The first form of borrowing money is probably magic beans, right? Businessmen and ordinary families have also increased their reliance on loans to alleviate cash flows. But not everyone can or should borrow because there are rules and conditions that you need to clear up。

How can I borrow a personal mortgage

Loans can be made in a variety of ways, however, it is clear that individual mortgages are a form that most people choose. You might wonder, how can I get this kind of loan from the bank? That requires you to know the details, and I will do everything I can to give you direction。

First, you need to find a reliable bank and submit your loan application. You need to have your IDs, bank bills, and important documents like home ownership certificates. Find the bank ' s business window, apply for loans with them and fill out the application form。

The bank will then begin to study the information you provide and look at your credit report. They'll have a special assessment body to assess the value of your property. If your application is approved, they will determine the amount of your loan。

You need to go to the bank as soon as possible to sign a loan contract. Then you have to go to the local property administration to register the mortgage。

Finally, when everything is ready, the bank will transfer the money to you in accordance with the contract, usually within a month, with a little patience, and your money will be properly paid。

In applying for a loan, you need to ensure that you are at least 18 years old, have a fixed address and a valid local residence status, have a stable and legal income, maintain good credit, do not break the law, and that there is no poor record in the personal report。

As for your house, its property rights should be clear, with land and property certificates issued by the property department and the land administration. Mortgages should meet the requirements and be traded in the real estate market. It may not be classified as a city-renovation and demolition programme, it may not be subject to other collateral, and the length of the house plus the length of the loan may not exceed 40 years。

FINALLY, ONE KEY POINT YOU NEED TO KNOW IS THAT YOUR LOAN CAN LAST UP TO 30 YEARS, WITH A MORTGAGE RATE OF UP TO 801 TP3T TO 901 TP3T. THIS IS OUR LONG TALK ABOUT PERSONAL MORTGAGE APPLICATIONS。