We have all heard the phrase “home and everything”. In China ' s traditional perception, having a home is an important milestone in life. However, for the majority of the population, the cost of buying a house is not insignificant. The pressure on the full payment was high, so most people opted for loans to buy a house. Today we are talking about a “hot land” in the area of finance: second-hand loans. Second-hand rooms are also a good option, so how do we calculate the amount of second-hand loans and what factors affect second-hand loans

How to calculate the amount of second-hand loans? These are the factors that affect the mortgage line

FIRST, THE AMOUNT OF SECOND-HAND LOANS WILL NOT NORMALLY EXCEED THE ESTIMATED VALUE OF THE HOUSE PURCHASED, OR 70% OF THE TRADED PRICE, WITH ONE OF THE TWO BEING THE LOWER OF THE LOAN CEILING. IT SHOULD BE BORNE IN MIND, HOWEVER, THAT POLICIES DIFFER SLIGHTLY FROM ONE REGION TO ANOTHER, SO IT IS IMPORTANT TO OPERATE IN ACCORDANCE WITH LOCAL SECTOR REGULATIONS。

The second-hand mortgage line is affected by the following series of factors。

Number one, age. Banks pay special attention to the age of the house when approving loans. In general, banks tend to lend for housing between 20 and 25 years of age, and in some areas the age limit may be relaxed to 30 years, while in others it is strictly controlled within 10 to 15 years. In short, the older the house is, the smaller the residual value of the house, the smaller the natural loan line。

Second, your age. A rule relating to loans is that the borrower ' s age plus the length of the loan cannot exceed 70 years. In other words, the amount and duration of the loan may be higher for young applicants; on the contrary, if older, the amount and duration of the loan will be less。

Third, your credit. Your credit position is an important factor for banks to assess your suitability for loans. If you have overpaid within the last two years, you may be denied a loan。

In the course of lending, it is important to rationalize consumption, ensure that pressure on repayments is met and select a loan line appropriate to their economic situation。