What are the procedures for real estate mortgage?
Real estate mortgage procedures more complex, the general situation is that the mortgage on the one hand is the borrower, while the mortgage guarantor. That the borrower to the financial institutions, in order to meet the debt, the borrower will be legally owned by the real estate as collateral to the financial institutions. In the case of the borrower, the borrower has to borrow money from the financial institution, and the third person shall be secured by the borrower and the third person legally owned real estate mortgage to the financial institution.
The main legal elements in the mortgage loan is first established loan borrowers and financial institutions signed a loan contract (also known as the main contract); second is the mortgage real estate mortgage to the financial institutions, a real estate mortgage contract (contract, establish the mortgage subsidiary). Finally, the two sides hold the main contract (loan contract) and mortgage contract together to the location of the real estate housing land management department, apply for real estate mortgage registration, complete the mortgage activities of all legal procedures.
In the mortgage process, we must first examine the identity of the borrower, credit and commercial, legal status of the collateral mortgage guarantee provided by the second review of the check whether collateral does not belong to the category of the mortgage list, determine the legitimacy of the collateral. If the mortgaged property is legally owned, and there are no legal flaws, it shall be assessed by the land appraisal institution approved by the housing land management department, and the assessment report shall be made. And then according to the value determined by the evaluation report, determine the mortgage rate. He decided to loan and mortgage contracts signed before the financial institution to mortgage the location of the Housing Department of land survey, in order to avoid after signing the loan contract and the mortgage contract Banbuxialai mortgage registration.