Many people need a loan when buying a house, and face-to-face is a crucial step in the housing loan process. What do you need to know about the front of the mortgage? We can analyse it from the following angles。

What do you need to know about the front of the mortgage

I. Understanding loan modalities

Before a loan is signed, the borrower should know the type of loan chosen. At present, the most common forms of housing loans are in the form of equivalent principal and equivalent principal and interest payments. Equivalent principal repayments are reduced monthly, with a shorter repayment period and a lower total interest rate for higher income groups. Equivalent principal repayments are equivalent to monthly repayments, with a longer repayment period and a higher total interest rate, suitable for a more stable but lower income group. It would therefore be useful for borrowers to have an understanding of the manner in which the loan was made。

II. Reconciling face-marking materials

Before a loan is signed, the borrower is required to prepare a series of materials, such as identity cards, marriage certificates, wages, etc. Borrowers should check the completeness of the materials carried, including the name, ID number, work unit, etc. on each of the materials. In the event of discrepancies, the relevant supplementary material should be corrected or prepared in a timely manner so as not to affect the approval of the loan and the final lending。

III. Caution of confidentiality

As loan facemarks are an important part of the bank ' s staff ' s scrutiny of borrowers, borrowers should be careful not to disclose personal privacy information at will. In addition, care should be taken not to communicate account numbers and passwords to others during face-to-face signatures to prevent data disclosure。

Question questions

During the loan face-to-face process, bank staff may question borrowers about their repayment capacity and creditworthiness. Borrowers should respond to staff members ' questions in a true and accurate manner and ask them the relevant questions in their own circumstances in order to better understand the loan product and its requirements。

V. Detailed reading of contracts

During the loan face-to-face process, bank staff may offer the borrower a contract and the borrower should carefully read the terms of the contract, including interest rates, duration, repayment modalities, etc., to ensure that he/she has a complete and accurate understanding of all the elements. If there was no understanding or doubt about some of those provisions, bank staff should be asked questions in a timely manner。

In the light of the above, the need to sign home loans has been given high priority by borrowers. Before signing in person, borrowers should be aware of the loan modalities and requirements, check for the completeness of their materials, be sensitive to confidentiality, carefully answer staff questions and carefully read the contract terms to ensure that they have access to the loan。