Point 1: Is personal credit good
Different from other loan methods, when the borrower fails to repay the loan, the lending institution has the benefit to auction the mortgaged property to compensate for the economic losses. Therefore, if the borrower wants to apply for a real estate mortgage loan through the bank, it will generally require the borrower to have good personal credit. If the borrower's credit is overdue for more than three consecutive times or accumulated for more than six times in two years, it will be difficult to apply for a mortgage loan from the bank.
point 2: does the borrower have the repayment ability
in the process of examination and approval, in addition to checking the borrower's personal credit, the borrower's repayment ability is also very important. Generally speaking, the stronger the repayment ability, the easier it is to get a loan, and the loan amount will be larger. If the borrower can't provide income proof or bank flow proof, the lending institution will not lend easily for risk reasons.
point 3: does the mortgaged house have the liquidity
according to the current situation, not all houses can apply for mortgage loans. Generally speaking, houses with too small housing area, too old houses or remote geographical locations are not easy to obtain real estate mortgage loans, and the specific requirements need to be consulted by borrowers with relevant local lending institutions.
point 4: consent is required to use other people's houses for mortgage loans
besides the houses under their own names, they can also use other people's houses for mortgage loans, but they also need to obtain other people's consent and issue a written commitment to agree to mortgage loans. If the borrower takes other people's houses to the bank for mortgage without the consent of the owner, the bank will not lend money.
In addition, to apply for a mortgage loan, in addition to the value of the house itself, the applicant also needs to have a good credit record, and the coexistence of the two conditions is the magic weapon for successfully applying for a loan.