The mortgage interview is a bank interview. It is a procedure in which you bring the original legal and valid documents, a hand stamp and the required loan fee to the bank for face-to-face communication, review and signature. This process is called face-to-face. The interview must be done in person and cannot be replaced by others.
The main purpose of the interview is to prevent the borrower from borrowing money without the ability to repay the loan and from maliciously committing loan fraud. The borrower must bring all the information during the interview, including the original real estate certificate, sales contract, salary statement, income certificate, ID card, household register, etc. During the interview, the counter will verify three pieces of information: workplace, phone number, and address. Be sure to enter the correct information. To avoid failure in the interview.
What information do you need to bring during the interview?
1. Provide marriage certificate.
One of the more important aspects of the bank interview is to understand the borrower's repayment ability. Therefore, for family-based home purchases, providing marriage certificate and household registration book are important to judge the home buyer's repayment ability. premise. If the home buyer is divorced, he or she needs to provide proof of divorce (divorce certificate, divorce agreement). Those who have no marriage experience are exempt from this inspection.
2. Provide credit report.
The bank will check the credit status of both spouses on a family basis during the interview. Due to the different policies of each bank, the degree of laxity in credit review will vary. If one spouse is overdue, it may affect the whole family's application for a mortgage, which may increase the loan interest rate or loan down payment, or in serious cases, the loan may be rejected.
Therefore, it is recommended that you check your credit report in advance before the interview. When you usually use credit cards or have other loans, you must pay attention to repaying the loan on time to avoid overdue payments.
3. Provide income flow.
Having a certain economic foundation and proof of stable income flow is a criterion for banks to judge a home buyer's loan repayment ability. Under normal circumstances, banks will require more than six months of turnover. The editor recommends using a bank card with larger turnover and having funds received at a fixed time every month. This can prove the continuity of income.
In order to ensure that the borrower can repay on time, the bank's income requirement for the borrower is that the monthly income is greater than or equal to twice the monthly mortgage payment. If the borrower is repaying other loans, the monthly income is greater than or equal to The monthly mortgage payment on an existing loan is twice the amount.
4. Provide proof of stable employment.
If the lender can provide proof of stable employment or a labor contract, it can better prove the borrower's ability and level, so the bank will have a greater chance of lending. In addition, entrepreneurs can also provide a company business license to prove your financial ability and level. Generally speaking, lenders who meet these conditions will also be willing to be loaned by banks.
5. Provide housing information and confirm the loan amount.
After determining the repayment ability of the lender, the next thing the bank and the lender have to discuss and sign is: loan amount and loan interest rate.
The loan interest rate is determined by the number of houses owned by the lender. Moreover, the interest rates for the first home and the second home are different. If it is the first home, you only need to bring the purchase contract. If it is the second home, you need to bring the relevant certificates of the first home.
As for the loan amount, it is determined by the borrower's repayment ability and is also related to the loan term. The longer the loan term, the larger the amount.