To borrow money from a bank to buy a house, you need to provide proof of personal income, which can directly reflect the borrower's repayment ability. Usually, banks require that the monthly income in the income certificate is more than twice the monthly payment, otherwise they will lend less or refuse to lend. How to open the income certificate? If the income certificate is not enough, how can the buyers remedy it?
To borrow money from a bank to buy a house, you need to provide proof of personal income, which can directly reflect the borrower's repayment ability. Usually, banks require that the monthly income in the income certificate is more than twice the monthly payment, otherwise they will lend less or refuse to lend. How to open the income certificate? If the income certificate is not enough, how can the buyers remedy it?
1. What is the proof of income?
The so-called proof of income is a kind of proof of economic income that China citizens need in their daily life and business activities. Generally, when handling visas, bank loans, credit cards, etc. , it must be issued by the relevant parties. It is one of the main reference contents when handling house mortgage, which directly reflects the repayment ability of the handler.
Second, how to open the income certificate?
1, pay attention to the necessary format of income proof.
2. The income certificate must be stamped with a "fresh stamp", that is, the copy of the income certificate is invalid.
3. The seal must be the financial seal or the official seal of the company, and it must be a circular seal.
4. The annual income is the sum of basic salary, bonus and welfare within one year, excluding personal income tax and insurance premium. Banks usually require borrowers to provide monthly income that is more than twice the sum of their monthly repayments and other liabilities.
3. What if there is no income certificate issued by the unit?
If a private owner is unable to issue a certificate of income, the materials he needs to provide are: business license, tax registration certificate, tax payment certificate (the time of continuous tax payment varies from place to place) or bank deposit slips for the past six months.
If you are a freelancer, if you have a deposit, you can provide proof of deposit; If not, you should go to a bank with income to apply for a running list, which can prove that you have continuous income.
4. What if the proof of income is not enough?
If the commercial loan income certificate does not meet the requirements, it can be solved through the following channels!
1. Both husband and wife apply for a loan.
For a married borrower, if his income certificate is lower than the monthly payment, both husband and wife can apply for a loan at the same time. In the case of insufficient proof of income, banks will also refer to some other assets of the family, such as large deposits, bonds, real estate and so on.
2. Income subsidy
Nowadays, many banks recognize income, except for occupations that are not allowed by law, such as employees of state-owned enterprises, soldiers and civil servants. Some banks also set a limit of not more than 50% of their income. There are also some banks that generally do not recognize income.
Step 3 guarantee
Both the borrower and the guarantor shall be liable for repayment of the loan. When the borrower fails to perform the debt, the guarantor must bear the guarantee responsibility within the scope of his guarantee. Now many banks can accept loan guarantees, but the relationship between the guarantor and the borrower will be strictly defined. For example, some banks accept the guarantee of immediate family members, and some banks also accept the guarantee of immediate family members of spouses.
4. Relay loan
Some banks also support relay loans. Relay loan is the abbreviation of personal housing relay loan, which refers to a housing credit product with children (or children and their spouses) as the owner of the purchased house and both parents or one of them and their children as the same borrower.
I suggest that when applying for a bank loan, it is easier to solve the problem of substandard income certificate. If there is a problem with personal credit information, it will be much more difficult to get a loan, because the credit stain will be difficult to eliminate for a while. It is recommended that you check the credit report at least once a year, and once you find the credit stain, take immediate measures to make it up.
Second, what should I do if the commercial loan income certificate is not enough?
Hello, if the lender's income certificate does not cover twice the monthly payment, there are several ways to solve it:
Boyfriend and girlfriend borrow money together (both names are written on the property certificate).
Immediate family members are guarantors. Including spouse guarantee, parents guarantee and children guarantee. (In addition to immediate family members, brothers and sisters of China Everbright Bank can also be guarantors. )