Mortgage audits are generally more rigorous, and successful access to mortgages is a matter of concern to each applicant, and many friends choose to consult with the guarantee companies。

MR. YAN PURCHASED A FULL-COST HOUSE IN THE CBD AREA IN 2004, WHEN IT WAS CAREFULLY RENOVATED. THERE HAS BEEN CONSIDERABLE ROOM FOR HOUSE APPRECIATION IN RECENT YEARS AND THE PRICE HAS NOW RISEN TO AROUND $1 MILLION. AS THE PARENTS WERE COMING TO LIVE TOGETHER IN BEIJING, MR. ZHANG INTENDED TO BUY ANOTHER LARGE HOUSE. ANOTHER 110 M2 HOUSE WAS JUST INTRODUCED BY A FRIEND, BUT THE OWNER ASKED MR. CHUAN TO PAY IN FULL A LUMP SUM. MR. YAN GREATLY LIKED THE HOUSE ' S SIZE AND GEOGRAPHICAL LOCATION, BUT A FURTHER $500,000 WAS NEEDED TO MAKE UP THE FULL AMOUNT. IN A VERY URGENT SITUATION, MR. YAN WANTS TO SELL THE HOUSE HE CURRENTLY LIVES IN, BUT HE CANNOT, GIVEN THE POTENTIAL FOR APPRECIATION IN THE CBD AREA, WHAT ABOUT THE INTERIM PERIOD DURING WHICH THE RENTS ARE HIGH, THE SALE TIME IS LONGER, AND THE EXISTING HOUSE IS SOLD TO GET THE MONEY AND BUY THE CHOSEN ONE? AT A TIME OF UNCERTAINTY, MR. ZHENG LEARNED FROM A FRIEND IN THE FINANCIAL SECTOR THAT HE COULD LEND MONEY TO THE BANK THROUGH MORTGAGES ON HIS PROPERTY, AND THEN APPROACHED MR. ZHENG FOR ADVICE。

Analysis of mortgage cases

At the presentation of the secured project manager, the customer may mortgage the bank with a fully owned home to obtain a loan equivalent to 70% of the mortgage property for a period of up to 20 years. So the Project Manager, who was guaranteed by Hengchang, did not recommend that Mr. Zhong sell the house, but rather that he mortgage the house now purchased in full to the bank and use the space of the house to make loans from the bank. On the basis of Mr. Chong's income and credit status and the market value of the house, the Project Manager, who had been under constant guarantee, helped him to apply to the bank for a loan of $600,000 for a 10-year period. It was also recommended that Mr. Yan choose a repayment that combines a fixed interest rate with a balloon loan, which has resulted in significant savings in Mr. Yan ' s loan expenditures and reduced the cost of using the funds. The loan was eventually placed on Mr. Chong ' s account as scheduled, making it possible for him to pay the end of the purchase. The funds have eased Mr. Yan ' s liquidity problems in a timely manner and have addressed immediate needs, as well as the possibility of normal self-housing and rental of mortgage-backed houses。

The fact that Mr. Yan owns his own property and is eager to spend money at once is a great deal of money that can be financed through mortgages. Here, the guarantee reminds us that there is also a situation in which the mortgage business can be carried out, in which the customer's own property is currently purchased on the loan, but where the amount of the loan from the bank is now higher than the amount of the loan from the original bank due to the appreciation of the property, the guarantee company can also help the customer to settle the financing problem。

Many guarantee companies are now able to provide mortgage advice to their clients, provide collateral services themselves, familiarize themselves with bank loan programmes and interest rates, and, in addition, handle a number of mortgage cases, provide more satisfactory loan schemes for their clients, making loans without losing your current interest, of course at a related cost, but less important for the larger benefit advice fees that you can buy from your loan。