The price of buying a house is not low, and it is difficult for most people to make a one-time payment, so loans are the choice for most home buyers. However, there are certain requirements for applying for a mortgage.min pay If you fail to meet the bank's requirements, the loan application will be rejected. So, what causes a loan application to be rejected? How to improve the loan approval rate? Let me share with you some important knowledge points:
What caused your loan to be rejected?
1. Personal debt is too high
If the borrower has applied for other loans from the bank before applying for a mortgage and is still in the repayment period, he or she may be easily rejected by the bank if the debt is high. Because the debt is too high,ofw quick cash loan online the bank will think that your repayment ability is weak. In order to ensure the smooth recovery of the loan, it is reasonable to refuse the loan.
2. Too old or too young
From the perspective of bank loans, borrowers need to show academic qualifications and stable economic income when applying for a loan from the bank.debt consolidation Obviously, minors under the age of 18 are not eligible to apply for loans.
Banks have relatively strict review conditions when reviewing housing loans. In addition to restricting the loan qualifications of minors, loans are also not available to older loan groups. For example, borrowers over 50 years old are likely to be rejected when applying for a loan. , because it is very likely that health problems will occur at this age, which will cause certain risks to the bank!
3. The borrower provides false information/poor credit report
In order to obtain a high-amount loan, some home buyers think of forging loan review materials. Once the bank discovers this situation, it will not only have to bear legal consequences, but will also directly make it difficult for you to apply for a loan in the future, so regardless of your reasons Whatever the purpose, never falsify loan review information. For overdue credit cards and overdue loans, it should be noted that three consecutive or more than six overdue overdues are serious credit problems, which will cause credit stains and banks will reject the application. loan!
How to improve the pass rate?
1. Consult in advance about the materials required for the loan
If a loan applicant wants to successfully obtain a loan, it is best to consult the bank in advance what loan materials are required so as to be prepared in advance, because incomplete loan materials will also be rejected by the bank.
2. Maintain a good credit record
When applying for a loan to buy a house, the bank will conduct a comprehensive examination of the borrower's personal credit. Usually, the bank will examine the borrower's loan records within 5 years and credit card records within 2 years. If home buyers want to successfully obtain a bank loan, they must pay attention to maintaining a good personal credit record in their daily work and life.
3. Prepare a running account before taking out a loan
When buying a house with a loan, the bank will check the buyer's bank account to determine the buyer's repayment ability, so the home buyer should make a beautiful account for himself before buying a house. For example, depositing a certain amount of money into your bank card every month can increase your loan approval rate.
4. Don’t change jobs frequently before buying a house
If you plan to take out a loan to buy a house, you must not change jobs at will before taking out a loan to buy a house. At least, don’t change it within six months before taking out a loan to buy a house. Because the bank can judge whether the applicant has the ability to repay the loan through the stability of his job and income. If you change companies or jobs before applying for a loan, the bank will definitely think that your job is unstable, your repayment ability will be affected, and the bank's credit risk will increase, causing the loan application to be rejected.
.jpg?x-oss-process=image/resize,p_100/format,webp)
