How to handle the mortgage loan of Suzhou Shimao Plaza Apartment?

The process of apartment mortgage loan is the same as that of real estate.

Apartment mortgage loan process:

Select an attribute. When handling mortgage loans, buyers should further confirm whether the real estate built by developers has bank support to ensure the smooth acquisition of mortgage loans;

Apply for a mortgage. After the buyer confirms that the selected property has bank mortgage support, he fills in the mortgage loan application form;

Sign a house purchase contract. After examination and confirmation that the purchaser meets the mortgage loan conditions, a loan consent notice or a mortgage loan commitment letter will be issued. Property buyers can sign a "pre-sale contract for commercial housing" with developers or their agents;

Sign a house mortgage contract. After signing the house purchase contract and obtaining the loan payment voucher, the buyer signs the house mortgage loan contract with the developer and the bank with the relevant legal documents stipulated by the bank, and stipulates the amount, term, interest rate and repayment method of the mortgage loan.

Handle mortgage registration and insurance. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks. Property buyers should list the bank as the first beneficiary when purchasing insurance, and the insurance shall not be interrupted during the loan performance, and the insurance amount shall not be less than the total value of the collateral. Before the loan principal and interest are paid off, the insurance policy shall be kept by the bank;

Open a special repayment account. After signing the mortgage loan contract, open a special repayment account in the financial institution designated by the bank, and sign a power of attorney to authorize the institution to pay the bank's loan principal and interest and the arrears related to the mortgage loan contract from this account.