What if the bank designated by the developer does not give the loan?
1. Change the bank applying for loan.
Each bank has different qualification requirements for lenders. If the lender can't apply for a loan in this bank, he can choose to change the bank that applies for a loan. After all, there is not only one bank that applies for loans from developers. Lenders can't apply for a loan in this bank, but it may be easy to apply in another bank.
However, we need to remind everyone that if there is a problem with the lender's credit or other aspects, it is recommended to solve the problem before applying for a mortgage.
2. Increase the down payment ratio.
If it is because of the high risk of the lender after the bank evaluation, the lender can also choose to increase the down payment ratio and reduce the loan application funds. In this way, the risks that banks need to bear will be reduced, the economic strength of lenders will also be proved, and most banks will agree to the examination and approval.
If the lender's economic strength is not enough, he can also choose to accept a higher mortgage interest rate. Banks can make more profits and are willing to take more risks.
3. Change the developer
If it is because of the problem of the developer or the house itself, which leads to the bank's delay in approving the mortgage, then the buyers can directly ask the developer to refund the down payment and deposit, and then change the property to re-apply for the mortgage.
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