Can serviced apartments be mortgaged?

Serviced apartments can be mortgaged. Serviced apartments belong to a category of commercial real estate and can apply for bank mortgage loans. The mortgage rate is about 70% of the appraised value, and the term is up to 10 years depending on individual circumstances. In fact, as long as the property rights are clear and the real estate certificate has been obtained, it can be used as collateral. To apply for a house mortgage loan, the house provided by the borrower must meet the bank's mortgage loan requirements. If the borrower's house does not meet the bank's mortgage loan conditions, it cannot be applied for.

Serviced apartment mortgage loan conditions

1. The apartment used as collateral must be a personal residence, otherwise the lending institution will not accept it. Many institutions only accept residential apartment mortgages.

2. The area of ??the apartment complies with bank regulations, is in a good location, and has certain liquidity.

3. The borrower has a good credit record and is not overdue or overdue.

4. Have certain repayment ability, and the debt ratio should not exceed 50%.

5. The property rights are clear and there are no disputes.

6. The borrower’s credit is good and there is no default or current overdue payment.

7. The debt is not high, the actual debt does not exceed 70%, and the company has certain repayment ability and willingness.

What to pay attention to when applying for a mortgage loan

1. Pay attention to the property rights of the house

Not all houses can apply for mortgage loans. First, everyone must understand the property rights of the house. Whether there is any problem with the property rights, the bank strictly requires that the house for mortgage loan must meet the conditions stipulated by the state to be able to be traded in the real estate market. For example, small-property houses do not have title certificates. Banks do not support mortgage loans for small-property houses. For those who want to buy small-property houses, they need to pay the full payment, which is quite stressful.

2. Pay attention to bank loan requirements

Banks also have requirements for lenders. In order to ensure that the money they lend can be recovered in time, the bank will focus on the repayment of the lender. ability. Generally, banks require borrowers to have stable economic income, good credit, the ability to repay, and no illegal behavior or late repayment records. For example, some lenders have poor personal credit and have overdue repayment records, which will affect the mortgage loan application.

3. Pay attention to the repayment method

There are two main repayment methods for bank mortgage loans, the equal principal repayment method and the equal principal and interest repayment method. The advantage is that borrowers can accurately grasp the monthly repayment amount, which makes it easier for them to make reasonable arrangements for their monthly income and expenses. The equal-amount principal repayment method is more suitable for lenders with strong repayment ability in the early stage of repayment, because the equal-amount principal repayment method has a relatively large amount in the early repayment and the repayment pressure is also high.