House mortgage loans also require a credit check. Generally, bank credit products will check the credit score. If the loan applicant has a bad credit record before, the bank may not accept the mortgage, or the mortgage may not be accepted. The amount will be extremely low. In addition to credit reporting, banks will also focus on the income applied for. If your income is not ideal, you may not be able to get the loan you need. But unlike a home loan, a mortgage loan allows you to choose to borrow only the portion you can afford, and is generally relatively flexible.

Bank house mortgage loan process

Submit a loan application to the bank, submit loan information, review the house, apply for loan approval, sign a loan contract, mortgage registration procedures, and bank loan. The general procedures for applying for a house mortgage loan from a bank are as follows:

1. Submit a loan application to the bank: the content should explain the purpose, amount and term of the loan, etc.

2. Submit loan information: If you are applying for a home mortgage loan as an individual, you need to provide the following information: borrower's ID card, statement of the past six months, work certificate, credit report, house ownership certificate, etc. If a company needs to mortgage real estate, the materials that should be provided include: company business license, company articles of association, company capital verification report, purchase and sale contract, turnover of the past six months, last year's annual financial statements and financial statements of the past six months, asset certificates, etc.

3. House inspection and evaluation: After all the above materials are submitted, the bank will conduct on-site inspection and evaluation of the mortgaged property.

4. Loan application: The housing appraisal company will submit the appraisal report or survey opinion to the bank for approval.

5. Sign a loan contract: The borrower signs a loan contract and all related documents, signatures, and fingerprints with the lending institution, and they are notarized by a notary.

6. Mortgage registration procedures: The bank will go to the real estate office to handle the mortgage registration procedures with the house ownership certificate and the notarized loan contract.

7. Bank lending: Due to different regulations of each bank, they will lend funds in the form of cash, card payment or remittance to cooperative merchant accounts.

What materials are required for house mortgage?

1. Documents required for mortgage of existing house

1. Real estate mortgage contract (both husband and wife are present to sign);

2. House ownership certificate;

3. Copy of land use right certificate (original);

4. "Real Estate Evaluation Report" issued by a qualified evaluation agency ;

5. Bank loan contract;

6. Proof of marital relationship and copies of both parties’ ID cards (originals are to be verified). If single, the certificate shall be issued by the civil affairs department of the place where the household registration is located.

2. Information required for off-plan property mortgage

1. House purchase pre-sale contract;

2. Sign a house purchase loan contract with the bank;

< p>3. A copy of the receipt for the advance payment for house purchase (the original must be verified);

4. A copy of the couple’s marriage certificate (the original must be verified), and if single, a certificate issued by the civil affairs department of the place where the household registration is located;