If the loan is not approved after the down payment, you must try to make up that part of the loan. Property buyers must first confirm with the bank why the loan cannot be approved. If it's my credit or running water, ask me if I can make up the running water again. Some banks may also offer to buy some wealth management products to increase their credit. It is suggested that credit can be improved through other assets or certificates of deposit, and the down payment ratio can be increased to reduce the loan amount, and then apply to the bank.
2. Consult more banks:
The loan policies and requirements of each bank are different. When making a loan, you should apply for a loan from some banks with looser conditions. Before applying for a loan, buyers can learn more about the specific requirements of several banks to apply for a mortgage. If the first lending bank doesn't reply, they may want to change banks. Every bank has its own mortgage policies and regulations. If you only fail to apply for a loan at one bank, you can choose another bank to try. Maybe you can get a loan from a bank with a loose loan policy, so that when the loan fails, buyers can try to change to another bank.
3. Find a guarantee company:
It is a last resort to find a guarantee company to solve the urgent need. After all, looking for a guarantee company has to pay a lot of interest and fees. If it is because the property buyers are not qualified enough to get a loan, but they especially want to buy this house, they can find a loan from a guarantee company. It should be noted that the cost involved will be higher than that of direct bank loans. Because the guarantee company not only needs the borrower to pay the handling fee, but also needs to pay the guarantee fee, interest fee and other expenses. However, Xiao Chao would like to remind you that the fees charged by general guarantee companies are particularly high and will always give you some extra fees. For example: handling fee, guarantee fee, interest fee and so on.
Matters needing attention in buying a house by loan
1, the provident fund will not be used before the loan. If the borrower withdraws the balance of the provident fund savings to pay the house payment before the loan, then the balance of the provident fund in your provident fund account is zero, and your provident fund loan amount is also zero, which means that you cannot apply for a provident fund loan.
2. Don't repay the loan in advance within one year. According to the relevant provisions of provident fund loans, part of the prepayment should be made one year after the loan is paid off, and the amount you return should exceed six months.
Don't forget to find the bank around you if you have difficulty in repaying the loan. When the repayment ability declines during the loan period, don't insist on it yourself when there is difficulty in repayment. ICBC customers can apply to ICBC for extending the loan term. After investigation by the bank, ICBC will accept your application for extending the loan term, and there is no default of principal and interest.
4. Don't forget to inform when renting a house after the loan. When renting a mortgaged house during the loan period, the lessee must be informed of the mortgage facts in writing.
Don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the loan principal and interest, you can go to the district or county real estate trading center where you lived before to cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the mortgaged property.
6. Don't lose the loan contract and IOUs. Applying for a loan, the loan contract signed between the bank and you, and the receipt are all important legal documents. As the loan takes a long time, as a borrower, you should take good care of your contracts and IOUs.