What factors does the bank loan amount depend on?
1. Mortgage down payment ratio
The amount of bank loan application is affected by the down payment ratio of the loan, and usually cannot exceed the difference between the total house price and the down payment.
For example, for a house with a total price of 654.38+00,000, with a down payment of 30%, the loanable amount = 654.38+00,000-654.38+000 x 30% = 700,000.
The down payment ratio will be adjusted according to the property market. Restricted cities and non-restricted cities will be different, and different banks in the same area may be different. It is recommended that buyers fully understand the bank mortgage policy of the place where they buy the house and choose a suitable bank to apply for a loan.
2. The borrower's repayment ability
The repayment ability mentioned here mainly refers to the monthly income of the lender, because the monthly income directly reflects the repayment ability of the borrower. The relationship between loan amount and monthly income can refer to the following formula: monthly income ≥ monthly mortgage repayment X2.
3. Age of the house
When issuing loans, banks will examine the age of the loan. Usually, the requirement is 20-25 years, the looser one will require 30 years, and the stricter one is only 15 or 10 years. Older second-hand housing loans may be reduced, and banks will simply refuse loans when they encounter strictness. It can be said that the younger the house, the easier it is to get a loan, and the loan amount is higher than that of the older one.
4. Personal credit information
Personal credit information can be said to be one of the important criteria for banks to consider borrowers. Good credit information is a prerequisite for obtaining preferential interest rates and loans. Some banks will look at the credit card credit records of borrowers within two years and the loan credit records within five years. Some banks will look at the credit information for a longer period of time, and the requirements are different. Three consecutive overdue and six serious credit reports may lead to loan rejection.
5. Support ability
Some banks will also examine the borrower's payment of medical insurance, endowment insurance, accidental injury insurance and housing provident fund, because these can reflect the borrower's repayment ability from the side, among which medical insurance and endowment insurance are more important.
How to solve the problem of buying a house with insufficient quota?
1. What should I do if the loan amount is reduced due to credit information and other factors?
You can consult other banks and apply in banks with loose mortgage policies, and it is possible to obtain the expected quota. If you buy a new house, you can apply for a loan from a bank that cooperates with the property, and you can also get preferential interest rates.
2. What if the income does not meet the requirements of the bank and the full loan is not available?
You can consider applying for a relay loan. If the income is low, but the father has not retired and the income is high, the bank will calculate the monthly repayment amount according to the sum of the income of the father and son, thus increasing the loan amount.
Proportional relationship between monthly income and monthly repayment amount: Betty Wong income+father's monthly income ≥ monthly repayment amount X2.
3. I consulted many banks, but I couldn't reach the quota. What should I do?
In this case, you can apply for money to pay the house price, which is mainly suitable for small loan companies. Generally, banks are state-owned banks, so it is very difficult to pay house prices through currency. The loan application conditions of small loan companies are relatively relaxed, the approval process is simplified, and it is easier to pay the house payment by borrowing money.
4. Is it good or not? What should I do?
If the approved mortgage amount is not much less than expected and you don't want to apply for other loans, you can consider borrowing money from relatives and friends to make up the difference.
Tip: When buying a house, you must apply for a loan according to your own economic situation. Don't affect the quality of life because of mortgage repayment. After all, it's not easy to be a house slave!