1. What are the common reasons for mortgage rejection?
1, providing false information
For some reason, some people try to muddle through with a fake material, but they don't know that banks have long been a "eye-catching" trick, and it is very difficult to submit fake materials. Once discovered, the road to loan was completely ruined by myself. Therefore, never submit false materials.
2. Bad personal credit information
As we all know, after the borrower applies for a loan, the bank will begin to review the borrower's personal credit record. Because the loan requirements of banks are generally high, it is generally difficult to apply for bank loans if the borrower's personal credit is not good. The bad credit mentioned here mainly includes overdue credit cards and loans overdue, which provide guarantees for others. If the other party doesn't pay back loans overdue, it will form a credit stain on the applicant, even if it is consulted by several banks.
3. Limited age and income.
There are many banks that can lend now, so the loan conditions and requirements of each bank are different. Before applying for a loan, the borrower should understand the relevant policies and requirements of the loan bank and judge whether he meets the loan application standards of the loan bank. Generally speaking, most banks require borrowers to be over 18 years old and have a stable occupation and income.
(1) Low income makes it difficult to get loans.
When applying for a mortgage, the bank will ask for proof of income and a bank memo. Usually there is a certain proportion between income and monthly payment. If the income of the purchaser fails to meet the proportion requirements of the bank, it will basically be rejected by the bank.
(2) Age-matching loans are difficult.
Usually, the bank stipulates that the applicant 18-65 years old, of which 25-40 years old is the group, followed by 18-25 years old and 40-50 years old, 50-65 years old, and the application for housing loan is generally not approved. Because the older the lender is, the greater the chance of health problems, which will affect the repayment of the loan, so the higher the risk the bank will bear.
2. Can I resubmit my mortgage after it is rejected?
If the mortgage is rejected, it can be resubmitted. However, before the customer resubmits the loan information, it is necessary to find out the reasons for being rejected by the bank, and then solve the problem with the right medicine. If the problem is not solved, even if the application is resubmitted, it will be rejected.
The above are the common reasons why the mortgage is rejected. After the mortgage is rejected, you can resubmit all the contents. I hope I can help you understand the relevant knowledge of mortgage refusal. Please continue to pay attention to more decoration knowledge, decoration company evaluation and decoration cases.