How to borrow a house: the latest guide and hot topic analysis in 2024
In the past 10 days, the topic of real estate loans has continued to cause heated discussion. With the adjustment of the property market policies in many places, home buyers' attention to loan processes, interest rate changes and qualification review has increased significantly. This article will combine the hot topics of the entire network to analyze the entire process of current mortgage application in detail and attach the latest data comparison.
1. Core changes in mortgage application in 2024
According to the latest data from the central bank, LPR for more than 5 years has maintained a historical low for three consecutive months, with the lowest interest rate for first-home homes reaching 3.85%. The following are the most watched loan policy changes in the past 10 days:
| Policy Area | Adjust content | Effective time |
|---|---|---|
| Down payment ratio | The first home in some cities has dropped to 15% | Starting from June 2024 |
| Interest rate fluctuation | The lower limit on interest rates for second-home units has been cancelled | May 20, 2024 |
| Provident Fund Loan | The maximum amount increased to 1.2 million | Implemented in various places one after another |
2. Step-by-step guide for the full process of loans
1.Prequalification phase: It is necessary to provide bank statements, income certificates, credit reports and other materials in the past 6 months. Recent hot topics show that some banks have opened online pre-examination channels.
2.Real Estate Assessment: The bank will designate an appraisal institution to value the mortgaged property. Data shows that the appraised price in 2024 is usually 85-90% of the market price.
| Real estate type | Average evaluation ratio | Loan cycle |
|---|---|---|
| New commercial house | 90% | 15-20 working days |
| Second-hand house | 85% | 20-25 working days |
3.Face to sign and loan: Recently, new policies on "security transfer" have appeared in many places, significantly shortening the trading cycle. Pay attention to the differences in regulations of each bank on early repayment.
3. Comparison of current popular loan products
Based on the official websites of major banks and third-party platforms, the three loan plans with the highest search volume in recent days have been sorted out:
| Product Type | Minimum interest rate | Maximum years | Featured Services |
|---|---|---|---|
| Combination loan | 3.1% (providend fund part) | 30 years | Mixed commercial loans |
| Relay loan | 4.0% | 25 years | Children can repay the loan together |
| Business loan | 3.4% | 10 years | Need company qualification |
4. Risk warnings and expert advice
1.Beware of the risk of transferring loans: Recently, the China Banking and Insurance Regulatory Commission specifically reminded that illegal business loans may face legal risks in exchange for mortgage loans.
2.Follow LPR news: The new LPR quotation will be announced on June 20, and home buyers are advised to pay close attention.
3.Regional policy differences: New first-tier cities such as Suzhou and Chengdu have recently launched subsidies for talent purchases, which can be used in combination with loans.
Conclusion:In 2024, the mortgage market will show the characteristics of "low interest rates + loose thresholds", but specific operations still need to be comprehensively judged based on personal qualifications and local policies. Home buyers are advised to obtain the latest information through the official bank channels, or consult a professional loan broker.
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