If the mortgage flow is not enough, can I ask a friend to guarantee it? Pay attention to these matters

;? When applying for a mortgage, the bank statement provided by the lender plays a vital role in the approval of the mortgage. If there is no bank statement or insufficient statement, the mortgage may be rejected. But you can try to find someone else to vouch for you. So, can the guarantor be a friend of the lender? Let’s take a look below.

Can I ask a friend to guarantee my mortgage? Each bank has no specific restrictions on who can be a mortgage guarantor. It can be relatives of the lender, such as parents, brothers, sisters, and other relatives; it can also be friends, colleagues, etc. of the lender. However, no matter who you choose to be the guarantee, you must meet the following basic conditions: 1) You must be jointly and severally responsible for the mortgage, and repay the loan when the borrower is unable to repay the mortgage. After the repayment, you can seek repayment from the lender. ; 2) Must have the ability to repay, which must be judged from the guarantor's income, liabilities, salary flow, etc.; 3) The household registration must be consistent with the borrower's household registration, and it must be the local household registration in the loan place; 4) It cannot be retired For personnel, even if they receive retirement pension every month, it is not enough. 5) The credit must be good, especially there must be no overdue payments in the past six months.

Warm reminder: Depending on the nature of the mortgage loan, the loan guarantor may have other requirements. For example, the provident fund loan guarantor must also pay the provident fund continuously for more than six months, and has no provident fund in his name. loan.

Summary: To sum up, if the mortgage flow is not enough, as long as friends meet the above guarantor conditions, they can guarantee the loan. It’s definitely good if friends are willing to help, but don’t cheat them. You must inform the guarantor of the responsibilities and risks in advance. For example, if the borrower is unable to repay, the guarantor must repay the loan for them. Otherwise, overdue loans will also affect personal credit; And if it is a provident fund loan, the guarantor cannot apply for a provident fund loan until the borrower has paid off the mortgage. Can you find a guarantor for a house loan?

Legal analysis: You can find a guarantor for a house loan. The guarantor can be a friend, relative, or colleague. Having a guarantor will make it easier to pass the mortgage review. Of course, the requirements for commercial loan guarantors and provident fund loan guarantors are different. For example, for provident fund loan guarantors, the guarantor must also continuously contribute to provident fund for more than six months, and there must be no provident fund loan in his name.

Legal basis: Article 692 of the "People's Republic of China and Civil Code" The guarantee period is the period during which the guarantor assumes the guarantee liability, and no suspension, interruption or extension will occur.

The creditor and the guarantor may agree on a guarantee period, but if the agreed guarantee period is earlier than the main debt performance period or expires at the same time as the main debt performance period, it will be deemed that there is no agreement or the agreement is unclear. Six months from the expiration of the principal debt performance period.

If the creditor and the debtor do not agree on the main debt performance period or the agreement is unclear, the guarantee period shall be calculated from the expiration of the grace period in which the creditor requests the debtor to perform the debt. Can I get a guarantee for a house purchase loan if my credit report is not good?

If you have problems with your credit score for buying a house, you cannot ask a guarantee company for guarantee. If you have a bad credit report, you generally cannot apply for a mortgage with a guarantee company. On the one hand, the mortgage policy is relatively tight, and banks are strict in their approvals. A poor credit report is a taboo, and you will basically be refused a loan directly; on the other hand, the guarantee company They will not be willing to provide guarantees to people with poor credit reports because the risks are too great. In addition, the mortgage review is the result of the bank's independent assessment, and the guarantee company only provides joint and several guarantees to reduce bank lending risks.

Before applying for a loan, it is recommended that users go to Yingxin Kuaicha to check personal credit big data and check loan records to see if they are overdue, sued, blacklisted, etc.

Extended information:

What situations affect credit reporting?

1. Overdue credit card payments

Overdue credit card payments affect personal credit reporting, yes It is common in our daily life that using credit cards for consumption has become a living habit for everyone. However, if the credit card is overdue many times or the amount of overdue repayment is large, or personal loans, student loans applied for during college, etc. are not available, Timely repayment within the prescribed period will affect personal mortgage loans and car loans.

2. Default on bank loan

If the borrower has successfully obtained a loan from the bank and fails to repay the loan in full and on time as stipulated in the contract, it will leave a stain on his credit. Applying for a home loan again is difficult.

3. Being a guarantor will cause stains on the credit report

If the home buyer provides a guarantee for a third party, and the third party fails to repay the loan on time, it will also cause the guarantor's credit report to appear. stain.

4. Excessive debt

When banks approve loans, they will also inspect the borrower's debt situation. If the personal debt ratio is high and reaches more than 70% of personal income, the bank will Their repayment ability will be questioned, and it will be difficult to apply for a loan. What to do if the mortgage loan approval fails

1. Positive answer

If the mortgage loan approval fails, you can try the following solutions.

2. Specific analysis

1. Apply for a mortgage loan from another bank.

If you feel that your qualifications are not too bad, but the mortgage loan approval was not approved because of the tight credit limit of the original lending bank, you can try to change a bank to apply for a mortgage. As long as your qualifications meet the bank's requirements, this is fine. There will be no problem.

Here you need to confirm that your qualifications are relatively good. If there is a problem with your qualifications, even if you change the lending bank, you will still fail to get the mortgage approval.

2. Increase the down payment ratio.

If it is because your income does not meet the bank’s requirements, you can increase the down payment ratio, so that you can apply for less mortgage loan and reduce the monthly payment. The monthly payment will reduce the bank’s income flow requirements in the future. Naturally it will also decrease.

3. Buy a house with a lower total price.

In the case of insufficient income, increasing the down payment ratio will increase expenses. Therefore, the financial ability may not support increasing the down payment. In this way, you can try to buy a house with a lower total price, so that the original down payment is not enough. Under the premise of changing the situation, the bank loan limit can be reduced, and the bank's requirements for its own income flow can also be reduced.

4. Change the primary lender of the mortgage.

When a couple applies for a mortgage when buying a house, the bank will check the credit report of both spouses. If one party has a problem with his credit report and is the primary lender, it will have a greater impact on the mortgage approval. , in this case, the couple can discuss changing to another one with a better credit score as the primary lender to apply for a mortgage, so as to increase the mortgage approval rate.

5. Improve your qualifications.

You can improve your overall qualifications by increasing your income, reducing your debt ratio, etc., so that your conditions meet the requirements for bank mortgages, and you can apply for a mortgage from the bank after your qualifications become better. .

6. Reorganize loan information.

If the mortgage approval fails due to problems with the loan information, you need to ensure that the loan information is detailed and detailed. Any errors or omissions in the loan information must be corrected or supplemented according to the bank's requirements. In addition, You also need to ensure that the loan information you provide is not false.

7. Find another developer.

Sometimes it is not the only reason why the mortgage cannot be approved when buying a house. If the corresponding developer certificates and qualifications are incomplete, it will also lead to the failure of bank approval. For example, the property has not obtained a pre-sale certificate or the developer has risk exposure. Due to compliance requirements, banks will not lend money to projects with incomplete documents.

In this case, you can find some houses launched by large developers with excellent qualifications and complete documents. This will not only facilitate loan approval, but also try to avoid the risk of house delivery.

8. Find a third party to guarantee yourself.

If your qualifications make the bank have some concerns, you can contact the bank to inquire whether you can find some third parties with better qualifications to guarantee the loan for you. The higher the guarantor's income and the more stable the job, the bank will agree. the greater the possibility.

9. Choose to buy a house with full payment.

If you really fail to pass the mortgage approval, you can choose to purchase the house in full if your financial conditions permit. Of course, this requires your own financial ability.

It can be seen that there are many reasons why the mortgage loan cannot be approved. Different reasons also have different solutions. In order to avoid causing trouble to yourself if the mortgage loan is not approved, you should do it in advance before applying for a mortgage loan. consult.

If you are unclear about your debts and online loan data, you can get an online loan big data report from Beijian Quick Check, regarding online loan application records, overdue details and blacklists Detailed information is provided.

3. Will money be automatically deducted for housing provident fund offset loan repayments?

The provident fund’s offset loan repayment is automatically deducted. As long as the provident fund account balance is sufficient and an agreement for offset loan repayment is processed, the provident fund center will automatically deduct the current bill before the repayment date expires. No need to take the initiative Perform operations.

You can use the Provident Fund to repay the principal and interest of the mortgage. However, when handling the offset loan repayment, the following conditions need to meet the requirements of the Provident Fund Center.

1. Good credit report.

2. The provident fund account balance is sufficient.

3. The provident fund account status is normal.

4. The provident fund has been paid continuously for 12 months.

5. Signed an agreement to offset loan repayments.

After signing an offset loan repayment, it does not mean that you don’t need to worry about it. If the monthly provident fund payment is lower than the monthly repayment amount, this situation will cause the provident fund account balance to become smaller and smaller. Therefore, You need to keep an eye on the balance of your provident fund account at all times. If you find that the balance is not enough to repay the current mortgage, you need to make up the shortfall in time to avoid overdue payments.