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Mortgage Loan
Mortgage Loan Service & Process
Phase I

Pre property search

  • Determine the total amount of loan available based on the client's residence, employment status, net income and so on. Suggest a price range for property search.
  • Provide professional guidance on property search given the price range, and client's needs.
  • Introduce the process of buying and getting a mortgage loan, and plan a time schedule for buying
Phase II

Post property selection

  • Fill out an information form to allow the mortgage broker to get a full understanding of the loan applicant and the property
  • Arrange in-person appointments to discuss and select the best loan strategy and banks
  • Walk through the requirements and documents for the loan application
Phase III

Material preparation

  • The client prepares the required documents for the loan with the help of the loan agent
  • The client can give the contact information of the seller to the mortgage broker, who can directly contact the seller for property materials (optional)
  • The mortgage broker collects, organizes and checks all the documents and sends them to the lender (bank)
Phase IV

Post bank review

  • The client receives the real estate loan contract and various documents from the bank
  • The mortgage broker explains the key parts of the loan agreement and the various documents to the client
  • The mortgage broker walks through the process of the contract signing, the fund release from the bank, and the repayment of the loan.
Documents that can be prepared in advance
  • Identification, e.g. passport, residence permit
  • Income information, e.g. income statements from last three months, salary statement from last December
  • Assets information, e.g. bank statements of savings
  • Rentenbescheid (pension statement) is required if you choose a long-term mortgage loan, where the loan will be repaid after retirement at age 67
  • Other necessary documents include owned properties, other income, life insurance, etc.
  • Employment contracts, proof of employment, tax returns and so on may be required by some banks
  • Financial statements of business from at least last two years, if the borrower is a business owner or a freelancer