3+Organization of lending to buy a house mortgaged by the buyer's own house

If you are looking to buy a house but do not have 100% of the financial resources, the form of giving home loan mortgaged by the buyer's own home at reputable banks is the optimal choice. In this article, we will give you detailed information and instructions so you can make a payment home loan use home mortgage finance quickly and effectively.

Home Loan What is the main mortgage of the house you want to buy?

The form of a home loan that mortgages the house you want to buy is a form where the borrower uses the house he intends to buy as collateral to get financial support from the bank.

Get a mortgage to buy a house with the house you want to buy

Before disbursing, the bank will carry out procedures to appraise the value of the house to decide on the maximum loan limit and interest rate for customers. At the same time, the bank will also calculate the time that the borrower pays the debt as well as the monthly repayment amount in a reasonable way based on the information and expectations that the customer provides about the income level as well. as the client's current economic condition.

Answer the question should you borrow money from a bank to buy a house?

Conditions for Home Loan Mortgage With Home Buyer's Own

Not everyone can get a mortgage to buy a house with the house they intend to buy Mortgage loan To be approved by the bank for a loan application, the following conditions must be satisfied:

Borrowers must prove the average monthly income, for office administrative staff, it is required to have a payroll stamped with the company's certification. For business households, companies or business employees, they must prove the minimum total income within the last 3 months.

Having an income that can guarantee a loan of at least 10 million VND or more and must be proved. In particular, for business owners or business owners, a business registration certificate of at least 12 months is required.

Be a Vietnamese citizen or overseas Vietnamese within the specified age range. For women from 18 to 55 years old and for men from 18 to 65 years old by the end of the loan term.

There are all kinds of documents needed to make a home loan application such as: ID card, household registration book, KT3 of the borrower, co-borrower or guarantor, certificate of marital status such as certificate get single or marriage certificate

Having a household registration certificate or temporary residence book or temporary residence registration certificate in the area where the bank's branch is located.

Have a good credit history and especially must have no bad debt for any unit

The minimum capital required to buy a house is 30% of the capital requirement.

After meeting the above requirements, the bank will help or guide you to complete the next loan procedures.

Conditions for loans to buy a house with the house you want to buy at banks

To get a mortgage to buy a house with a home purchase contract, a customer needs to prepare a complete dossier and send it to the lender, including:

Legal records

If unmarried, the borrower needs to provide a national identity card or an individual's identity card. If it is a family, it is necessary to have enough ID cards of both husband and wife. If there is a guarantor, it must be attached.

Family register.

Certificate of singleness or marriage certificate of the borrower and guarantor, if any.

Proof of income

Proof of income includes: Bank account statement, payroll or salary confirmation along with employment contract of borrower and co-payer if applicable.

Insurance contract if the customer participates in insurance.

Financial lease contracts such as car rental contracts, house rental contracts, etc., if any.

Secured property records

A written agreement or contract for the sale of a house made by both the buyer and the seller (if any).

Certificate of legal land use right (with real estate property).

Papers related to the real estate and the house plan to buy together with the payment receipt.

Contract of deposit for the land or house or apartment you intend to buy.

Bank staff will receive home loan applications and assist you in supplementing documents if they are still missing for the Bank to process loan applications. After submitting the application, the Bank will prepare a credit file for you and then schedule a notarization date at the Branch of the District Land Administration Office. Notarization and disbursement will usually take 3-5 working days.

Interest rates

According to the current regulations of the Bank, customers will be able to borrow up to 70% of the value of the real estate they intend to buy according to the Bank's valuation framework. In addition, if the customer installment loan If you have a high income, good credit record, and sufficient proof, you can get a loan with a higher limit.

Interest rate when taking out a mortgage on the house you want to buy

Interest rates on home loans at banks today will usually range from 5.99 to 11.5% (concessional loan). For post-preferential interest rates, there is usually an additional margin of 3-4% depending on the terms of each different bank.

Which Bank Offers the Best Home Mortgage Loan?

There are many large and reputable banks that provide mortgage lending services for homes that want to buy at very low interest rates to easily reach more customers, helping customers quickly own real estate products. desired product. You can refer to loans at major banks as follows.

HSBC Bank

HSBC has received a lot of support from customers over the years, not only because of its good service quality but also a wide range of mortgage loans with low interest rates.

Conditions for a mortgage loan with collateral is a house purchase contract at HSBC bank is very simple as follows: You just need to be a Vietnamese citizen or a Vietnamese living abroad who is between the ages of 18 and 65. Average income from 10 million VND/month or more. Mortgage of houses or land located in big cities and property valuation from 800 million or more or in other provinces with a minimum valuation of 500 million or more.

ACB bank

ACB gives customers a lot of benefits when they need to borrow money to buy a house with the mortgage of the house itself. The maximum loan repayment period is up to 180 months. Moreover, the loan limit is very large, can be up to 70% of the value of the house or apartment and the interest rate is also very competitive.

Customers only need to complete a complete dossier of collateral and prove that they have a stable source of income from all sources such as salary, house rental, production and business activities, dividends, etc. capital contribution, etc. can easily be approved for loan application.

See also: ACB bank mortgage loan

ABBank

The advantage of the mortgage loan package at ABBank is that the loan procedure is quick, customers will be provided with timely capital to buy the desired real estate.

Loan payment term up to 240 months and grace period up to 36 months. Customers will pay the principal and interest on a monthly basis. The bank lends up to 90% of the capital requirement, up to 85% of the value of the collateral. Moreover, the preferential interest rates for the first time and after the preferential period are applied according to the current regulations of the bank at that time.

Conclusion

Above are the sharing about the form home loan mortgaged by the buyer's own home, hope to have helped you with useful credit information. If you have questions that need support, please contact us for the fastest response.

Information edited by: banktop.vn