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Posts Tagged ‘mortgage’

Can talk to the bank to understand the reasons for rejection to determine ways to deal with.
1, if it is because it has been for loans to purchase a number of housing units, or the age of buyers is too large, or personal bad credit record can apply for a change to the main bank lender. By parents, children or other immediate family as the primary credit loans to people who provide loan repayment. Buyers for a loan participation, I will credit people who participate in loan repayment. This allows successful applicants to ensure your mortgage.
2, if it is because of personal wage income, up to the requirements of banks (monthly payment only 50% of monthly income), but can not successfully apply for mortgages. Banks can provide addition to the salary and other income proof. Such as leasing contract, proof of income such as dividends. Can also use real estate, securities, jewelry, art collections and other property to prove to the bank that you have sufficient capacity to repay.
3, if it is because of second-hand housing Fangling too long, or can not pay taxes to a single individual by the bank to prove the authenticity of income. May wish to use the different requirements of different bank loans to other banks to try. Developers or intermediaries can consult, through the security companies to switch to non-designated bank mortgage business.

The end of 2007, the central bank for more than two sets of mortgage down payment practice to improve the ratio, while two sets (above) the benchmark lending rate on floating rate 10-15%, so many second home buyers back the heavy interest on the second suite. How to ease their stress? Department of Han and the two mortgage companies Yida teach you the recipe for practical measures.

Moves one: sell buy old new

Earlier this year, China Construction Bank and Shenzhen Development Bank provides has been closed and sold, new buyers of real estate can provide cards, sold that house tax and other material, may from time to calculate the second suite. Buyers can take advantage of this provision will be sold before the house, then buy a new house, or as long as China Construction Bank, Shenzhen Development Bank in handling the business, and sold ready documents, including the sale of the table after the search and transaction tax, etc., you can enjoy the preferential interest rate loans first.

Case: szsdwmr the original set of housing in Shenzhen and later work to Guangzhou, I want to buy a new house because the house is in Shenzhen before the loans buy a house, buy a house so once again became a second mortgage. Later Miss Qin find out that if she is willing to sell housing in Shenzhen and then to China Construction Bank, Shenzhen Development Bank, or the suites to do the second loan, you can still enjoy a “first set of mortgage” policy. So, later Miss Qin took Shenzhen sell, bought a second house in Guangzhou, the China Construction Bank handled the loan, and enjoy the benefits is the first mortgage.

Moves 2: The preferential interest rate of pure provident fund loans

There are three kinds of home loans — provident fund loans, commercial loans and portfolio loans. The current portfolio of commercial loans and loans for second home buyers are required to raise the down payment ratio and benchmark interest rates go up, but the four major banks were added to the second housing, the use of pure provident fund loans to buy second (or more) housing can enjoy the highest Qi Cheng loans, the provident fund interest rate discounts. Both husband and wife apply for the maximum amount of provident fund loans was 65 yuan, the highest amount of fund is 400,000 yuan loan applications.

Case: married Miss Zhong original set of two bedroom flats, has paid off the mortgage, because of job transfers subject to a three-bedroom home, Ms. Chung did not want the original sale. After calculation, she found that as long as the payment of the second suite 5 percent down payment, loan amount required in less than 650,000 yuan, so she applied for a couple the maximum amount of 650,000 yuan fund loan, with the 65 million building a second Suite loans. As a result, she enjoyed the provident fund interest rate discounts.

Meeting Han mortgage experts advise: for pure provident fund loans is important to note two points: if the applicant had a provident fund loans, repayment must be completed; but also understand the possibility of adequate fund for the amount, if they can not apply enough line of credit, will increase the purchase Housing down payment burden. Read the rest of this entry »

If the suite is the first nest, the second suite is at home. Under the pressure of high prices, many young people choose to buy the first set of small house became home to wait after having a child buy a bigger house to improve their living. Only, credit interest rates in the first suite offers canceled two sets of mortgage fund the context of tightening, with purchase of second house in time to plan for the first suites loans or commercial loans to fund the election?

April 1, the four major state-owned banks to tighten the first comprehensive suite 7 discount rate loans, while in Changsha, the first suite discount rate has long been the loan-to-7 in name only, although there are very few banks offer interest rates with 7 fold, but the mortgage threshold has been high. Ching Ming Festival, a small holiday, first time home buyers Li Xiaoxiao Changsha white salt in the Hexi Village house near the Chinese and a house of 100 square meters, amounting to nearly 500,000 yuan.

Xiaoxiao Li, who works in the state-owned enterprises to pay the provident fund deposits, if the provident fund loans, the interest rate than commercial banks and now the situation down payment, provident fund loans naturally have a considerable advantage, you can enjoy a two percent down payment and interest rates than commercial banks to 7 fold lower benefits. However, Xiao-Xiao Li also thought that if the next suite to buy it? The first suite with a provident fund loans, then the second suite must only use commercial loans. Mean that the second suite must four percent down payment, interest rates should go up 10%. Thus, in the first suite of the election fund loans or commercial banks issue, Li Xiaoxiao face confusion.

The first suite with commercial bank loans, middle of the relatively small pressure

Way: first the value of 500,000 yuan suite with commercial loans: Four percent down payment, loan 20 years. Required down payment 200,000 yuan, 300,000 yuan loans, repayment of 1850 yuan per month, principal and interest loans to total 440 thousand yuan, or a total of about 640,000 yuan.

The second suite with a fund worth 700,000 yuan: down payment on 300,000 yuan, 400,000 yuan loans 20 years, 2,500 yuan monthly repayment, loan principal and interest, 61 million, or a total of about 910,000 yuan.

Saying: Changsha a bank mortgage consultant said: “The current bank interest rates and fund 7 fold difference in lending rates is not the first proposal was to use suites commercial loans, provident fund loans, after all, use it, if you want to use again, credit must also complete all . “Li Xiaoxiao, taking into account the actual situation of state-owned white-collar, high income and stable, four percent down payment even if the pressure is not great, the mortgage consultant’s recommendations Li Xiaoxiao 7 at some discount rate discount with a small bank loans, as repayment pressure is not great.

“Pressure down payment, loan repayment pressure on small,” This is the adviser to the Li Xiaoxiao’s recommendations. Xiaoxiao Li bought the current house is only 100 square feet, fully consistent with two suites use the housing provident fund loans. So, after buying if Li Xiaoxiao think of an improvement based housing provident fund loans can be used completely there is no need now then later with the provident fund loans to commercial loans to face the situation of 10% floating interest rate.

When American banks have made all their money and their clients need more money to continue doing business, decided to do two things: borrow at banks around the world or sell junk mortgages to the banks financing other companies or the world. That the bank will sell the mortgage to mortgage the other means that the obligation to spend money on a new bank and new bank assumes the default risk. Clearly, banks both units worldwide thugs and will not want to buy a product like this. Therefore, the U.S. bank launched a package of new discoveries made from mortgages that include low-risk mortgages (good) and subprime (bad), put their name that sounds good (as Mortgage Backed Securities, or MBS, which still sounds better) and focus on worldwide sales. To make matters worse, creating other products that sound too good, but ultimately do nothing but garbage mask “” they contain. It began to spread financial risks for the half of the world. Stocks Pedraforca King does not have a little idea that their investments in the U.S. prestigious full of “garbage”. The Bank has decided to purchase these products Pedraforca Bank Grand Canyon, for example, and not aware of the risk. In other words, when Mr Capdevila put your money in his bank office Pedraforca the money goes directly to the Bank of the Grand Canyon and are provided for those without a steady job, no income and no permanent nature. Consequences: money Mr. Capdevila started to run a substantial risk (of globalization long life). Of course, responsible for the investment bank and has an obligation to pay Mr Capdevila. But what happens if you lose your money? Here enter the measures taken by the government, which decided to use public funds to ensure banks have the money. Read the rest of this entry »