For the vast majority of people, the purchase of a house is almost a vital road to life. Loan purchases are effective in alleviating financial pressures compared to full-cost purchases. No more stressful than the approval stage is present throughout the application process. Many people are concerned not only about the rejection of mortgages, but also about the pace of approval. As a result of the regulation of the new mortgage policy, many banks have slowed down their lending. So, how long will it take to pass the mortgage approval through the final release? What happens when the approval is passed but the funds are not paid

How long does it take for the mortgage to be successful? What if we pass the check

Some friends may wonder why the approval of the mortgage has been passed, but the funds have been delayed because of a complex set of procedures and processes that banks need to carry out before they can release. As a rule, most banks complete these procedures in the morning and then issue mortgage notices to home buyers between 3 and 6 p.m. If everything goes well, the buyer will receive the money in the afternoon。

Failure to arrive on time may be due to the fact that a day of rest has passed during the journey. As a general rule, banks do not carry out lending operations on weekends and holidays, so the purchaser has to wait until the working day before receiving the mortgage. If there is no news for more than two days in the case of non-sabbatical holidays, the purchaser may, on his own initiative, call the bank's official guest service to ask about the circumstances in order to avoid omissions。

In general, buyers should keep abreast of their current process progress and check carefully whether documents are properly submitted to avoid unnecessary delays and losses。