What should I do if my mortgage loan has not been approved for several months? These methods may work!

As people’s living conditions get better and better, buying a house has been put on the agenda of many people. For most ordinary people, if they want to buy a house in a big city, a loan is the best choice. But applying for a mortgage is not easy. What should I do if my mortgage is not approved for several months? These methods may work!

What should I do if my mortgage loan has not been approved for several months?

1. Increase the down payment ratio. In the context of the current real estate market, the bank's mortgage quota ratio is also very tight. With so many users applying for mortgage loans every day, banks will definitely give priority to those with better qualifications. If a user fails to get approval from the bank after applying for a mortgage, he or she may consider telling his or her account manager that the down payment ratio can be increased. After all, a bank is essentially a financial institution, and it also needs to bear risks when approving loans. The longer the loan period, the greater the lender's overdue risk. If the lender is willing to increase its down payment ratio, the risk that the bank needs to bear will become smaller, and the user's repayment pressure will also be smaller.

2. Accept high interest rates. If the user's qualifications are not very good among those applying for a mortgage, then you can consider agreeing to a high mortgage interest rate. Banks are not charitable institutions and need to make profits, and loan interest rates have always been one of the main sources of income for banks. If a user is willing to accept a high mortgage interest rate, the bank's approval speed for the user's mortgage will be faster, and the likelihood of approval will increase.

3. Change the developer. Sometimes it’s not that the bank is suppressing the user’s mortgage application and not approving it, but that the bank is unable to approve the home after inspecting the user’s purchase. Because some properties under the name of developers may have incomplete certificates and poor qualifications, developers are stepping up their efforts to apply for certificates. Under such circumstances, it is difficult for banks to apply for home loans to users. The above is the sharing of relevant content on "What to do if the mortgage loan has not been approved for several months". I hope it can help everyone! What should I do if my mortgage loan cannot be approved? Try these ideas!

Although the housing loan market is very hot now, and many people plan to buy a house every day, the review of housing loans is very strict, and there may be cases where the loan is not approved, so what should we do? Let’s understand these fallback options first so as not to be caught off guard when the time comes.

1. Reapply. In fact, if your first application fails at many banks, you may be asked by the credit manager to tell you the reason for the failure, and you can try to save it. Therefore, you can first communicate with bank staff to understand why your loan has not been approved for a long time. If it is because of problems with your credit report or bank flow, you can increase your down payment amount and reduce the amount of the loan you applied for before, and then apply for a loan with the bank after preparing all the information.

2. Change bank This is also a method, but many developers have designated banks, so it is recommended to communicate in advance. Therefore, if a home buyer applies to the first bank but does not receive feedback, he may as well change banks. Each bank has different application thresholds. Maybe he can apply successfully with another bank.

3. Find a guarantee company. If you really want to buy a house, but the bank does not approve it, and you cannot meet the requirements, then at this time the home buyer can find a guarantee company for a loan. However, it should be noted that the fees you need to pay for a loan from a guarantee company are definitely much higher than those from a bank, because in addition to the handling fee, the guarantee company also needs to pay guarantee fees, interest fees and other fees. All in all, there are many reasons why a mortgage cannot be approved. It is best to do your homework in advance, submit enough information at once, and optimize your personal qualifications. What should I do if I can’t get the mortgage loan? Can I change banks?

If I can’t get the mortgage loan, I can try the following methods:

1. Try changing the loan bank: If the user is applying The bank has not approved the mortgage. You can try another bank.

Different banks have different loan review and regulations. You may be able to get a loan from another bank;

2. Remedial loan: Users can first consult with a bank clerk to understand why their loan is not available. Approved. If the loan is not approved due to the user's own credit, liabilities, etc., the user can apply for the loan amount, increase the down payment, and then submit the information to the bank. What to do if the mortgage loan approval is not approved? Home buyers can try these methods and the results will be good!

When home buyers go to the bank to apply for a mortgage, they need to submit a large amount of personal information for the bank to approve. In addition, the bank's mortgage loan process still needs to go through many hurdles, and it is not easy to pass the mortgage loan approval. What to do if the mortgage loan approval is not approved? Home buyers can try these methods and the results will be good!

What to do if the mortgage loan approval is not approved?

1. Increase salary flow. In principle, the salary flow of home buyers should be more than twice the monthly mortgage payment. The reason why many home buyers' mortgage applications are rejected is because there are other loans on their credit reports, resulting in high debt ratios. Banks are worried that the risks of home buyers are too high. Home buyers can find ways to increase their salary flow, such as including social security, provident fund, sideline income, etc. On the one hand, it can reduce your debt ratio, and on the other hand, it can also increase your image and trust in the bank.

2. Increase the number of co-lenders. If the home buyer fails to get approved for the mortgage loan, the home buyer can find a way to increase the number of co-lenders. ***The more borrowers there are, the less risk a bank needs to bear. However, it is more particular about who the lender is, usually children, parents or spouses. If the home buyer's parents have good credit and stable income, the mortgage amount the home buyer can apply for will also increase a lot.

3. Reduce the loan amount. If the home buyer's mortgage application is rejected, it means that the bank feels that the risk of the loan is relatively high. If the home buyer has the financial conditions, he or she can increase the proportion of down payment and reduce the loan amount. After the loan limit is reduced, the risk that the bank needs to bear becomes smaller, and the probability that home buyers can apply for a mortgage loan will increase. The above is the sharing of relevant content on "How to remedy failed mortgage approval". I hope it can help everyone!