The term of the relay loan is based on the age of the old or the young

If the borrower is 50 years old, then the borrower's loan period can only be 20 years, and the repayment period exceeds the maximum age limit of 70 years, anyway, the repayer cannot exceed 70 years old.

Relay loan refers to a housing credit product in which a child (or a child and his or her spouse) is the owner of the purchased house, and both parents or one parent and the child are co-borrowers to purchase a house.

This kind of personal housing relay loan means that the borrower applies for a loan term as the main lender that does not match the bank's age requirement for the borrower (for example, 50 years old, the loan repayment period is 30 years, and the repayment period exceeds the maximum age limit of 70 years old), and the borrower's age requirement can be met by adding a co-borrower (the co-owner of the purchased house and the relationship with the main lender is a child).

Hello, to apply for a personal housing "relay loan", you need to meet certain conditions: the parents and children who are co-borrowers have stable occupations and incomes, the sum of the co-borrowers' income has the ability to repay the principal and interest of the loan, and the older parent is not more than 60 years old. With regard to the loan interest rate, if the purchased house is the first house for the child, the interest rate of the first home loan can be implemented.

Therefore, people in the industry generally believe that relay loans are more suitable for home buyers over the age of 40 and young people who have just joined the workforce, whose income is not high for the time being, and who have greater repayment pressure.

Yes. There are restrictions, parents must be up to 65 years old, have a stable job and income, or have a pension. The children need to be over 18 years old, and they may not have a stable job and income, but they must have a better career prospect than the blind, and college students can handle it.

Further information] Relay loan refers to a housing credit product in which a child (or a child and his or her spouse) is the owner of the purchased house, and both parents or one parent and the child are co-borrowers to take out a loan to purchase a house.

This kind of personal housing relay loan means that the borrower applies for a loan term as the main lender that does not match the bank's age requirement for the borrower (for example, 50 years old, the loan repayment period is 30 years, and the repayment period exceeds the maximum age limit of 70 years old), and the borrower's age requirement can be met by adding a co-borrower (the co-owner of the purchased house and the relationship with the main lender is a child).

According to the existing loan conditions, assuming that a borrower is 55 years old, the loan amount applied for is $500,000. The maximum term of the loan can only be 15 years, with an annual interest rate, and the repayment method of equal principal and interest is adopted, and the total repayment of principal and interest within 15 years is about 10,000 yuan, and the monthly repayment amount is about 3,964 yuan. This is undoubtedly a huge financial burden for the elderly who are about to retire.

After taking a relay loan, if the main lender's child is 20 years old, is studying in college, and is a co-owner of the purchased house. By adding their children as co-borrowers, the original loan tenure can be extended from 15 years to a maximum of 30 years.

Advantages: The borrower's age and loan term can be appropriately extended, without being subject to the prescribed upper limit.

Disadvantages: There may be disputes between parents and children over the ownership of the house, or between heirs over the disposal of the estate.

Applicable people: buyers over the age of 40 and young people who have just joined the workforce, whose income is not high temporarily, and who have greater repayment pressure.

Eligibility. Applicant's qualifications:

1) The borrower has a stable occupation and income, and is expected to have a stable retirement income;

2) The borrower designates one of his children as the sole joint repayer of Qinghong for the purchase of the house, and the designated joint and several repayer promises to "be responsible for the agreed obligations of the loan contract to the borrower and the mortgagor, and not to revoke the mortgage before the repayment of the principal and interest of the loan."

Yes. When the relay loan requires the parents to be the co-repayer, the age cannot exceed 60 years old, and the loan term + the age of the co-borrower is not more than 70 years.

Because when the borrower borrows, the bank will review the borrower, and the parents, as co-repayers, also need to review and investigate the parents' work unit, income flow, etc., if they are too old, then the bank may think that the parents have no ability to repay, and may not pass the borrower's loan review.

Conditions for Parent Relay Loans.

1. The conditions for parental relay loans first have certain requirements for the age of parents, and some banks stipulate that lenders can only lend to 80 years old, and they need to be under 60 years old when applying for loans.

2. Parents need to have a stable job at the same time to apply for a relay loan, because they need to provide salary flow to the bank.

3. At the same time, it is necessary to ensure that the personal credit report is good.

2. The purpose of the relay loan.

1. Relay loans are generally used in the case of borrowing money to buy a house.

2. However, second-hand housing is not able to handle relay loans, so the pressure to buy second-hand housing is relatively great, and everyone must consider it carefully.

3. It is not possible to use provident fund loans with relay loans, so everyone must pay attention to this aspect.

3. What are the materials that need to be prepared to apply for a relay loan?

1. To apply for a relay loan, you must hold a valid ID card, household registration book, single certificate, loan application, etc., and apply to the relevant departments.

2. When applying for a relay loan, you also need your own credit report, if the husband and wife handle the relay loan, then you need the credit report of both husband and wife, as well as the identity certificate of both husband and wife.

3. To apply for a relay loan, we also need to prepare a credit report, so when we usually use a credit card, we must not have the phenomenon of black accounts, otherwise the bank will not give a loan, and the bank will suspect personal credit problems.

Legal basis: Article 7 of the Company Law.

For a company established in accordance with the law with a business license, a business license shall be issued by the company registration authority. The date of issuance of the company's business license is the date of incorporation of the company. The company's business license shall indicate the company's name, address, registered capital, business scope, name of the legal representative and other matters.

If there is a change in the items recorded in the company's business license, the company shall go through the change registration in accordance with the law, and the company registration authority shall renew the business license.

After the buyer applies for a personal housing loan, the buyer can repay the loan as soon as possible by letting his children repay the mortgage together.

To a certain extent, because the real estate in many cities is very poor, this has directly led to the gradual lowering of the threshold for buying houses in various regions, and some places will even introduce measures to let farmers and the elderly buy houses. At the same time, banks are also appropriately relaxing the requirements for home buyers to apply for personal housing loans, and if a person is unable to repay the personal housing loan, this person can let his parents or children repay the mortgage together. Although this measure can allow more people to buy their own homes, there is a general negative attitude towards it, and many people will also think that this kind of relay loan is completely immoral.

The mortgage of the bank needs to be repaid until the age of 90.

When a homebuyer applied for a personal home loan, the buyer said that his parents were over 70 years old and asked if his parents could apply for a personal home loan. The staff of the bank said that the 70-year-old can also apply for a housing loan, but because the loan term is 84 years old, the elderly can only apply for a 14-year personal housing loan, so the children of the elderly need to help the elderly repay the mortgage together. <>

The essence of this method is a disguised relay loan.

You can try to understand it this way: the reason why many banks will launch this kind of relay loan is nothing more than because the bank wants to attract more high-quality users in this way, and this method can also help various cities to vigorously sell local real estate, so as to stabilize the local real estate. For many cities, it seems that they have forgotten about the risks of applying for a mortgage.

At the same time, the maximum number of years to apply for a personal housing loan is 84 years. When a home buyer applies for a personal housing loan, the buyer needs to take 84 minus his actual age, and the remaining age is the repayment period of the personal housing loan that he can apply for.

The purpose of the relay Shouwu loan is just to let the current crowd consume more, which can be regarded as one of the means to continue to exploit people, and the loan term still has a certain number of years, generally 30 years and 40 years.

The relay loan must be made by one's immediate family members as the guarantor, because this can relieve the pressure on the parents, and the children can repay it if they can't pay it back, which is quietly a hail of loan years.

The relay loan is a pilot project for the purchase of elderly families who have no housing and no loans on the way, and the down payment ratio of 35% for ordinary housing and 40% for non-ordinary housing can enjoy preferential policies. And the application is made by the children to borrow together.