If it is the developer's reason, such as the developer selling houses that are not qualified for sale, that is, the developer has not obtained the pre-sale permit or sold existing houses that are not qualified for use, the bank will not approve the loan when reviewing this situation. At this point, the buyer can ask the developer to refund the down payment and deposit, and ask the developer to pay the corresponding interest loss;
Of course, it may also be the reason for the buyers, such as the untrue information provided by the buyers or the poor credit record of the buyers, which leads to the bank not approving the loans, and the buyers have to bear the liability for breach of contract;
If there are no problems in both aspects and the mortgage has not been approved, there may be changes in government policies or bank regulations. In this case, the property buyers should negotiate with the developers, and the negotiation fails, and there is no agreement on the contract. Property buyers can sue to prove that they are not at fault and are really unable to buy a house, and ask the developer to repay the down payment and deposit.
Next, I will focus on personal reasons. Why can others borrow money to buy a house, but you can't get the bank's approval? The most critical part may be that there is something wrong with your credit report.
So what credit records will banks record? What should I pay attention to when applying for a mortgage to avoid rejection?
Generally speaking, the following parts of the credit report may affect your mortgage:
First, credit status and wages.
When a married person applies for a loan, the bank will also check the credit status of the spouse. As a close party, the spouse's credit status is also directly related to the bank's evaluation of the lender. If the spouse's credit status is poor, the bank will think that the spouse is likely to drag down the borrower's financial situation.
The person who leads the salary of selling cabbage is obviously moonlight, but the person who drives an expensive luxury car is likely to be refused a loan by the bank. Unless you are a rich second generation, backed by strong assets, or in the eyes of banks, such business risks are too high and there is a great possibility of bad debts.
Second, credit card overdue repayment.
Overdue repayment is the most common credit stain. Overdue repayment can be divided into unintentional and intentional. It is understandable to be punished or leave a bad record for intentional overdue repayment. Unintentional, such as careless repayment, missing a few cents or forgetting the repayment time, leaving a bad record in the bank and being refused a loan, is equivalent to being sentenced to death.
Don't think you are smart. Without knowing the fixed repayment date of each month and the habit of bank deduction, the repayment date is still "pinched" (for example, the bank deducts money on the morning of the repayment date, but the cardholder is used to repayment in the afternoon). In this case, the bank is likely to think that you have no repayment consciousness and refuse the loan.
Third, excessive debt or dishonest flow.
Debt level is also an important content for banks to examine loan applicants. Only when the debt level cannot exceed 50% of the total household income will the bank agree to mortgage loans. However, different banks have different risk control standards, and the specific amount needs to be consulted.
Being sentenced after a traffic accident, refusing to fulfill the obligation to repay the road traffic accident relief fund or evading tickets frequently in the subway. People in this situation will be regarded as serious traffic dishonesty by banks, and it is even more difficult to get a loan.