You tried to get a mortgage, but you failed again and again. Let me tell you, getting a mortgage isn't just filling out the right form. If you've been rejected, maybe you need to change your strategy. How? I'll explain it to you。

What if the mortgage hasn't been approved

First of all, you have to make sure you have all the necessary information for the loan application. If you have submitted the wrong information, then the bank or the Provident Fund Centre may reject your application. After the rejection, you scrutinize your documents to ensure that there is no omission or error。

Secondly, it would be useful to know why a loan application had been refused. Talk to the banker and ask him to explain what's wrong. If the problem is your credit position, liquidity or liabilities, you may need to consider increasing the down payment and reducing the amount of the loan requested。

If you've tried the above, but you've still been rejected, you might consider changing the bank. The terms and conditions of loans vary from bank to bank, and a new bank may succeed。

In the end, if your qualifications are in question, but there is a great need for a house, you can borrow from a guarantee company. Please note, however, that this may be more expensive than loans from banks because you have to pay not only fees but also guarantees and interest。

Loans may be denied for many reasons. The most common of these are the bank ' s requirements for the applicant ' s income and assets. Every person applying for a loan is required to produce a certificate of income, such as a payroll, business income or rent. And the bank will verify your bank flow. In addition, banks are very concerned about the source of the down payment. If you do not identify the source of the down payment or indicate that you are under excessive financial pressure, then you may not succeed in applying for the loan。