Now most people deal with the purchase transaction, they will think of handling it through loans. Although this solution can solve the problem quickly, it will lead to a series of problems in subsequent repayment. As long as the borrower fails to repay the loan in time, all kinds of harm will gradually expand. Now many people are worried about this after losing their jobs. What if they can't pay their mortgage after they lose their jobs? What are the precautions for handling a mortgage?
What should I do if I can't pay my mortgage after I lose my job?
1, the mortgage is not settled after unemployment. Borrow money from relatives and friends for emergency, and don't cut off the mortgage.
If you don't repay the mortgage temporarily because of an emergency, you can tide over the difficulties in a few months, then don't rush to sell the house. You can borrow money from relatives and friends first to get through this difficult period. Don't think about cutting off the supply. It's not feasible not to go at that time.
2. After unemployment, the mortgage has not been repaid, and banks are not allowed to apply for deferred repayment.
If you can't repay the mortgage on time, you can not only borrow money from new friends to tide over the difficulties temporarily, but also submit a written application to the loan bank to extend the loan period. The longest delay period cannot exceed 30 years, so the repayment amount will be much reduced and the repayment pressure will be much less.
What are the precautions for handling a mortgage?
1. Precautions for mortgage handling: When banks evaluate the repayment period of mortgage for borrowers, they should first take age as the basis. Generally speaking, under the premise of meeting the loan conditions, the younger the age, the longer the loan period, and the older the age, the shorter the loan period. Under normal circumstances, "the lender's age+the loan period does not exceed 65 years" is the loan period that the bank can handle for it.
2. Precautions for mortgage handling: When the lender buys a house, the "age" of the purchased property will determine how many years it can borrow. According to the regulations of the bank, it is easier to get a loan for a property with a newer room. For example, the second-hand houses with a construction period of 10 years have good conditions in all aspects, and banks are willing to speed up the approval of housing loans with this period. However, in the 1970s and 1980s, second-hand houses were relatively old, and the loan risks controlled by banks were relatively high, so banks were very cautious in approving loans for such houses.
What if the mortgage is not paid after unemployment? What are the problems in handling mortgage? Mortgage is not a common phenomenon. There are many ways to deal with this situation, but all of them must be repaid on time. Therefore, the preparatory funds must not be less. Everyone must take this into account before applying for a mortgage, and just observe the effect of other precautions properly.