As long as there is no loan, the bank may check the borrower's credit report again. If the borrower applies for other credit products again during the examination and approval period, it is possible to use the down payment loan, which is not allowed by the national policy. So as long as there is no loan, it is not recommended to apply for other credit products.

2. Improper guarantor

If another person or company needs a guarantor when applying for a loan, and the borrower chooses to be the guarantor, then the secured loan will also be counted as one of the liabilities of the guarantor, which will lead to an increase in the borrower's debt ratio and may not pass the final loan approval of the bank.

3. Don't jump ship.

If the borrower changes jobs during the mortgage application, the bank will think that the borrower's income source is unstable, the repayment ability is insufficient, and loans overdue is risky and unwilling to lend money. Therefore, it is suggested that borrowers should have a stable job for at least 3 months before they can apply for a mortgage.

Mortgage approval process

1. The loan applicant shall provide the payment application form and loan materials.

You need to prepare loan materials and loan application forms before applying for a mortgage. If you don't know what loan materials need to be prepared, you can consult the bank when you go to the bank to get the loan application form. Usually, the loan materials need proof of marital status, ID card, household registration book, income certificate, bank account and proof of spouse's identity. (It is best to consult by yourself, subject to the bank's reply)

2. Account Manager Input System

After the loan applicant provides the loan application form and loan materials to the bank account manager, the bank account manager needs to make a preliminary review of your materials to see if the materials you have prepared are complete. If they are not complete, they will ask you to be ready before applying.

Then, they will determine the repayment method and loan interest rate with you, and sign a power of attorney with you. Then, they will know your credit status through your personal credit report. Usually, if the personal credit information is seriously bad, they will directly refuse your loan, while those with slight overdue records will decide whether to give you access according to the loan situation of each bank.

After the account manager has passed the preliminary examination, they need to input your information into the system, scan and upload it. It may take a long time for them to enter your information into the system, because each account manager can't have only one customer, and each account manager may have to face dozens of customers at the same time.

After your credit materials are entered into the system, they will submit your credit materials from the system to the leaders for review.

3. Review by the Credit Department

After the account manager submits your materials from the system to the leader for review, your materials will enter the credit review department. At this time, the credit department will not conduct a detailed review of your personal qualifications. But they usually pay attention to whether your personal credit record is good or not and whether the documents submitted are complete.

4. Approver's approval

There will be a group of people in the bank who specialize in approving mortgages. They will duplicate the work of the censor. If they don't find any problems during the re-inspection, then your mortgage is basically approved.

5. Bank loans

After the approval, the account manager will inform you to go to the bank for face-to-face signing and handle other mortgage procedures. Then, you can go home and wait for the loan, and then you need to start paying the mortgage every month.