Because when applying for a mortgage, banks usually need borrowers to submit their income certificates and wages, so many small partners will worry that their income is unstable and they cannot borrow money to buy a house. In fact, the bank only asks you to submit these materials to confirm whether the borrower has the ability to repay in the future, so as long as the bank can recognize its repayment ability, it can successfully apply for a loan. In this case, the borrower can submit his own other financial certificates, such as certificates of deposit, self-storage running water, etc. , these will do. Or add co-borrower, who can be his parents or brothers and sisters, but co-borrower is qualified to apply for a loan.
As for the ratio of monthly repayment to income after buying a house, in fact, normally speaking, as long as it does not exceed 70% of income, it will not affect the normal life of borrowers. However, in this case, everyone's quality of life will not be guaranteed, and their tolerance for other emergencies will be very low. Therefore, the repayment amount should not exceed 50% of the income as far as possible, which will not have much impact. If conditions permit, it is best to control it below 30%. In this case, the borrower's life is the most comfortable. At the same time, banks will have certain requirements for this. Once the repayment amount accounts for more than 50% of the income, it is easy to refuse your loan application, so you should make relevant preparations before applying for a loan.
In fact, the difficulty of applying for a mortgage is not as difficult as everyone thinks. As long as there is no problem with the qualification, the pass rate is still very high, and the monthly payment pressure can be alleviated by extending the repayment period.
How do freelancers apply for housing loans?
The most important problem involved here is how to prove that you have the ability to repay the loan. Lending institutions usually evaluate the borrower's loan qualification from the aspects of repayment ability and credit information. If you don't have a job, but you can provide stable bank flow and collateral, you can still get a loan.
Some loan companies can still provide loans to unemployed borrowers if they can provide repayment of mortgage loans.
What kind of loan is suitable for freelancers?
I. Secured loan
Find a guarantor with guarantee qualification and qualified guarantee ability. A secured loan is a loan provided by the borrower or a third party according to law.
Because I don't have a job and can't vouch for myself, it's also a good choice to find a suitable guarantor. However, it should be noted that many banks do not accept secured loans, so you must know in advance before lending.
Second, physical mortgage loans.
If the borrower holds bonds, securities, stocks, real estate, bills of lading, warehouse receipts or other documents proving the ownership of the goods, they can all be taken away as collateral.
Third, third-party loans.
This kind of loan contains many types, and the types of loans that can be seen in the market are also mixed, but buyers should pay attention to it, and they must choose formal and well-qualified institutions to be careful to fall into the scam.