What are the reasons why the mortgage is not passed?
1. There is a record of overdue repayment.
The borrower's personal credit report is an important reference when handling loans. If the report shows that the borrower has a recent record of overdue repayment, then the possibility of loan rejection is very high. If the borrower is overdue for a few times and the amount is small, there is still hope to get a loan, but the loan ratio will be reduced and the loan interest rate will be increased.
2. Incomplete loan information
One of the conditions for a successful loan is that the information provided by the borrower must be complete, because if the information provided by the borrower is incomplete, the bank will also refuse the loan.
3. The loan information is untrue
Some buyers are worried about their low income and low loan amount, so they think of submitting false information. However, if the bank finds out, the loan will definitely be rejected and may be blacklisted.
4. Weak repayment ability
The success of the loan has a great relationship with the borrower's repayment ability. If the borrower's repayment ability is insufficient, then banks need to take higher risks and the probability of refusing mortgage loans will increase.
5. Too much debt
The lender's monthly payment should not exceed 50% of the family's monthly income. If this limit is exceeded, the loan may be rejected. Even if you can get a loan, the loan amount is not high.
The specific process of mortgage loan handling
1, determine the lending bank.
Before the borrower applies for a loan, the bank needs to review the real estate that intends to provide personal housing loans. The operation process of real estate review is: developer application → project investigation → examination and approval → signing project cooperation agreement → post-loan supervision.
2. Apply for a loan and submit materials. The purchaser shall, within seven days from the date of voluntary payment, provide materials that meet the requirements of the mortgage bank, directly apply to the developer's cooperative bank for mortgage loan, and fill in the application form for mortgage loan.
3. Acceptance and review by banks. After receiving the materials, the bank will investigate the authenticity of the materials and the borrower's ability to repay the principal and interest of the loan, and determine whether to lend and the amount and duration of the loan. The main contents of the review include: the authenticity of the purchase behavior, whether the house price is reasonable, the borrower's ability to repay the loan principal and interest, and whether the mortgage guarantee is sufficient and effective.
4. Sign a loan contract. After review by the loan review department, the loan amount and term can be proposed, and individual housing loan contracts can be signed with the borrower and the developer, and directly reported to the authorized approver for approval.
5 mortgage (pledge) registration, insurance and notarization procedures.
6. Bank approval and loans. After the borrower completes the procedures of home insurance, notarization and mortgage pre-registration, the bank can issue loans.
7. Repay on schedule. In the future, as long as the borrower leaves enough repayment amount in the deposit account or bank card every month, the loan bank will automatically deduct it from the borrower's account and settle it all at maturity.
8. After repayment, the mortgage registration shall be cancelled.