortgage house, to put it bluntly, is to use the house you want to buy as a mortgage loan. Otherwise, the bank will not be able to lend you a loan. If you buy a new house from a developer, the developer will generally provide you with a designated mortgage bank that you can contact. Depending on the situation you mentioned, the bank may ask you to find a guarantor to provide guarantee for your loan application. As long as you can afford the down payment, the bank will generally not reject your loan application. After all, it will still need to use the money you want to buy. The property is used as a mortgage. Even if you can't repay the loan in the future, he can still auction your property. You may also buy a second-hand new house. The so-called second-hand new house is, to put it bluntly, a newly built house. After the real estate speculator buys the house, he does not decorate it or live in it. He just waits for the appreciation in value, but it also becomes a second-hand house. In this case, it is generally You need to find a real estate agent to help you with the procedures, including loans, transfers, and other messy procedures. It is called a second-hand house. What you buy is a new house, and the procedures are not too complicated. 3. Real estate certificate. No matter which form you take, you will get a real estate certificate. If you need a loan to buy a house, the real estate certificate you get must be mortgaged. Go to the Housing Authority to register the mortgage, and the mortgagee will be the bank. 4. Proof of income is no problem. Reminder: 1. When buying a new house, be sure to check the developer’s five certificates. 2. When buying a second-hand house, you must go through a real estate agency and check the seller’s real estate certificate. 3. If you can borrow from provident funds, it is best not to borrow from commercial banks.