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Can a 25-year old house mortgage?

Time: 2017-01-19         Source: Rong 360 finishing         Author: 360 Financial consolidation

25 years old house for housingMortgageGenerally, it is more difficult. Due to the consideration of income and risk, banks often refuse to accept mortgages for houses over 20 years old.loan.

In the past, for properties that were more than 20 years old, such as properties after 1985, banks usually accept applications for mortgages, but the number of loans will be reduced. However, with the frequent implementation of multiple rounds of regulation and control policies in 2010, the conditions for banks to review mortgage loans have become more and more demanding. There are many restrictions on housing age and personal credit qualifications. Today, most of the banks whose housing age is more than 20 years old have basically not accepted their mortgage application. In other words, the property before 1990 was basically unable to obtain a mortgage. Although individual banks can issue, the requirements for applicants' income, housing area and location are very strict.

If your house is over 25 years old, but you still want to apply for a loan, you can go to the relevant loan bank to ask clearly, and some banks may agree to the loan.

To apply for a bank mortgage, at least three conditions must be met:

First, prepare the information needed for the housing loan. The information on the existing houses is complete. The information referred to here refers not only to the real estate license, but also to a series of materials related to it. If the housing information is not complete, then it is very difficult to apply for a mortgage.

Second, the loan money has been paid off. That is to say, the arrears of your previous loans have all been paid off. If you still have a loan that has not been paid off, and your house is over 25 years old, it is very unfavorable for you to apply for a loan.

Third, the location and area of ​​the house. The better the location of the house, the larger the area, the higher the chances of applying for a loan, and the more loans.

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