There is a process for banks to approve loans. Under normal circumstances, if both the buyer and the seller have reached the transfer step, it means that the buyer's personal credit has been recognized by the bank and the bank has agreed to give him a loan. After entering the household, the bank will sign a loan contract and a mortgage contract with the buyers. However, after signing the loan contract and mortgage contract, it does not mean that the bank will lend money immediately, which leads to the bank.
There may be two reasons why you can't get the loan. 1. Bank funds are tight. Every bank's mortgage amount is limited, especially by the end of the year, the amount of bank mortgage funds will be even more tense, because many banks will basically use up the mortgage amount of the year in the first half of the year. If this happens, the bank will delay lending. When funds are tight, it is possible to delay lending for half a year or even longer.
If the bank can't lend money in time because of lack of funds, you don't have to worry too much about this situation. You just need to wait for a while, and then the money can be received normally. If the bank has been refusing to lend under various excuses, you can talk to individual bank staff appropriately and give them some benefits. Maybe we can get a loan soon.
2. The mortgage was randomly checked by the bank and found not to meet the loan conditions. Under normal circumstances, if property buyers have signed loan contracts and mortgage contracts with banks, basically 99% can lend normally. However, if you are unlucky, you may encounter some special circumstances, mainly spot checks by the regulatory authorities. In case the buyers are unfortunately spot-checked by the regulatory authorities, some problems are found, such as the illegal source of down payment, such as not complying with the local purchase policy. All these situations may lead to the cancellation of mortgage.