What conditions are required for a property guarantor and what conditions are required for a mortgag

The origin of the guarantor of the purchase loan.

For example, the borrower has ideal conditions in all aspects, high income, stable occupation, and good credit, and generally does not need to increase the guarantor. If the bank feels that the borrower is not in a good position in some respect, it will refuse the loan or ask for additional guarantees. When a young man born in the 90s applies for a housing loan, the bank requires a guarantor on the grounds that his monthly payment exceeds 50% of his income, and there may be a risk of interruption of the payment, so he needs to provide other repayments**.

When the borrower is unable to repay the loan, in addition to the guarantee requested, the bank may also ask for an increase in the down payment or an increase in the loan interest rate. If the lender fails to repay the loan on time, the mortgage guarantor will bear the joint and several responsibility for repaying the loan, and the mortgage guarantee fee is generally the fee paid by the bank in order to avoid the risk of the mortgage, and the lender needs to provide the guarantor's guarantee certificate.

Buyers need to go through the process according to the bank's requirements to apply for a housing loan, and there are some documents that cannot be forgotten to bring in the application process, such as ID card, marriage certificate or single certificate. Different banks have different regulations in this regard. For borrowers with slightly less qualified qualifications, banks often require a guarantor or apply for a mortgage on the property.

During this period, the borrower will be required to pay the relevant fees.

Guarantor liability for a home loan.

1.When the debtor fails to perform the debt, the guarantor shall perform the debt or assume responsibility according to the agreement. Therefore, there is a great deal of responsibility for providing guarantees for others. On the other hand, a mortgage loan with real estate needs to go through the mortgage procedures with the housing management department before it can take effect.

2.After the death of the borrower, the bank may dispose of the collateral or assume it with a guarantor. If there is no guarantor or collateral, the borrower's estate is used to pay off debts.

Guarantor conditions for a home loan.

First, the loan applicant must have a fixed residence or place of business.

second, business license and business license, stable guarantor and ability to repay principal and interest; The third and most important point is that the entrepreneur has invested in a certain amount of its own funds.

Only those who meet the above conditions can apply to the bank, and the information to be provided when applying mainly includes: proof of marital status, personal or family income and property status and other proof of repayment ability; Relevant agreements and contracts for the purpose of the loan; Collateral materials, certificates and lists of ownership of collateral or collateral, and appraisal report of collateral (pledge) issued by the appraisal department recognized by the bank.

In addition to the written materials, it is necessary to have collateral. There are many mortgage methods, which can be movable property and immovable property mortgage, fixed deposit certificate pledge, valuable ** pledge, movable property pledge with strong liquidity, and guarantor guarantee that meets the requirements. The amount of issuance is determined according to the specific guarantee method.

There are many processes for buying a house with a loan, and the various processes required in the middle are also relatively cumbersome. After the down payment is made, you need to borrow from the bank, but for some buyers who do not meet the loan conditions, choosing a guarantor is the first prerequisite to get a bank loan. Through the introduction, the guarantor should also have a deeper understanding of the responsibilities that should be borne by the guarantor itself.

Generally, the guarantor needs to have assets in his name, such as real estate, vehicles, companies, etc.

Legal analysis: The specific conditions required are: 1. It is necessary to have full civil capacity.

Second, you need to have a stable income. 3. Have a permanent residence or valid residence status in a local town. 3. The housing provident fund account has been paid normally for more than 6 consecutive months and there is a contribution amount in the account for more than 1 year.

4. Non-performing debts without provident fund loans. 5. The age of the loan guarantor plus the term of the loan shall not exceed the statutory retirement age.

Legal basis: Article 388 of the Civil Code of the People's Republic of China To establish a security interest, a security contract shall be concluded in accordance with the provisions of this Law and other laws. Guarantee contracts include mortgage contracts, pledge contracts and other contracts with security functions.

The guarantee contract is a subordinate contract of the main creditor's rights and debts. If the principal creditor's rights and debts contract is invalid, the guarantee contract shall be invalid, except as otherwise provided by law. After the guarantee contract is confirmed to be invalid, if the debtor, guarantor and creditor are at fault, they shall each bear the corresponding civil liability according to their fault.

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Now the post-90s generation needs to have a guarantor for home loans, because the bank will consider the risk of the loan, in fact, it mainly wants to see the borrower's conditions. What conditions do mortgage guarantors need, then let's take a look.

What are the requirements for a mortgage guarantor.

1. The mortgage guarantor needs to have a permanent residence or a long-term residence ID card.

2. The mortgage guarantor needs to have a stable income and job, a good personal credit, and a certain ability to repay.

3. The guarantor of the mortgage needs to have a savings account or a provident fund account in the lending bank.

4. If the guarantor of the mortgage is a guarantee company, it needs to have assets approved by the creditor as collateral.

What are the responsibilities of the mortgage guarantor.

If the borrower does not repay the loan, the guarantor of the mortgage is liable to repay the loan. Before acting as a guarantor, it is important to consider that even if the relationship between the guarantor and the debtor is changed, it will still be valid. When the guarantor of the mortgage signs as a guarantee, it is a permanent guarantor.

Under normal circumstances, the borrower repays the loan by himself, and the guarantor does not have to worry about it, and the loan amount and monthly payment borrowed by the borrower will be shown in the guarantor's credit history.

When the mortgage guarantor needs to apply for a loan, all the secured debts will be treated as their own debts, and usually the lending institution will be counted in the debts, which may also affect the loan amount of the guarantor.

The mortgage guarantor needs to have a stable income and job, a very good personal credit, and a certain ability to repay. The guarantor of the mortgage needs to have a savings account or a CPF account with the lending bank. If the guarantor of the mortgage is a guarantee company, it is necessary to have assets approved by the creditor as collateral.

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At present, most people choose to use a loan to buy a house to reduce their burden, but many banks will require buyers to provide a guarantor before the loan will be issued. So what are the conditions for buying a guarantor, and what is the role of a guarantor for buying a house? Now let's take a look.

1. What are the conditions for the guarantor of buying a house?

1. The guarantor of buying a house should have full capacity for civil conduct; 2. Have a permanent residence in the local area, valid residence status, and stable work income; 3. Pay the public provident fund for more than six months, and have a deposit amount of more than 1 year; 4. There is no balance of provident fund loans and non-performing debts; 5. The term of the guarantor shall not exceed the statutory retirement age.

2. What is the role of the guarantor for buying a house?

1. It is not that everyone needs to provide a guarantor to buy a house, but the borrower's conditions are relatively good, if there is a high income, a stable job, and a very good credit, there is no need for a guarantor. If the bank considers that someone's conditions are not sufficient, it will either refuse the loan or ask for a guarantor.

2. If the borrower fails to repay the loan on time in the later stage, then the guarantor needs to perform the corresponding debts and even bear the corresponding responsibilities according to the contract, which means that the guarantor also needs to bear certain risks. In the event of the death of the borrower, the remaining loan will also be transferred to the guarantor.

3. If the borrower has insufficient repayment ability, the bank will not only require the borrower to provide a guarantor, but also require an increase in the amount of the down payment and the interest on the loan. If there is a guarantor for a home loan, if the lender is unable to repay the loan, the guarantor will assume the responsibility of repaying the loan, and the bank will ask for the payment of the guarantee fee.

What are the conditions for buying a guarantor, and what role does a guarantor play in buying a house, I will introduce it here, do you understand? The guarantor of the purchase of a house needs to meet certain conditions and be liable if the lender is unable to repay the loan.

1. The mortgage guarantor needs to have a permanent residence or long-term residence status.

2. The mortgage guarantor needs to have a stable income and job, and its personal enterprise credit must be good, and it must also have a certain ability to repay.

3. The mortgage guarantor needs to have a contract or agreement for the purchase of housing.

4. The mortgage guarantor needs to have a savings account or a provident fund account in the lending bank; And the balance of the deposit shall not be less than 30% of the amount required for the purchase of housing.

5. If the mortgage guarantor is a guarantee company, it also needs to have assets approved by the creditor as collateral.

What are the guarantor's guarantee responsibilities?

1. The scope of the guarantee includes the main creditor's right and interest, liquidated damages, damages and the cost of realizing the creditor's right. If the guarantee contract provides otherwise, it shall be in accordance with the agreement. If the parties have not agreed on the scope of the guarantee or the agreement is not clear, the guarantor shall be liable for all debts.

2. During the guarantee period, if the creditor transfers the main creditor's rights to a third party in accordance with the law, the guarantor shall continue to bear the guarantee liability within the scope of the original guarantee. If the guarantee contract provides otherwise, it shall be in accordance with the agreement.

3. During the guarantee period, if the creditor allows the debtor to transfer the debt, the written consent of the guarantor shall be obtained, and the guarantor shall no longer bear the guarantee liability for the debts transferred without its consent.

4. If the creditor and the debtor agree to change the main contract, the written consent of the guarantor shall be obtained, and the guarantor shall no longer bear the guarantee liability without the written consent of the guarantor. If the guarantee contract provides otherwise, it shall be in accordance with the agreement.

5. If the guarantor of a general guarantee and the creditor have not agreed on the guarantee period, the guarantee period shall be six months from the date of expiration of the performance period of the main debt. If the creditor fails to file a lawsuit or apply for arbitration against the debtor during the guarantee period agreed in the contract and the guarantee period specified in the preceding paragraph, the guarantor shall be exempted from the guarantee liability; Where the creditor has already filed a lawsuit or applied for arbitration, the provisions on the interruption of the statute of limitations shall apply to the guarantee period.

6. If the guarantor and the creditor of the joint and several liability guarantee have not agreed on the guarantee period, the creditor has the right to request the guarantor to bear the guarantee liability within six months from the date of expiration of the performance period of the debt. If the creditor does not require the guarantor to bear the guarantee liability within the guarantee period agreed upon by Hepai Qintong and the guarantee period specified in the preceding paragraph, the guarantor shall be exempted from the guarantee liability.