What if the loan amount is not enough?
1. What should I do if the provident fund loan amount is not enough?
If the amount exceeds the amount of the provident fund loan, you can apply for a portfolio loan. However, it should be noted that not all banks accept portfolio loan applications, and portfolio loans involve provident fund centers, banks and other institutions, and the approval period is more than 3 months. Therefore, buyers who are eager to pay the house price should consider the time problem.
2. What if the loan amount is not enough because of personal credit information?
Because different banks have different loan policies, if you apply in a bank with loose loan policies, you are likely to get the expected amount. Because you buy a new house, you can borrow from a bank that cooperates with the real estate, and you can also get some interest rate concessions.
3. What if the borrower's monthly income can't meet the bank standard and the loan amount is insufficient?
In this case, relay loan can be considered. For example, the income of Betty Wong Jr., the borrower, does not meet the bank lending standards, and Wang's father has not retired, so his income is very high. If the sum of the income of Xiao Wang and his father meets the conditions: the income of Xiao Betty Wong+the monthly income of his father >; = monthly loan repayment amount *2, then the borrower * * * applies for mortgage with his father, thus increasing the loan amount.
I consulted many banks, but I couldn't get the amount I wanted. What should I do?
If you can't get the loan you want after consulting a number of banks, you can also apply for a loan from a small loan company. Small loan companies have relatively relaxed loan application conditions, simplified approval process and easier loan payment.
What are the factors that affect the loan amount?
1, borrower's age
Borrowers' Age When reviewing loans, banks require borrowers to be 18-65 years old, among which 25-40 years old is a more popular group, followed by 18-25 years old and 40-50 years old. As for people aged 50-65, it is generally not easy to apply for a mortgage.
2. Occupation of the borrower
The occupation of the borrower is also one of the mortgage approvals. Some professions are listed as excellent customers by banks, such as civil servants, teachers, doctors, lawyers and certified public accountants, and industries with fierce competition, such as finance and power supply, are also very popular. Such people are more likely to get preferential interest rates and loans from banks.
3. Number of borrowers
The bank will check the applicant's ID card and household registration book, and if the user members and immediate family members participate in the loan, the bank will also check the ID card and household registration book. If the spouse does not participate in the loan in the same account, a marriage certificate is also required.
4. The borrower's repayment ability
The repayment ability mentioned here mainly refers to the monthly income, because the monthly income directly reflects the borrower's repayment ability. The relationship between loan amount and monthly income can refer to the following formula: monthly income? Twice the monthly mortgage repayment.
5. Age of the house
For second-hand houses, banks will examine the loan age, which generally takes 20-25 years. For older second-hand housing, the loan amount may be reduced, and the loan will be refused under strict bank conditions. It can be said that the shorter the house age, the easier it is to get loans, and the loan amount is higher than that of older houses.
I'm here to give you some information about the loan amount. If you are also considering buying a house with a loan, I hope my summary can help you.