How many years is the term of the apartment loan?

The loan period of the apartment cannot exceed 10 year, and the apartment is a 40-year property house with a down payment of more than 50%. Loan term: Commercial houses such as serviced apartments can only use commercial loans of 10 year at most, and other houses are mostly half a year or one year.

Can I apply for an apartment mortgage?

1. The borrower must meet the following conditions at the same time: it has legal status; Have a stable economic income, good credit and the ability to repay the principal and interest of loans; There are legal and effective contracts and agreements for the purchase and overhaul of houses and other supporting documents required by the loan bank.

2, have purchased (overhaul) housing more than 20% of the total self-raised funds, and ensure that used to pay the down payment of the purchased (overhaul) housing; There is an asset mortgage or pledge recognized by the loan bank, or (and) a legal person, other economic organization or natural person with sufficient compensation ability as the guarantor. Other conditions stipulated by the lending bank.

What types of apartments are there?

1, tong residential apartment.

Residential apartment, 70-year property right, small apartment area, 30-60 square meters; Fine decoration delivery standard, you can carry a bag to stay. The supporting facilities are perfect, the property management provides additional quality services higher than ordinary houses, and the sales price is generally higher than the overall level of the region.

2. Commercial and residential apartments.

Business apartment, 40-year property right, is generally located in the core area and business center of the city. It can live and work, and has the function of an office building. In some cities, companies can be registered. The price is lower than that of the office building, the down payment is as low as 20%, and the mortgage is 20-30 years. Property rights are business apartments, not pure office buildings.

3. serviced apartments.

Business apartment, with 40-year property rights, is relatively small in area, with the main apartment type of less than 90 square meters, high in decoration grade, mostly located in the downtown area of the city and around the business circle, with convenient transportation. Generally speaking, it is mainly rented, not sold, and operated by property rights. Most of them employ internationally renowned brand property management companies, and professional hotel management groups provide professional, meticulous and scientific hotel-style services, so property management fees are also high.