What if I can't get a mortgage?
You must get a loan to buy a house. If it is a special case, you can write a power of attorney and the authorized person will handle it on your behalf. Lenders need to meet the following conditions before lending: they must have a stable job, ensure good credit information and have the ability to repay loans; The house to be purchased must be in the town, that is, the lender's current residence, and the lender needs to make a down payment of 30%.
What are the benefits of buying a house with a loan?
1, low risk
The risk of buying a house with a loan is relatively small. If you buy a house in full, you need to pay it in one lump sum, while if you buy a house with a loan, you only need to pay a certain down payment, and the rest is a bank loan. Moreover, when the bank lends money, the bank will also audit the house. If the house has quality problems, it can be found in time, so the risk of buying a house is reduced.
2. Less investment
Now most people will buy a house through loans, so it has become a common way to buy a house through loans. With loans to buy a house, buyers can invest less and buy a house with loans from banks without spending a lot of money, so loans to buy a house can reduce the pressure on many buyers.
3. Capital activities
You don't have to invest all your money in buying a house by loan, you can rent a house by loan, so in general, buying a house by loan is a very cost-effective way to buy a house.
Step 4 reduce stress
Another advantage of buying a house with a loan is to reduce the pressure on buyers. As long as the buyers pay part of the down payment, the rest can borrow from the bank and repay the principal and interest every month. Therefore, it is very suitable for property buyers, and the pressure of life is not great.
Bian Xiao concluded: The above is about what to do if I can't get a mortgage. I believe everyone understands! Buying a house with a loan is an important thing, and you need to prepare your documents and signatures, so if there are no special circumstances, you must go in person.