When reviewing the repayment ability of the lender, the bank will comprehensively look at the borrower's personal income, bank flow, debt ratio, credit information and other aspects, and will also consider the loan amount of the borrower's overdraft debt. The higher the debt ratio, the worse the borrower's repayment ability, and banks generally refuse to provide mortgages to people with high debts.
Housing loan, also known as housing mortgage loan, is an application form for housing mortgage loan filled out by buyers to the loan bank, and provides legal documents such as ID card, income certificate, housing sales contract and guarantee letter. After passing the examination, the loan bank promises loans to the buyers, and handles the real estate mortgage registration and notarization according to the house sales contract provided by the buyers and the mortgage loan contract concluded between the bank and the buyers. The bank directly transfers the loan funds to the sales unit within the time limit stipulated in the contract.