Moreover, it is not just a few banks that are in a hurry. Many banks have queued up for loans, and even some banks have stopped issuing mortgages. Then, why do banks that are never short of money in the eyes of the public have insufficient mortgage quotas?
First, there is an upper limit on the amount of mortgage.
The urgency of the bank's mortgage quota does not mean that the bank has no money, because all the bank's money will not be allocated to the mortgage quota, and the mortgage quota is only insufficient for the bank to allocate to the mortgage.
As we all know, there are many kinds of bank loan business. In addition to mortgages, corporate loans, personal loans and other loans also require quotas, and banks will not take all their money to make mortgages.
Second, the real estate market is hot.
We know that the mortgage cycle is generally long, and it will take some time for the money released by the bank to be recovered, and the longest recovery cost will be 30 years. In recent years, the property market is extremely hot, and many people borrow money to buy a house. Even if the bank has more money, the amount of money it can borrow is limited, and the mortgage will naturally lack the quota.
Third, the mortgage income is not high.
In our eyes, the mortgage interest rate is already very high, but in the eyes of banks, the mortgage interest rate is not high, and the interest rates of many loan varieties are higher than those of mortgages, such as personal credit loans.
As we all know, banks are also profit-making institutions. Every loan is to make money, and the mortgage income is not high. Many banks are reluctant to invest too much money in mortgage loans. They are more willing to allocate their money to other loan varieties and earn more interest, which is also the reason why many banks have insufficient mortgage loans.
Fourth, the deposits absorbed by banks have decreased.
In the past, both the rich and the poor liked to keep idle funds in the bank. Nowadays, with the increase of wealth management products in the market and the improvement of people's awareness of wealth management, many people are reluctant to deposit their money in banks, but buy some wealth management products with higher yield than banks.
Bank loans mainly depend on deposits, and the ability of banks to absorb deposits is declining. There are fewer and fewer people in the bank, and the mortgage quota will naturally be in a hurry.
Xiaoxiao Finance Bian Xiao reminded that compared with the end of last year, although the bank's mortgage amount is more plentiful now, unless you have excellent personal qualifications, it is still difficult to get loans quickly. Therefore, it is best to improve personal qualifications before applying for a mortgage, which can improve the success rate of mortgage application.