In recent years, as the real estate market has become hot, the demand for housing has grown. Many people have chosen to buy their homes through bank loans. However, in the course of buying a house, many people would question whether, if there was not enough water, they would be rejected by the bank

Will mortgages be rejected for running water

First of all, let's see what's running water. The flow of water refers to the income and expenditure of individuals, including deposits, transfers, expenses, etc., in the closing accounts opened by banks. When reviewing applications for loans, banks are required to review the applicant ' s letters of credit and the flow of funds to determine the applicant ' s repayment capacity and creditworthiness。

While running water is an important basis for banks to review mortgage applications, it is not the only one. Other credit records of applicants, such as credit card repayments, job stability, etc., are also taken into account. Therefore, the fact that the applicant is insufficiently watered does not mean that he will be directly rejected by the bank。

Moreover, even if there is insufficient water, there are many ways in which applicants can improve their own loan success rate. For example, stable work and income certificates are provided, or additional credit certificates are added. If the applicant can provide sufficient strong proof that he or she has the ability and integrity to repay, it is possible to obtain bank approval even if the flow is insufficient。

Bank auditing standards and processes will, of course, vary from bank to bank, from city to city. Some front-line large-city banks may have more stringent requirements for the flow of funds, while some small-city banks may be relatively more relaxed. Thus, when applying for a loan, the right bank and the timing of the application can be selected, thus increasing the success of the loan。

In any case, inadequate water flows do not mean that they are directly rejected by banks, and other factors are taken into account. Applicants can improve their own loan success rates by providing other strong certificates, or choose the right bank and the right time to apply。