2. Calculation formula of average capital: monthly repayment amount = monthly principal+monthly principal and interest; Monthly principal = principal/repayment month. Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate.
What is the ratio of monthly payment to income before it can be approved? When a customer applies for a mortgage, the bank flow provided cannot be less than twice the monthly mortgage payment, otherwise it will be difficult to pass the bank approval. For example, if a customer intends to apply for a mortgage of 600,000 yuan with a term of 20 years, the principal payable is 2,500 yuan per month and the monthly income provided at the time of application is at least 5,000 yuan.
Of course, in addition to income, mortgage approval will also review the customer's loan situation, liabilities, credit status and so on. Only when the customer's credit is good and he has the ability to repay the loan principal and interest on time will he pass the examination and approval.
If the customer's credit is bad, or if he has borrowed too much recently and his debt is too high, even if the income provided is sufficient, it will have a certain impact on the approval of mortgage loans, and it may not pass the approval smoothly, especially for credit problems, most banks will refuse to approve loans.
If the customer's bank flow is insufficient, it can be supplemented by social security/provident fund deposit certificate and tax payment certificate. If he has certain assets in his name, he can also provide relevant financial proof to improve it.