Seven reasons that easily lead to application failure: click me.
1) Try more lending institutions.
If you are refused a loan because you can't find a suitable lending institution, you might as well try several different lending institutions. Many lending institutions have carried out real estate mortgage loan business, but different institutions have different requirements for borrowers. Therefore, when choosing a lending institution, you must compare it with your own actual situation to see which institution's requirements best meet your own conditions, and then start applying for a loan.
2) Consider changing the loan method.
If it is because the property does not meet the mortgage conditions, consider changing the loan method.
According to the provisions of the real estate mortgage loan, the mortgaged real estate must meet the following requirements:
1, with liquidity;
2. Clear property rights;
3. Have a real estate license and a state-owned land certificate;
4. Room age ≤20 years;
5, can be listed and traded normally.
If the property you provide does not meet the above requirements, if you have a stable job and income and a good credit record, you may wish to try an unsecured loan.
3) Find a formal guarantee company to intervene.
If you think that you can get a loan as long as you have a real estate, you are wrong!
When lending institutions approve loans, they should not only check the real estate situation, but also check your qualifications. If the borrower's qualifications do not meet the requirements, the loan application will also be rejected. In this case, we might as well find a formal guarantee company to intervene. With it as your guarantee, the difficulty of loan application will be greatly reduced, but the loan cost will increase, because the guarantee company needs to charge a certain guarantee fee.