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How long does it take to get a house loan? What are the reasons for the failure?

Now many young people will choose to buy a house, but it is not easy to pay the house price at one time. At this time, many people will choose to buy a house by mortgage from the bank, but many people don't know whether they are qualified for bank loans, so we should know some things about bank loans in advance. So how long will the loan to buy a house be approved, and what are the reasons why it can't be approved?

1、 How long can a house purchase loan be approved

1. If you need to apply for a mortgage for the purchase of a new house and the real estate has already applied for a pre-sale certificate, as long as you apply to the bank, the bank will query your credit investigation records with the people's Bank of China. If there is no problem, you will reply to your personal loan application within 3 days and require you to submit relevant copies of certificates, income certificates, down payment documents and other materials as required, And sign relevant loan contracts and other bank documents and documents at the same time.

2. After receiving all the information, the bank will make an internal submission for approval, and then go to the housing management transaction to go through the mortgage registration procedures. It will take about 10 working days. After the transaction issues other warrants (the city implementing real estate registration issues the real estate registration certificate), the bank will lend within 3 working days.

3. If you apply for a commercial loan to buy a house, it usually takes about 2 weeks to 1 month from the lender's submission of materials to the loan. If it is a provident fund loan, the processing progress will be slower, which may take 1-2 months or even longer because it involves multiple institutions of provident fund and banks.

2、 What are the reasons why the loan can't be approved

1. After the house property right transfer is completed, the bank will handle the mortgage, and receive other warrants seven days after the mortgage. Transaction core certificate of production, bank withdrawal of other rights certificate, bank loan. After lending, the bank shall provide the borrower's deed tax certificate and a copy of the real estate sales contract to the bank, and the intermediary institution shall also affix its official seal to the second-hand housing mortgage transfer confirmation.

2. High debt generally means that the ratio of the borrower's monthly expenditure to the income is too high. If the ratio exceeds 70%, there is a great risk of rejection. If you want to reduce the debt, you have to increase the income or reduce the monthly repayment expenditure.

3. There are restrictions on the age of loans. Generally speaking, people under the age of 18 and over the age of 60 cannot directly pass the loan approval. If the loan is refused due to age, it is recommended to find a guarantor or co borrower.

The above is about how long the house purchase loan is generally approved and the reasons why the house purchase loan is not approved. In fact, the house purchase loan is not a very troublesome thing. Before you go through the loan purchase procedures, you only need to understand the loan purchase process and some precautions, and be more careful when handling it, the handling will be smooth.