The down payment ratio will be adjusted according to the situation of the property market, and the down payment ratio of restricted cities and non-restricted cities will be different. For example, the low down payment ratio of the first suite in a non-restricted city is 20%, and different banks in the same region have certain differences. Before buying a house, buyers should understand the bank's loan policy and choose the appropriate bank loan.
2. Room age
Banks will consider the age of second-hand houses when lending. The loan term of second-hand houses is usually 20-25 years, and the strict term is only 15 or 10 years. For older second-hand houses, the loan amount may be reduced, and strict banks will not lend at all; It can be said that the shorter the house age, the easier it is for buyers to get loans, and the amount is higher than that of older houses.
3. Buyer's age
Banks require buyers to be 18-65 years old when reviewing loans, among which 25-40 years old is a popular group, and it is generally difficult for people aged 50-65 to apply for a mortgage.
4. Occupation of property buyers
Civil servants, teachers, doctors, lawyers, certified public accountants, institutions, etc. , generally regarded as customers by banks; There are also employees like government agencies, large state-owned enterprises and top 500 enterprises, and the amount they can approve is relatively high; These people are more likely to get preferential interest rates and loans from banks.
5. Buyer's income
The income level of buyers is generally reflected by six months of bank flow, and stable income helps to apply for a higher quota. The monthly income is required to be greater than or equal to twice the monthly payment.
How long does the bank lend money?
Different loan banks and different loan methods apply for bank loans, and the time required for lending is different. When applying for a commercial loan, if the pre-sale permit has been applied for, under normal circumstances, it takes 2 weeks from applying for a bank loan to lending 1 month. If you buy a house with a provident fund loan, it will be slower to apply for a provident fund loan, which may take 1-2 months or even longer, because it involves many institutions such as provident fund and banks.
What if the loan amount is not enough?
1. Apply for a portfolio loan.
Some friends who have paid personal provident fund will choose provident fund loans when applying for bank loans to buy a house. However, one disadvantage of provident fund loans is that the loan amount is too low. If this is the reason, buyers can apply for portfolio loans. It should be noted that not all banks accept portfolio loans, which involve provident fund centers, banks and other institutions, and the approval period is more than 3 months. Buyers who are anxious to pay the house price should consider the time problem.
Step 2 ask other banks
Different lending banks have different rules for approving mortgage loans. If you have a high credit rating and debt, your loan amount will be reduced. However, it may be different to apply in other banks, so in this case, you should go to a bank with loose mortgage review to apply for a loan, and maybe you will get the expected amount. If you buy a new house, you can also apply for a loan from a bank that cooperates with the real estate, and the interest rate will be more favorable.
Step 3 borrow money to buy a house
Some friends' loan conditions are really not good enough, and buyers don't know how to apply for loans to buy a house through other channels. For example, for a person with a bad credit record, even if other conditions meet the requirements, banks and lending institutions will not give you loans. In this case, you need to buy a house by other means. If the approved mortgage amount is not much less than expected and you don't want to apply for other loans, you can also consider borrowing money from relatives and friends to make up the difference, and then you will have money.