What is the mortgage?

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  • / Author: Aaron Lewis
Mortgage loans and mortgage
Under the "City real estate management law" and "guarantee law"MortgageAnd the Hongkong mortgage has certain difference, namely the two laws ofMortgageDefinition in order not to transfer possession condition.
Mortgage is a mortgage (the buyer)Installment paymentTo obtain the ownership of commercial housing purchased. It has two meanings: one is to buy a house

  Mortgage

Payment can be made within the prescribed time limit payment; two is in theInstallment paymentStage, the ownership of the house is "on", to wait until the full payment to "uncover" (take). In addition, the mortgage sales related to three party debt -- people (who buy a house mortgage), developers (real), the mortgagee (usually banks) the relationship between the three. The procedure is, by the mortgagor (buy a house to buy a house who signed with the developer)The contractIn advance, and part of the purchase; then by the mortgagor (buy a house party) by theThe contractAnd the mortgagee (bank) signed a mortgage contract, the bank paid to the developers, the rest of the purchase, and buy a house who regularly to the mortgage bank payment, until the required to pay the "mortgage", the mortgage process is complete.
MortgageLoans to buy a house who is (collateral) to the bank (The mortgagee) a way to borrow money. That buy a house with the purchase of real estate asCollateralSign a mortgage with the bankThe contractAs scheduled, return to the bank loan guarantee not to transfer ownership mode. The loan must payInterestBuy a house, they (MortgagePeople) according to the contract to the bank repaid loans, can recover collateral -- "all of housing" and the "land use permit". That is to say, buy a house in repaid loans, in fact is not true with the purchase of housing ownership. If a default does not returnLoan, banks can handle in accordance with law.
Mortgage is internationally popular real estate sales, and itMortgageAlthough the loans are different in nature, but in the "press housing ownership" to guarantee the debt (Installment paymentAnd the repayment schedule) to perform this same, identical.
MortgageLoan management approach
In order to better support the "three rural" development, building a new socialist countryside, increase the types of loans,Guaranteed loansSafety. To maintain the legitimate rights and interests of both lenders and borrowers, according to the relevant provisions of the state, the enactment of this approach.
Article 1,MortgageLoan is referred to the company a loan, a loan is willing to own or third person of property as a guarantee. A borrower can't repayThe principal and interest of the loanThe company has the right to handle theCollateralAs to repay the loan principal and interest and related costs.
Second, handleMortgageThe loan in accordance with the relevant provisions of the state, signing a mortgage based on equality, consultationThe contract.
Article third,CollateralScope: fixed assets in accordance with the law of value and use value (such as houses and other buildings, transportation, machinery and equipment); can be in circulation, transfer of goods or property.
To enjoy the state preferential policies for housingMortgageThe share of mortgages, is limited to the mortgagor may, disposal and the proceeds; enterprise legal persons that are operating period in the housing mortgage term shall not exceed the term of operation;
With the housing and land use fixed number of yearMortgage, mortgage period shall not exceed the transfer of land use rightsThe contractThe specified service life has been used less residual life years. As to housingMortgageShould the occupancy of the housing within the use right of state-owned land mortgage at the same time.
Article fourth,MortgagePeople should provide information;
1,MortgageAgreement written applications for mortgage and related documents;
2,MortgageProof of qualifications;
3, theCollateralOwnership (or punishment) proof;
4,CollateralThe basic situation;
5, other relevant information.
Fifth, the mortgage rate: according toCollateralPresent value is highest do not exceed 70%.
Article sixth,CollateralRegister with the relevant authorities according to law:
To housingCollateralTo the property management department for registration;
In order to transport vehiclesCollateralTo the Public Security Department of vehicles registered;
The machinery and equipment and other materialsCollateralTo the administrative department of industry and Commerce registration;
Does not belong to the registration department registrationCollateralProducts, to go through the procedures for notarization notary department.
AboveCollateralRegistered in the relevant departments at the same time, shall in principle asset assessment and certification procedures, facilitate rational legal mortgage.
Article seventh,CollateralStorage: mortgage in principle by the mortgagor kept properly and timely maintenance, keep intact and acceptance of the company to check at any time, all the costs borne by the borrower.CollateralIn the mortgage period, the mortgagor shall be taken,Rental, transfer orRe mortgage.
Article eighth,CollateralInsurance.
CollateralAs a loan guarantee, in principle require the borrower to apply for mortgage insurance,Insurance policyShould be marked on the loans for the firstBeneficiary, insurance costs borne by the mortgagor.
Ninth, the borrower under theThe contractRequire the returnThe principal and interest of the loanLater, forCollateralCancellation of registration, the mortgage contract termination.
Tenth, one of the following circumstances, the company has the right to handleCollateral:
1, the loanThe contractExpires, the borrower malicious evasion of debt;
2, the loanThe contractThe expiration of the time limit, the borrowers to repayThe principal and interest of the loanThe;
2, the borrower dead or missing, his legal heir refuses to repayThe principal and interest of the loanThe.
Article eleventh,CollateralProcessing proceeds, the first payment and then repay the loan principal and interest. If the proceeds, the company has the right of recourse, until all the recovery.
Collateral classification
Rule 180th: the property of the debtor or the third party has the right to dispose of itMortgage:
(a) the buildings and other attachments to the land;
(two) the right to the use of land for construction;
(three) acquired through bid invitation, auction, public consultation and the wastelandThe right to land contractual management;
(four) production equipment, raw materials, semi-finished products, products;
(five) is the construction of buildings, ships, aircraft;
(six) transportation;
(seven) the law, administrative rules and regulations did not prohibitMortgageOther property.
MortgageOne can be mentioned in the preceding paragraph, the property beMortgage.
You can setMortgageThe property belongs to the property, the property, the general mortgage guarantee way,PropertyLaw provides otherwise.
According to theCollateralThe scope, can be roughly divided into six categories:
(1) inventoryMortgage, also known as commercial mortgage, a master of industry and CommerceThe goods, including goods, raw materials, WIP and manufactured goods mortgage, apply for loans from banks. (2) the guest account mortgage, is your accounts receivable asGuaranteeObtainShort-term loan;
(3) securitiesMortgageIn a variety of securities, such as: stock,Bill of exchange,A promissory note,Deposit receipt,BondAs the mortgage, getShort-term loan;
(4) equipmentMortgageIn mechanical equipment, vehicles, ships, such as the guarantee to obtain bankTerm loan;
5.Not the chattel mortgageThat the borrower to provide, such as: land, housing and other real estate mortgage, loan;
6.Life insuranceSingle mortgage, refers to the mortgage in the insurance claim, its life insuranceThe contractTheSurrender valueTo limit, to insurance for mortgage, the insured loans.
The difference of housing mortgage loans and housing mortgage loans
1, the cost is different: the interest rate on mortgage loans, is also called commercial loans, housing loans to individuals. Mortgage loans to borrowers to certain collateral to obtain bank loans goods guarantee. Interest rate is the benchmark interest rate to implement the regulations of the people's Bank, did buy a house mortgage interest rates and discount, because of the tight credit policy, less, interest rates did not fall but rise rate. But mortgage mortgage floating floating below.
Subject 2, different legal relations: collateral relations, if the debtor or the mortgagor, only two main legal relationship that mortgages and mortgage. And the mortgage relationship, at least three main legal relationship, namely the mortgagor (bank), the mortgagor (buyer), third people (all of the original housing people).
3 pre conditions, different: borrowers to apply for housing mortgage loans to banks, is a collateral to obtain bank loans goods guarantee, mortgage loan can be used to purchase, can also be used for other purposes. And the mortgage loan is the property buyers to purchase housing as collateral and guarantees by the purchase of housing real estate enterprises, individual housing loan business can only be used to purchase.
Mortgage and non mortgage
One, from the loan nature, unsecured loans to credit loan, mortgage loan guaranteed loan (or security);
Two, the loan interest rate of speaking, no mortgage interest rates will be far higher than the interest rate on mortgage loans. The general interest rate mortgage 2-3 times.
Three, from the period of loans, unsecured loan period is short, generally not more than 3 years. Mortgage loan period can be long, short, can be a year, could grow to 20 years. Repayment pressure smaller.
Four, the loan amount is: no amount of mortgage loans are generally small, it is to judge according to the lender's wages, water, liabilities etc.. To determine the amount of loans.
Mortgage loan is mainly to determine the loan amount according to the value of the collateral, if the loan amount is relatively large, but also consider the repayment ability of borrowers.
Five, the issuance of loans from time speaking, no mortgage loan approval time is short, general 3-5 day can get a loan; mortgage loans from mortgage registration approval - - loan, need 2-3 weeks.
Mortgage and pledge
Mortgage and pledge the same point:
1, mortgage, pledge loans refer borrowers to certain items as guarantee to obtain bank loans. Both of them is one of the common forms of bank loan.
2, mortgage, pledge to guarantee. Security refers to the law to ensure that the specific creditor to realize creditor's rights, the debtor or the third party credit or specific property to the debtor to fulfill the debt system.
The difference between pledge and mortgage
(1) to provide security items are not the same. Collateral for mortgage is usually as immovable property (such as: land, housing), special property (cars, ships etc.); pledge to movable property (such as: mainly deposits, bonds).
(2) for pipe form is not the same. Mortgage is not transfer accounts for canal morphology of the mortgage, the mortgagor custody is responsible for collateral pledge of canal morphology; change the pledge, the pledge pledge was responsible for safekeeping. For example: I mortgaged my house property, but the property is still by my possession and custody. If I pledge certificates of deposit, the deposit by the creditors possession and custody.
(3) mortgage only simple security effectiveness, the pledgee can dominate the matter, and can manifest the lien potency.
(4) the right to dispose of different. If the debtor is unable to repay the debt, the creditor has no right of disposal of collateral, and collateral agreement or judgment by the court on appeal after the completion of the disposition of collateral; and to pledge material disposal without consultation or court, exceed the time stipulated in the contract creditors can dispose of.

Edit this paragraphClassification

Bank mortgage loans
1, commercial individual housing loans
Individual commercial housing loans, isBank creditCapital paymentSelf - Loan, refers to the natural person with full civil capacity, the purchase of this city town of owner occupied housing, to buy their property for housingCollateral, commercial housing loans as a loan guarantee to the bank to apply for the.
Personal housing accumulation fund loan, is the policy of housing provident fund paymentEntrusted loan, refers to the paid workers housing provident fund, buy in this town, construction, rehabilitation, overhaul occupied housing, with its own property for housingCollateral, as a loan guarantee to the bank to apply for housing provident fund loans.
In conformity withIndividual commercial housing loansConditions of the borrower and the depositHousing reserve, in handling individual housing loan business can also apply to the bankPersonal housing accumulation fund loanThat is, the borrower to purchase this city town home asCollateralCan also apply for individual housing provident fund loans and commercial individual housing loans to banks (referred to as such loansIndividual housing loan portfolio).
Business loanObject: all kinds of industrial and commercial registrationSmall and medium sized enterprisesCustomers, operating in good condition.
Business loanDeadline: generally 1-5 years
Business loanAmount: generally 500000 ~10 billion yuan
Basic requirements:
1, holdChinaThe people's Bank issued credit cards, no bad credit records
2,Company registrationAnd working more than 1 years, the latest annual turnover of more than 3000000.
Interest ratesThe cost is generally between 8%--14% merge
Trust mortgage loans
Collateral trust loan refers to entrust the trustee accepts the principal, the principal deposited funds, according to its (orThe trust plansIn the specified object, use), period,Interest ratesLoans and amount of payment, financing parties toNot the chattel mortgageAs the trust loan guarantee way.Interest ratesCost plus average about 18% years.
Real Estate Investment Trusts referred to as "REITs", literally translated asNo real estate investment trust, also known asReal estate investment trustWith its origins in America. REITs is generally divided into three types: equity (Equity REITs),MortgageType (Mortgage REITs) and mixed type (Hybrid REITs).
Mortgage loan
Mortgage hock refers to households when theirNot the chattel mortgageTo pawn, delivery of a certainProportionCost andInterestWhen gold, made, and in the agreed period when the interest payment, pay cost, when gold,RedeemWhen the material behavior.InterestCost plus with about 3% or so.

  Mortgage loan

Vehicle mortgages
The carMortgageLoans to the borrower or third cars or self purchase a car asCollateralToFinanceAgencies or auto loan company loan. In the car as aCollateralUse of the loans, mainly for the automobile consumption. (of course, the impact of traffic accidents car devalue fast vehicle value probability,FinanceInstitutions in the car as a singleMortgageLoans mode is relatively less.) While the carMortgageEmergence of loan service platform "appropriate car loan", provides a new channel for short-term financing loans to private car ownership groups.
To car loans, customers can be used for private vehicle ownershipMortgageAccess to short-term financing needs. It is a breakthrough to the traditional vehicleMortgageBorrowing mode, put forward "without the" service, users only need to apply for a car loan on mortgage vehicle installed GPS positioning system, can continue to use the vehicle after the formalities, and do not like the traditional vehicle mortgages as the vehicle pledge, not because the car was a pledge to lose face or cause inconvenience, and the fastest can realize the access to capital.
Colored mortgage lending
The borrower will beNot the chattel mortgageThe lender (natural person) name, lending money directly to the borrower, the borrower to pay in accordance with the agreed repayment

  Risk rating logo

Interest. If the borrower fails to pay off its due debts, lending to the property has the right of first refusal. Responsible for the coloredMortgageRisk management of loan, loan risk ratings and loan procedure execution. On everyMortgageLoan,Due diligenceThe size, risk assessment, determine the risk of colored level: grade AAA, grade AA, grade etc..
Interest ratesPlus expenses is generally about 18% years.
In 2003 October, colored in the domestic firstNot the chattel mortgageCredit risk rating, because of its standardization, normalization, specialization, was known as the "wusetu mode". risk rating logo.

Edit this paragraphMortgage forms

MortgageLoan and mortgage of maximum mortgage and traditional form of two, the maximum mortgage refers to the mortgagor, andThe mortgageeAgreement, the maximum amount, toCollateralFor certain period of the creditor's guarantee, which is different from the traditionalMortgageSystem of new mortgage system, compared with the traditional mortgage system, difference:
(1) the most highMortgageThe secured creditor as uncertain creditor's rights;
(2) the maximum amountMortgageThe secured creditor usually future claims;
(3) the maximum amountMortgageMust be a predetermined maximum burden;
(4) the maximum amountMortgageNot with the transfer of the main creditor right transfer.The maximum amountAlthough than traditional mortgage mortgage greater independence, butThe mortgage of maximum amountStill belongs to collateral, the establishment, validity and there is no essential difference between the traditional mortgage.[1]

Edit this paragraphLoan interest rates

If you are a real estateMortgageRefinancingNowInterest ratesBut the lowest in 34 years.
The problem is, you want the same as the previous loan conditions, or to choose a more suitable for youMortgageLoan.
Fixed adjustableInterest ratesLoan (fixed-adjustable)
Countrywide Home Loans first vicePresidentPerry (Doug Perry) said,"MortgageOne of the most common form of refinancing is fixed and adjustableInterest ratesMortgage." Starting this loanInterest ratesFixed - this period may be 3 years, 5 years or 7 years, the interest rate is adjusted according to market levels regularly.
At Countrywide, the "3-1" fixed-adjustable features interest rates in the "low fives," he said
The "3-1" fixed adjustableInterest ratesLoan interest rates between 5% and 5.5%.
FinancePublisher HSH Associates vicePresidentGanbinger (Keith Gumbinger) says, this kind ofMortgageLoan risk is, inA fixed rate of interestThe end of the period, interest rates may rise significantly. "You in the first 5 years the money saved may be internalized 1 years lost."
However, fixedAdjustable rate mortgageVery suitable for families who repayment schedule for 5 to 7 years.
5/25 and 7/23 the twoMortgageLoan 5 years ago or 7 yearsInterestIs fixed, the period after the end of the remaining loans disposable at market interest calculation. Although this kind of loanA fixed rate of interestWith adjustable interest rate gap between the small, but the frequent change of work people is very appropriate.
A period of 15 yearsFixed rate loan
A period of 15 yearsFixed rate mortgageWant to hold the stock, to pay off loans are especially attractive. ThisMortgageThe loan is particularly popular in new England and New York areas, because these areas of family holdings usually long duration.
Only loans (Interest-only loans)
Many people will this loan asRefinancingA supplement plan.
Priceline MortgagePresidentMark Rene (Patrick McErnerney) said, "this is perhapsMortgageOne of the most attractive loan products, but does not seem to have attracted the interest of the public." For example, in the Priceline company a loan of $200000, the first 5 years of monthlyInstallment paymentFor $1083, while the standard loanPrincipalPlusInterestFor $1231 a month.
Of course, the initialInterest ratesAfter the end of the periodInstallment paymentSales may increase, but maybe some people hope that in the short term have more relaxed, and the late repaymentPrincipal.
Wells Fargo Home Mortgage has launched a project called "Super Jumbo" of the interest onlyMortgageLoan project.
In 270000 of the loan amount of more than $5000MortgageLoan,A fixed rate of interestA basic low interest rate 1%, highest do not exceed 5.49%, a fixed rate of interest for a period of 10 years.

Edit this paragraphScope of application

Must be registered with the approval of the administrative department for Industry and commerce, and go through the tax registration and annual inspection procedures in accordance with the provisions of the enterprise legal person;

  Real estate mortgage comics

The product has the market,The production and business operationThere are benefits, not misappropriatedCredit funds, abide by credit;
There are regular servicing ability, the original deal withThe principal and interest of the loanAnd expire loan has been paid; no settlement, has made the bank approved a repayment plan; according to the "standard" rating bank enterprises approved in principle, credit rating as a (with) the above;
Has been opened in the bankThe basic accountOrA general deposit account;
In addition to the provisions of the State Council, the limited liability company and Limited by Share Ltd of foreign equity investment accumulative total amount does not exceed theTotal net assets50%.
The borrower's operating and financial system is sound, the main economic and financial indicators in line with the requirements of banks;
ApplyLong term loansThe project must be approved by the competent authorities of the state, enterprise legal person of new projectsThe owner's equityAndThe total investment of the projectTheProportionNo less than the provisions of the stateCapital investment projectsProportion.
AsCollateralProperty must be in accordance with the relevant provisions of the "PRC security law", the mortgagor shall enjoy the ownership of the mortgaged property or dispose in accordance with the law, and to the bank made it clear that may guarantee to the mortgage debtor.
To the propertyMortgage, the mortgage rate shall not exceed a maximum of 70%; in transportation tools, general machinery and equipment and tools are mortgaged, the mortgage rate shall not exceed a maximum of 60%; with the special equipment and tools, intangible assets (including land use rights) mortgages and other assets, mortgage rate highest do not exceed 50%.
Can not handle the mortgage property types
Type A: real estate loans outstanding; such property in general is a mortgage real estate or the property is in a state of mortgage, banks already have this property right, is not re apply for mortgage and mortgage.
Type two: Part Yigougongfang; this one is the purchase contract or purchase agreement can not provide Yigougongfang; another is unable to provide center delivery room listed certificate center delivery room.
Type three: not full five years of affordable housing; refers to the movements of the housing management according to affordable housing, or pure affordable housing, under the age of 5 years, it is not allowed to be traded, so can not do mortgage.
Type four: did not obtain the small property right house property card. This kind of real estate transactions can not be listed, not to the Construction Committee as collateral, but not may apply for mortgage loans.

Edit this paragraphIndividual choice

Mortgage consumer business has become the inevitable choice of some consumers, the chain of home real estate vice president Lin Qian remind consumers, in addition to the choice of mortgage loans ordinary, according to individual circumstances, can choose different type of loan products:
Repayment ability weaker: suitable for replacement housing
Replacement of mortgage loan period can be extended to 30 years, different from ordinary mortgage loan period of 20 years, sharing a month repayment pressure, suitable for the repayment ability of young people.
Repayment of borrowing funds high: for equity loans
Some property buyers more lending financed temporary purchase, so the repayment amount is higher, do mortgage consumer, the loan amount higher requirements to repay loans of temporary ability. The suitable choice of equity loans, this product a few loans of up to 8, real estate mortgage requirements within five years 90 square metres.
Repayment ability, unstable: suitable for revolving credit
Because the mortgage consumer loans tend to the real estate itself audit, so the ability to repay part of income and loan unstable people, revolving credit is the better choice, the housing mortgaged to the bank, you can be certain of the loan amount, can be divided into cash in the real estate mortgage period, recycling. In this way, can guarantee a certain "left hand".

Edit this paragraphApply

Essential information
The borrower andMortgageIn a period of financial statements;
The borrower andMortgageThe decision board;
MortgageIssued by the credit guarantee letter of commitment;
Assets assessment approved by the bankAgencyIssued by theMortgageReport on the evaluation of value;
The expenses plan and source of repayment;
Associated with the use of the loan businessThe contract.
Other information
1 rights and spouse identity card
2 right and the spouse's account of the
3 people the right to marriage certificate (unmarried proof marriage issued license or Civil Affairs Bureau)
4 proof of income
5 such as real estate license holder has the minor children, please provide a birth certificate
6 if the property is also a bank loan, please provide the original loan contract and the last bank statement
7 to improve the loans through the rate, please as much as possible to provide other property proof (such as family, another house property card, stock, fund, cash deposit, vehicle permits etc.)
Application procedure
The first step, prepare the loans required materials
To provide for housing mortgage data sheet of foreign people
Residents of the city, residents of other provinces and cities outside the file types
Proof of identity the borrower, mortgagor and housing a total of one identity card and residence booklet (original and photocopy) in addition to identity cards, residence booklet, provide the original proof of residence, provide home return permit or Passport ID the temporary residence permit Hong Kong and Macao; a pass, people of Taiwan ID card, household vine; provide passport other expatriates
Proof of marriage married to provide a marriage certificate (original and photocopy); unmarried provide unmarried proof to provide the original left married to provide a marriage certificate with original unmarried unmarried certificate required by the effective overseas notary, lawyers witness or our embassies certification
Proof of income provided by the units issued proof of income or other proof of assets with Zuo Tongzuo
Other data (provided by banks and lawyers) loan application, payment account, the correspondence address proof, commitment, Shanghai City real estate transfer registration of attorney, Shanghai City real estate rights registration book, consent (house there were people with mortgage book) and left with the left
The purchase of the first payment receipt data provide photocopies of property developers or vendors, pre-sale or sale contract with left the purchase of the first payment receipt copy, certified pre-sale or sale contract a
The second step, the housing assessment, the signing of the loan contract, insurance, notarization procedures
The notary to bring materials:
The applicant and the spouse and to the lender and common people residence booklet original
The applicant and the spouse and to the lender and a total of identity cards of the original people
Certificate of marriage
Signet
The insurance premium with
Outsiders need temporary residence certificate
The third step, trading center mortgage right registration
The fourth step, loans
Limit problem
Mortgage loan limit refers to the maximum amount of loans, which is the basis of collateral value and mortgage rate.
Loan limit calculation
The formula for estimation; loan limit = collateral value * mortgage rate
The amount of loans the borrower shall be within the measure of the loan limit, otherwise they will be a premium loans, loans to bring hidden risks to. Therefore, the mortgage amount depends on the value of the mortgaged property and the number of mortgage rate.
The mortgage is requisition, loss of or damage to the how to do
A collateral loss, damage case, mortgage whether there can be divided into three types respectively. The first case, damage or loss, collateral is due to human behavior caused by the mortgage, the mortgagee has the right to demand that the mortgagor provide corresponding guarantees and collateral. Second kinds of circumstances, loss, collateral damage caused by non mortgage people's behavior, the value of the mortgaged property into other forms, because the mortgage in the mortgage, other forms of value should be subrogation as mortgage, the mortgagee may exercise the mortgage right of subrogation. The effect of mortgage and as collateral loss, damage to the compensation, insurance, subrogation, the mortgagee has the right to compensation, insurance as a secured creditor. Third kinds of circumstances, loss, collateral damage is not due to the mortgagor's behavior, and did not get compensation, insurance, mortgages as collateral damage and loss, and the eradication of. Acquisition refers to the country for the social and public interests shall be paid more, mandatory citizen, legal person or other organization property levy for all countries act. For example, the expropriation of land, shall be in accordance with the original use of the requisitioned land expropriation compensation; land buildings and young crops compensation fee, pay compensation in accordance with the provisions of the province, autonomous region, or municipality directly under the central government standards. Therefore, the mortgaged property expropriated, the mortgagor will get compensation, apply the above second cases, compensation fees shall be as guarantee, mortgage rights still exist in the compensation of collateral.
Detailed process
Residents of the housing mortgage loan application form 1. borrowers, and submit the following documents: the bank borrower fixed income by showing where the units issued by the certificate; loan guarantor's business license and legal proof of credit documents; the legal proof of identity; that comply with the provisions of the law on housing ownership certificates or I have a right to housing; the collateral property valuation report, certificate and insurance documents; the purchase of housing contracts, agreements or other documents; bank loans for the other documents or materials provided. The above is a mortgage loan process the first step.
2 according to the bank loan, the bank to the borrower's loan application, the purchase contract, agreement and related materials for review.
3 the borrower will mortgage of property ownership certificate and insurance or securities exchange bank custody.
4 the debit and credit surety mortgage contracts signed and notarized. 5. according to the mortgage loan process, loan contract signed and notarized, bank deposits and loans to borrowers through transfer into the purchase contract or agreement specified unit prices or housing units.

Edit this paragraphMatters needing attention

Refinancing must take into account all the timeThe cost of loansThis includes not onlyInterest, also includesFeeAnd points.
If you want to save money, you can ask for no costRefinancingIn this way, most of the costs are calculated in the loan.
BecauseMortgageLoan market competition is very fierce, the lender should beRefinancingBe the first choice. In order not to lose business, loans will provide loans according to the market on the most favorable terms.
Also consider loans to Priceline, ELoan and Lending Tree and other online loan business, as a supplementary financing. For example, Priceline Mortgage provides "float"Interest ratesSecurity, onceThe market rate of interestDecline,Loan interest ratesWill also be lowered.
If you thinkInterest ratesWill not fall, may wish to lock the loan interest rate. LockInterest ratesTo protect their own interests, interest rates rise. But the attention to float downwardInterest ratesLoans and lock the interest rate loan should pay fees.
Loans to distinguish carefully
An advance payment
Many unsecured noMortgageLenders will require the borrower to play the first part fee orInterestFees cost various names, such as Nive out of ten are Swindlers Company.
Two agency documents are complete
The establishment of the small loan company is approved by the relevant authority, the quantity is very limited, so in the choice of folk loan, to check the relevant documents of the company is true and complete.
Three.Interest ratesHeight
Now state regulations, folk lending yearsInterest ratesShall not be more than 4 times the national benchmark interest rate, or it is usury, not protected by the state.
The four lenders are individuals or enterprises
Should pay attention to, because the loan asFinanceA key control and management of the service industry, people are generally does not have the agent qualification, with a similar unsecured noMortgageThe loan, if the individual agents should be alert to the public security organ.
In the application of unsecured noMortgageLoan to time, must be to the regular legal bankFinanceAgencies or other loans of financial institutions. For loan users unable to obtain bank loans through the normal channels, in the selection of theseFinanceInstitutions when, should be rigorous thinking, with caution, to avoid unnecessary trouble.
ID unsecured loan
Id no mortgage can have how much? Nowadays there are many lenders and ID card can apply for an unsecured loan advertising, online also frequently appear some unsecured loans, many is a fraud, a lot of fraud criminals to this "no mortgage" to obtain the effective information our lenders as an excuse, and then use the bank on the net to the lender of money away.
So do not believe in the so-called Id no mortgage, not easily leak our personal information, this ID unsecured loans are a fraud, the fraud of the general behavior characteristics:
In 1, published online or to play ID unsecured loan use of SMS advertising, attract more in need of money but not through the channel bank loans of the public.
Call 2, liars and victims, repeatedly taking by deceitful information.
3, these crooks are generally different.
4, criminal suspects are not always and harm of face-to-face contact, are taken to contact telephone.
The basic conditions for small loans Construction Bank to have is:
First, through the Department of industry and Commerce approved the registration, business license, and annual examination are qualified.
Second, the relevant organizational structure and management system, financial system.
Third, have a fixed place of business, the income is stable, the product has a good market.
Fourth, the people's Bank credit card (card);
Fifth, the credibility of a good no bad credit records, ability to repay the debt repayment, good will.
Sixth, abide by the provisions of China's financial laws, regulations.
Seventh, enterprise managers good personal qualities.

　　

Edit this paragraphSignificance

ImplementMortgageLoan system, andThe reform of the economic systemTo adapt, in the implementation ofThe planned economyPeriod, consistent with the traditional economic system, deal with

  Mortgage loan

Business loans areCredit loans, this isCredit funds"An important form of the supply system", there are more funds occupancy, slow turnover, poor benefit in the establishment of abuseThe socialist market economyIn the new period, the economicFinanceAfter the reform, a comprehensive open mortgages, establish and improve the matchingLaws and regulationsAnd the rules and regulations. From a practical point of view,MortgageThe security of the loan, profitability is better than the otherCredit assets.ChinaFrom the late eighty's, before personalHousingMortgageLoan business. As of 2003 6 at the end of the month, the cumulative forPersonal housing mortgage loanAbout 213000000000 yuan, loans amounted to 167000000000, to promote housing commercialization process, greatly improving theUrban residentsHousing conditions, more and more obvious effect of mortgages.
First, enhance the credibility of the concept of customer, improve the bankEconomic benefits. Customers in the managementMortgageLoans, in obtaining loans application, also had to repay loans pressure. Thus, to invigorate theFinanceInvigorating, enlivening the economyCredit fundsThe use of cost-effective, according to the statistical data shows that the personal housing construction bank, hospitalMortgageLoans overdue rate lower than 3%,InterestThe real yield is more than 90%, at the same time, the mortgage can make goods,Bill,SecuritiesAdvance into monetary funds. To accelerate the capital turnover, stimulate the enterprises to expand production and circulation has a certain role.
Second,MortgageCompared with the credit loan binding on loan customers greatly enhanced. Once the enterprise bankruptcy, credit is a kind ofOrdinary creditor's rightsOnly the general creditors, bankIdentityIn bankruptcyThe property of the enterpriseDistribution, has no right to claim priority.MortgageImplementation and promotion of the loan, is to adapt to the new requirements of the socialist market economy, reformCredit fundsThe supply system, establish the necessary loan system credit funds and the development trend.

Edit this paragraphProblems

(a) the relevant provisions of theMortgageThe registration department that is not unified, not know what course to take the bank
Such asChinaThe people's Bank and the Ministry of Construction issued a joint "on the strengthening of a bank loan and related businessReal estateMortgageNotice "and evaluation management work, the local real estate management for the city real estate mortgage registration department. The provinceAdministration for Industry and CommerceAndChinaThe people's Bank of China branch jointly issued "on theFinanceLoan related businessCollateralBut the provisions of the registration of the notice ", the industry and Commerce AdministrationOrganFor enterprisesEstateAnd factories and other buildings as collateral registration authority.
In addition, due to the absence of theMortgageThe registration departments to establish the necessary communication system, leading to the repeated mortgage registration, cheatThe LenderFunds, damage the interests of creditors phenomenon, brought some unnecessary confusion and disputes. If a debtor with no fixed objects on the ground of the land use right to the lender as a bankMortgage, and inLand Management DepartmentFor registration; then the debtor in the same piece of land buildingHouse propertyTo be handled lawfullyProperty right cardLater, and use of real estate to the lender B Bank as collateral, mortgage registration in the real estate sector, it happened the repeated mortgage creditor rights, conflict. This is because the registration authority belong to different administrative authorities, the lack of mutual contact caused by improper results.
TwoLegal registration departments for some loans)CollateralDo not open the business registration
"The Guarantee Law"Regulations, taking the forestMortgageThe registration department, the competent forestry authorities above the county level; toAircraft,A shipMortgage registration, vehicle, transport management department. In practice, the parties despite repeated and Forestry Bureau, the vehicle management agencies to contact, but some departments have not agreed to carry out the business registration, the banking sectorCollateralUnable to register.
(three) someCollateralMortgage registration is difficult
Main show is in: one is someEnterprise assetsDue to historical reasons, not for property registration, noThe property right certificateUnable to register; two, there isCollateralValuation is difficult, if special assessment mechanism, cost is higher, the mortgagor burden overweight, registration enthusiasm is not high.
Four.MortgageDifficult to achieve the right
"Guarantee law" provisions, debt discharge period expiresThe mortgageeIs not repaid, can agreement with the mortgagorCollateralDiscount or auction, the proceeds from the sale of the collateral price priority, if no agreement is reached, the mortgagee mayThe people's courtA lawsuit. In practice, on the one hand because manyCollateralThere is no uniform valuation standards, the relevant departments high valuations of collateral, the loanTo set offAfter the banks suffer great losses; on the other hand, because ofThe market mechanismNot perfect, the lack of standardized auction sale, market, even with the auction market, but also because the market is not perfect, the auction collateral is difficult to realize the right of disposal, bank.

Edit this paragraphReal estate mortgage

In many purchase the crowd, there are part of the group because the house is too small to large displacement, or need a lot of cash flow, a general consideration for mortgage loans, loans for quick and easy you finishing the mortgage loan requirements:
1, the loan application: support for individuals to purchase housing and use the loan cycle.
2, the loan object: Chinese citizens with full civil capacity, the right of abode in China, with full civil capacity of natural person in Hong Kong and Taiwan, with full civil capacity of foreigners have the right of abode in China mainland.
3, the loan conditions:
(1) have a legitimate identity;
(2) a stable income, have the ability to repay the loan principal and interest, no bad credit records;
(3) a valid purchase contract;
(4) to buy new houses for the mortgage of maximum amount, must have a valid purchase contract, age 10 years, and have or paid less than the full purchase price of housing 30% of the first payment;
(5) has purchased and apply for a housing mortgage loans, the original housing mortgage loan has the repayment of loans for more than a year, less than 60% of the value of the mortgage and housing, and used as a collateral housing has obtained the certificate of house ownership, within 10 years of age in;
(6) can effectively guarantee loans for approval;
(7) bank loans to the other conditions stipulated by the.
4, the loan amount does not exceed the maximum: the purchase of housing price 70%;
5, the term of the loan: generally for a maximum of 30 years. With the purchase of new housing for the mortgage, the effective period start date for "individual housing loan contract" signed the day before the day; the original in the Construction Bank of housing mortgage loans to the mortgage loan, the effective period of the start date for a day before the original housing mortgage loans;
6, the loan interest rate: the loan interest rate with the individual housing loan interest rates.