In today's high housing prices, many people buy their own houses through loans and need to use their own funds to pay the down payment. Although many banks have stipulated the down payment ratio, lenders may be required to increase the down payment if they meet the following circumstances. Let's have a look.

1. The lender is older.

We all know that the age of the lender will affect the mortgage amount. Usually, the older the lender is, the lower the loan amount will be, and the less the loanable amount will be, and the down payment will increase, so the down payment ratio will definitely increase. It should be noted that if the lender is over 55 years old, it will be very difficult to obtain a loan, and even raising the down payment ratio may refuse the loan.

2. The mortgage policy has been tightened.

With the deepening of supervision and the tightening of credit market, banks will be more cautious in mortgage business. In addition to raising mortgage interest rates, they may also increase the down payment ratio of mortgage loans to stabilize housing prices. In this case, buyers have no choice. If they don't raise the down payment according to the bank regulations, they won't get the loan.

3. The repayment ability is too low

Buying a house with a loan must have a certain repayment ability, and income is the main factor affecting repayment ability. Many banks will require lenders to earn twice the monthly payment. In other words, if the income of mortgage applicants is too low, the loan amount will not be so high, and the corresponding down payment ratio will also increase.

4. Bad credit report

The quality of personal credit information will also affect the down payment ratio. Usually, if personal credit is not good, then the bank is likely to ask for an increase in the down payment ratio. The most important point is that once the mortgage applicant is blacklisted, the bank will refuse to give you a loan directly without hesitation.