If the mortgage is rejected, you can find a guarantee company, which is often called a guarantee company. If the lender applies for mortgage in the bank, he can choose to find a loan from a guarantee company. The guarantee company will provide joint liability, so that the bank will think that the risk of bad debts is low and be willing to mortgage. However, looking for a guarantee company needs to pay a certain guarantee fee, which is also a big expense for the lender. Moreover, it is necessary to choose a guarantee company with formal qualifications to confirm whether the guarantee company's ability to undertake the guarantee responsibility is reliable. Generally speaking, as long as the mortgage application conditions are met and there is a certain ability to repay the principal and interest, the mortgage application can basically be approved.

If the lender's mortgage is rejected because the bank has insufficient running water, the monthly income is less than twice the monthly payment, and the credit debt is too high, then the guarantee company will still be willing to guarantee the loan. If it is because the lender has a serious bad record of credit information, the guarantee company will not agree to provide guarantee for the lender in view of the risks. However, the guarantee company needs to charge a certain fee when providing guarantee for the lender. In general, the lender needs to pay 3% of the loan amount to the guarantee company as the formalities fee.

How to refund the down payment when the mortgage is rejected?

1, subject to the contract.

Agreement on who will bear the liability for breach of contract if the loan is not approved. Remind buyers to make it clear in the purchase contract or supplementary treaty as far as possible: if the loan cannot be handled, the buyer can terminate the contract and will not be liable for breach of contract, and the seller/developer needs to return the down payment.

2, the problem of property buyers

If it is the buyer's own reason, such as personal credit stain or insufficient repayment ability, which affects the loan approval, if it cannot be solved, then it can only bear the liability for breach of contract, and it is necessary to pay liquidated damages according to the contract, and the rest can be returned. As for the proportion of liquidated damages, it generally does not exceed 20% of the total house price.

When signing the house purchase contract, additional supplementary clauses are attached, stating that the loan is refused and the down payment is fully returned. If it can't be solved, it can only bear the liability for breach of contract, and it needs to pay the liquidated damages according to the contract, and the rest can be returned. As for the proportion of liquidated damages, it generally does not exceed 20% of the total house price.