After the user's mortgage is approved, the user needs to sign a mortgage contract with the bank in person. If the audit fails, the bank will return the user's mortgage application materials.
Is the mortgage approval system approval or manual?
Mortgage approval is manually approved by loan experts. Due to the large loan amount of mortgage, each step needs manual participation and actual inspection, and the system audit mainly relies on big data. Audit is not a pure system. Moreover, the mortgage approval is manual, so the approval speed is slow, and the approval time is about 1-3 days.
Under what circumstances can I not apply for a loan?
1, the mortgage does not meet the requirements.
The lender must be at least 18 years old, have full capacity for civil conduct, need to have a stable job, and have the ability to repay the loan on time, and the credit record must not be overdue for too long. If the borrower does not meet the requirements, he may be refused a loan.
2. Personal debt is too high.
If the bank finds that the applicant has borrowed money from other banks before and is in the process of repayment, it is likely to be identified by the bank as too high personal debt and unable to repay. Failure to pass may lead to loan rejection.
3. The loan materials are incomplete.
The loan amount is directly proportional to the feedback of qualification. When making a loan, you should provide comprehensive loan information. Incomplete information is likely to be rejected.
4. The purchased house does not meet the loan conditions.
Not all houses can meet the loan requirements, such as affordable housing and small property houses that cannot apply for loans for less than five years. If you are too old, you can't apply for a mortgage. So when buying a house, it depends on whether it meets the loan requirements of the bank.