Let us talk about mortgages, and we know that houses are not just a simple dwelling, but for many they are a great asset. In times of financial difficulties, houses are often used as our life-saving straw to obtain loans through mortgages。

House mortgages can take up to a few years

So, you might ask, how long can mortgages last? It's not really a uniform answer. If you mortgage a new house, you can borrow up to 30 years; but if it's a second-hand house, it'll shrink to 20 years. The difference in the duration of the loan is to allow you to rationalize the period of repayment according to your actual ability to repay, avoiding unnecessary economic pressure on yourself。

It should be noted that mortgages are not readily available, depending on whether the property itself meets the mortgage requirements of the bank. If the property does not meet the requirements, the mortgage cannot be processed。

What, then, is the specific meeting of the bank's mortgage requirements? This involves the following aspects:

1. The applicant needs to have a permanent residence at the location of the loan bank, with a permanent residence or a valid residence certificate, at least 65 years of age and full civil capacity。

2. Applicants need to have a stable economic income and be able to repay principal and interest on the loan, and have no poor credit record。

3. The applicant is required to provide a legal and effective contract for the purchase of the house。

IF THE NEW HOUSE IS PURCHASED AS THE MAXIMUM SECURITY, A LEGALLY VALID CONTRACT FOR THE PURCHASE OF THE HOUSE IS REQUIRED, AND THE HOUSE IS UNDER 10 YEARS OF AGE, AND A DOWN PAYMENT IS REQUIRED TO COVER AT LEAST THE FULL PRICE OF THE HOUSE 301 TP3T。

5. IF THE PROPERTY HAS BEEN PURCHASED AND USED FOR MORTGAGES, THE LOAN SHOULD HAVE BEEN REPAID FOR AT LEAST ONE YEAR, AND THE VALUE OF THE MORTGAGE SHOULD BE LESS THAN 60%, AND THE TITLE CERTIFICATE HAS BEEN OBTAINED AND THE AGE OF THE DWELLING SHOULD BE LESS THAN 10 YEARS。

6. Applicants need to be able to provide legally valid and reliable bank-approved guarantees。

7. Other conditions set by the loan bank are met。

In any case, this is all the important information on mortgages, and it is hoped that it will help you. Thank you for your patience。