Friends who have worked on housing loans should know that face-to-face is a key step in the process of bank approval. In this step, the bank will gain insight into and assess the credit, financial and repayment capacity of the loan applicant. Many believe that once we get to the front sign, the loan is basically nailed. Actually, things aren't that absolute. Today, let's talk about how long after the mortgage is signed. And what is the specific contract process after the mortgage

How long will the mortgage sign-off take? Loan signing process presentation

First, the borrower is required to meet the conditions of the bank's loan when applying for a home loan and to prepare the necessary information, such as a certificate of income, a copy of an identity card, a copy of a household register, a copy of a marriage certificate and a flow of water from the bank. Upon receipt of an application, the bank assesses the applicant ' s level of risk by conducting a comprehensive assessment of the applicant ' s creditworthiness, creditworthiness and personal liabilities. After the initial hearing, the bank informs the applicant to go to the bank for a face-mark。

How long will it take to get approval after the mortgage is signed? Normally, the applicant receives notification from the bank within five days. If there is no information for more than five days, it is suggested that you contact the bank on your own initiative to see if there are any contingencies and to resolve them in a timely manner so as not to affect the pace of lending。

Following the adoption of the face-to-face, the concrete steps depend on whether the new house is purchased or the second-hand room. In the case of a new house, the bank issues a loan approval letter to the borrower, in which the advance approval amount, duration, interest rate, etc. is specified and a loan is arranged. If the second-hand house is purchased, the buyer and seller must complete the transfer of the household and the mortgage before the bank can release the money。

In summary, there is still uncertainty about the loan before the final release, and it is only when the funds arrive that everyone can be reassured. Therefore, in order to pass through the mortgage, everyone must be prepared well in advance。