Let's get a closer look at the specific processes and attentions of mortgages。

What's the real estate mortgage process

The first thing you should know is that you need to know the purpose, amount and length of your loan to apply for a mortgage at a financial institution. You can start preparing the necessary loan materials only if your application meets the criteria of the financial institution。

If you are a personal lender, the materials that need to be prepared include an identity card, a household register, an income certificate, a personal consumption contract, a civil status certificate and a home ownership certificate. If you are an enterprise, the information that needs to be provided relates to more specific documents and reports, such as business licences, opening licences, business charters, certification reports, purchase and sale contracts, financial statements for the last half year and last year ' s financial statements。

After you have submitted the required material, the bank will carry out an on-site survey and assessment of your property, which is a key step in determining how much credit you can obtain. You should be aware that the results of the assessment may be lower than market prices, as the evaluation body takes into account a number of factors, including the location of the property and the construction situation。

Then you need to submit all loan information and evaluation reports to the bank for approval. At this point in time, please ensure that all information is complete, otherwise it will affect the progress of the loan。

Next is the notarized step. The borrower is required to complete the loan contract and all related documents, to be signed and stamped and then notarized by a notary public。

Finally, banks are required to register mortgages on the basis of home ownership certificates and public certificates of loan contracts。

In processing mortgages, you should pay attention to the following:

- Do not apply for loans on a regular basis and do not allow them for the short term

- To apply for loans and credit cards based on the actual income of the individual and to avoid overindebtedness

- The timely use of credit products or credit cards and timely repayments in order to build up a good credit record。