If you're having trouble buying money, the mortgage becomes a sweet cure. But you might want to ask, can you change the loan chart when you get the loan? Let's find out exactly。

Can you change the length of the loan after the mortgage

Everyone may experience a change in life, or you may suddenly get a inheritance, have the ability to repay the loan, or your financial situation may change and need to extend the loan. It's all possible. In practice, it is absolutely possible to change the length of housing loans, but the operation depends on the regulations of different banks or lending institutions. Most financial institutions will support your adjustment if you are able to sustain the increase in the monthly repayments. As for the extension of the length of the loan, it would need to be based on the policy of the bank or the lending institution, but you would need to ensure that you have the capacity to repay the loan。

You may also want to know what steps are actually required to apply for a house purchase loan:

First, the Development Chamber of Commerce offers a cooperative offer to the Loan Bank。

2. The Loan Bank has begun to examine developers, such as projects, commitments, integrity, etc. If the developers meet the conditions, the parties enter into a cooperation agreement。

3. The purchaser enters into a contract with the developer and pays the down payment in accordance with the terms of the contract。

4. Within seven days of payment of the initial payment, the purchaser is required to provide information, such as a receipt for the first payment of the house, identification cards, etc., and to apply to the bank for a loan。

5. The loan bank reviews the information of the purchaser and conducts preliminary formalities with the qualified purchaser, such as a loan application. The purchaser then has to open a deposit account at the loan office and then the bank applies to a higher authority for approval。

6. The application time limit is usually seven days, and if this time is exceeded, the Marketing Department will assist the purchaser with the bank in a timely manner to ensure that the loan can proceed smoothly。