If the buyer has not received a reply from the bank after submitting the loan application, it may be that the loan has not been approved. At this time, the buyer can first confirm with the bank why the loan cannot be approved. If it's my credit or running water, ask me if I can make up the running water again. In addition, some banks will now put forward suggestions for buyers to buy wealth management products to improve their credit. If you don't want to buy, you can improve your credit through other assets or certificates of deposit, and then apply to the bank.
Step 2 find a guarantee company
Some property buyers do have poor qualifications, but they especially want to buy a house through loans. At this time, you can consider looking for a loan from a guarantee company. It should be noted that the cost involved will be higher than that of direct bank loans. Because the guarantee company will not only charge the normal handling fee, but also charge some guarantee fees, interest fees and other fees.
Step 3 consult other banks
If the buyer decides that the bank he applied for can't lend money when handling the loan, then the buyer can consider changing to another bank after clearly understanding the reasons why he can't handle the loan. Different banks have different regulations and audits on loan conditions, so if the buyers apply for the first bank but don't give it back, then you can consider changing to another bank.
What is the approval process for housing loans?
1. Apply for a loan from the bank. Submit the original and photocopy of identity documents (referring to resident identity cards, household registration books and other valid residence certificates). Non-locals also need to provide valid certificates and copies of their spouses. If the borrower and spouse are not in the same household registration book, they must also provide a marriage certificate, 30% of the house price, 40% or more of the self-raised deposits of non-locals and proof of economic income issued by the work unit with repayment ability.
2. Determine the loan amount and term. If you are a resident of this city, the maximum loan amount is 70% of the house price, and the loan period is up to 20 years. For foreigners, the maximum loan amount is 60% of the house price and does not exceed 300,000 yuan, and the longest loan period is 10 year. Of course, this is a local policy. Provident fund loans and commercial loans have different requirements for loan terms.
3. Loan bank comments. The loan bank examines the materials and certificates provided by the borrower, mainly examining whether the borrower belongs to the borrower, whether it meets the loan conditions and whether it has enough ability to repay the loan principal and interest, then determining the actual loan amount, and telling the borrower to promise the loan, and then signing the contract.
4. Apply for notarization of house mortgage contract. After signing the contract, you must go to the local notary office to notarize the mortgage contract, and the notarization fee shall be borne by the loan bank. Then, with the mortgage contract notarized by the notary office, go to the real estate registration department of the district and county where the purchased house is located, go through the insurance formalities of the purchased house and wait for the loan.