In terms of mortgages, many people are concerned about the duration of loans. In short, the maximum loan period for a mortgage is 30 years and the shortest is one year. The length of the loan depends on your age。

For young people, the maximum loan period of 30 years is usually available. But if you're 50 years old, given the bank's maximum loan period, you may have to choose a ten-year or shorter loan period. In addition, banks will make a further discount based on the actual situation, which will generally fall for two years, so that the actual length of the loan may be reduced to about eight years。

What kind of materials do you need for mortgages

In order to obtain a mortgage, you need to prepare the following important materials:

- Identification of the applicant and his/her spouse: three copies each of the original identity card, the residence book and copies thereof. If you are not on the same family register, a certificate of marriage is also required。

- Letters of agreement for the purchase of a dwelling: originals of a signed agreement for the purchase of a dwelling。

- LUMP-SUM RECEIPTS: 1 COPY OF THE ORIGINAL ADVANCE RECEIPT OF THE HOUSE PRICE 301 TP3T OR MORE。

- Proof of income: including payroll, personal income tax tax, income certificate issued by the unit, bank statements, etc。

- Developer ' s collection account: information provided by the developer on the collection account。

Specific steps for mortgage processing

The process of processing mortgages is not really complicated, but consists of the following steps:

1. Advice and application: go to the bank first to find out the relevant information and bring all the necessary materials to apply for a personal housing loan。

Bank audit: The bank will review your credit position and determine the final loan amount。

3. Contract: Once the audit has been completed, you will enter into a loan contract with the bank, which will cover you。

Mortgage registration: This is followed by the registration of mortgages and notarization of property。

5. Loans: Finally, the bank will issue the loan, and then you will repay the loan on time every month until the mortgage is written off after the principal interest has been paid。

Advantages of Provident Fund loans

If you or your spouse are contributing to the Provident Fund, you are also entitled to a higher loan amount. Specifically:

- A maximum loanable amount of 300,000 yuan for workers who have made a unilateral contribution to the Provident Fund。

- If both spouses contribute to the Provident Fund, the maximum loanable amount is 600,000 yuan。

- If the spouse is an officer, the amount of the loan is fixed at the maximum amount。