If you are currently in the middle of a fight to obtain funds, it is a viable way to use your property as a mortgage. In fact, mortgages have become a very common form of lending. Here, let's look at the conditions for applying for mortgages on property。

What are the conditions for applying for a mortgage

First of all, you need to be 18 years of age or older but not more than 65 years of age, and you have a second-generation identity card. Then you need a stable source of income to prove your ability to pay your debts on time. Next, you need a residence permit at the place where the loan is made, and you must have a good record of personal correspondence and no record of overdue payments. Finally, you need to meet all the bank's requirements for lenders。

So, how's the loan process going?

At the outset, you need to apply for a loan, including the purpose, amount and duration of the loan. If your application is eligible, you need to prepare the corresponding information. If you are an individual applying for a mortgage, you must also provide such information as a household book, proof of income, etc. The material required for an enterprise's application is slightly different, such as an enterprise business certificate, an account opening licence, etc。

The bank then evaluates your property, which may differ somewhat from the market price, as the assessment body considers a lot more. This is followed by the submission of all loan information and evaluation reports for approval by banks. At this stage, you need to ensure that all information is complete and that any delays caused by the lack of information are avoided。

Then you need to fill out the loan contract, sign and notarize. Finally, the bank will register the mortgage on the basis of your right-of-occupancy certificate and loan contract certificate. After these steps, you can get a loan。