What should you pay attention to when buying a house with a commercial loan? Conditions for buying a house with a commercial loan in Changsha

Nowadays, people who buy houses with loans account for the majority of home buyers. Loans to buy houses are divided into commercial loans and provident fund loans. So what are the restrictions on applying for a commercial loan to buy a house in Changsha? What should you pay attention to when applying for a bank loan to buy a house? Let’s take a look.

Restrictions on applying for a commercial loan to buy a house in Changsha

When applying for a commercial loan, the bank will have some restrictions on the borrower. Changsha Loan will talk to you about the restrictions and what we What should be paid attention to, the issues that borrowers should pay attention to regarding loan conditions:

1. Age limit. The age limit for this kind of loan in China is over 18 years old, the maximum age is 60 years old for men and 55 years old for women

2. Down payment ratio. Generally, the required down payment ratio is 30

3, and the monthly repayment pressure is high. Generally speaking, the income is more than 1.8 times the monthly payment, and the monthly repayment amount is about 30% of the family income, but it can change according to the consumption situation in the region and your own expenses.

4. Personal credit status. The loan amount also depends on whether the borrower's credit is overdue. If you meet the above conditions, there is no problem in applying for a loan.

What should I pay attention to when applying for a bank loan to buy a house?

Now that housing prices are so high, it is impossible for ordinary working-class people to buy a house in full depending on their personal ability. After choosing to pay the down payment, apply for a loan from the bank. So what should you pay attention to when using a bank loan to buy a house? Changsha Bank Loans will tell you

1. Before applying for a bank loan, do not use provident fund, because if the provident fund account If the limit is 0, the provident fund loan limit is also 0, so you cannot apply for a provident fund loan.

2. If you rent out a house after taking out a loan, you must inform the lessee.

3. When you have difficulty repaying a loan, you can choose a bank near you. Some banks can extend the loan period for customers with good credit records

4. After the loan is repaid, remember to cancel the mortgage. You can go to the real estate trading center in the district or county where the property is located to cancel the mortgage with the bank's loan settlement certificate and other certificates of real estate rights to the mortgaged property.

5. Keep the loan contract and IOU.

The above are the conditions and precautions for buying a house with a commercial loan in Changsha. I hope it will be helpful to you when buying a house.

(The above answer was published on 2015-11-02, please refer to the actual current relevant home purchase policies)

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