What does the three-piece set of mortgage procedures mean?
2 Answers
Mortgage car procedure three-piece set refers to mortgage video, mortgage photos, and transfer records. Relevant introductions are as follows: 1. Mortgage cars are divided into fully paid mortgage cars and non-fully paid mortgage cars: Fully paid mortgage cars generally have the car loan already paid off, but the owner is unwilling or unable to repay the financial company's funds and does not cooperate with the transfer, so the financial company will legally transfer the debt, making such mortgage cars safe to purchase. Non-fully paid mortgage cars refer to vehicles that are still under mortgage status with the vehicle management office and the bank, and the owner privately sells such cars. These cars cannot be purchased and are illegal. 2. To check whether a vehicle is a mortgage car: You can inspect the motor vehicle registration certificate for the content regarding mortgage registration. If the last mortgage registration has been canceled, it means the vehicle's secured debt has been fulfilled, and it is no longer a mortgage car, thus can be purchased.
Last time when my neighbor was handling a car loan mortgage, we talked about this. The 'three essentials' refer to the three core documents required for the application: identity proof, such as the original ID card and its copy, to confirm your real identity; income proof, like pay slips or bank statements, to show your repayment capability; and vehicle proof, such as the vehicle license and registration certificate, to prove the car is in your use. Without these, the lender won’t approve the loan. I once had a friend who had to make an extra trip and delayed for a few days just because he forgot to photocopy his ID. Preparing the three essentials not only speeds up the approval process but also avoids procedural hiccups—it’s a crucial step in risk management. I suggest checking the lender’s specific checklist before each transaction, keeping your documents updated, and backing up electronic copies in case of loss.
