Well, when you have a car of your own and you need a cash to do it, a vehicular mortgage is a good option. But how can we deal with the fact that after applying for a vehicle mortgage, the money is always missing? Next, let's look at a few possible solutions。

What if we don't have a mortgage

First, you have to look at your loan information again. During the application process, you will be asked to provide the necessary information, such as letters of request, proof of income, bank flow, etc. If you don't have the money, it's probably the information that goes wrong. It is likely that the problem will be solved by clarifying where the error occurred and by correcting or supplementing it in a timely manner。

Second of all, you have to see if the loan period is right. When applying for a vehicular mortgage, there is generally a time limit and most lending institutions do not exceed five years. If you apply for a long period of time, the risk becomes greater for the lending institution and the requirements for you become more stringent. So if the loan cannot come down, try to apply for a reasonable term。

AGAIN, YOU HAVE TO CHECK YOUR PERSONAL DEBT RATIO. WHEN APPLYING FOR A VEHICLE MORTGAGE, YOU HAVE TO TRY TO CONTROL THE PERSONAL DEBT RATIO AND KEEP IT WITHIN 50%. IN THIS WAY, THE LOAN INSTITUTION WILL NOT BE TOO WORRIED ABOUT YOUR REPAYMENT PRESSURE. IF YOU HAVE A HIGH PERSONAL DEBT RATIO, YOU CAN EASILY BE REJECTED BY LENDING INSTITUTIONS。

Finally, if all the options have been tried and the money hasn't come down, you might have to turn to other platforms. Sometimes, the inability of vehicle mortgages is not necessarily a problem for you, but may also be due to financial constraints on lending institutions. In such cases, you can find money-rich, low-value, simple lending institutions that can increase the pass rate to a certain extent。

Well, you might wonder if a car mortgage would read a letter? The answer is yes, it will. But even if your correspondence is not good or not even documented, it is possible to apply for a vehicle mortgage, the key being whether your vehicle meets certain conditions。