2. Repayment ability: Repayment ability determines whether you can afford the loan. So the bank will ask you to provide proof of income, bank running water and so on.
3. Number of borrowers: Because some mortgages are borrowed by two or even three people, it is essential for banks to review not only the qualifications of the main lenders, but also the qualifications of the sub-lenders.
4. Lender's occupation: the job is stable and safe, and people with high income will be more favored by banks.
5. Personal credit: Personal credit is an indispensable key point in the loan process. If the lender's personal credit is good, it means that this person's repayment habits and personal conduct are excellent, which will make the bank pass the audit quickly.
What is the process of buying a house with a loan?
1. Choose a suitable house according to the economic situation: choosing a house is a key step. Before buying a house, buyers should clearly understand their own strength, calculate the total price of the house and the savings they can pay the down payment, and then calculate the amount of loans they need from the bank. According to the calculation results, they should choose affordable and suitable houses. When choosing a house, they should know all aspects of the house clearly.
2. Signing a house sales contract: I believe that most buyers have a * * understanding. The most important link in the process of buying a house is to sign a house sales contract. Both buyers and sellers should put their rights and obligations into words, especially the key terms such as the area of the house, payment method and property status.
3. Submit a mortgage loan application: Generally, each property has a cooperative bank. After signing the contract, property buyers can apply for a loan directly from the bank of the property contract, which can be regarded as omitting the steps of finding a bank. Therefore, after determining the housing, consult the relevant banks, learn about the relevant provisions of mortgage loans from the banks, prepare the documents required by the banks, fill out the mortgage loan application form and submit it to the banks for review.
4. Waiting for the results of the bank audit: the process of buying a house by loan is complicated, so everyone should wait patiently for the results. Generally, after the buyer submits the application, the bank will review the credit status and repayment ability of the buyer. If the audit fails, the bank refuses to issue loans, and the buyers have to find another way. It is likely that most people can't find the source of funds and eventually have to give up buying a house.
5. Sign a loan contract: If the bank approves it, the buyer needs to sign a loan contract with the bank, and we need to pay various fees for mortgage and insurance. This step is time-consuming and the bank needs to review it. How long will it take? Every place and bank are different. Then the buyers need to wait for the notice to go to the bank for a face-to-face interview and wait for the bank to verify the materials. After verification, the bank will inform the buyers to take the materials to the Housing Authority for mortgage.