Did you pass the mortgage interview?

Face-to-face mortgage does not mean that the loan is passed. Face-to-face mortgage is actually an evaluation process of the comprehensive situation of borrowers by banks. The face-to-face signing of the mortgage is actually an audit, but the bank requires the user to sign and confirm, which does not mean that the bank will definitely lend money in the end. The bank will not lend money until it notifies the user to sign a loan contract and stipulates the loan amount, loan term and loan interest rate. After the face-to-face mortgage is approved, generally within 15 working days, the bank will issue a loan agreement notice to the user, and then the user will go through the relevant procedures and sign a loan contract.

What does the face-to-face sign mean?

Face-to-face signing with the bank means that the borrower can wait until the loan bank pays the required fees legally and effectively, and then interview and sign. It also means face-to-face signing. One of the key points of the interview is to dispel the other party's doubts about your immigration tendency.

When you apply for a loan, the bank will ask you (sometimes your spouse or even the owner is present) to explain your rights and obligations in the loan before the bank lawyer or credit manager and sign the loan agreement.

How long can I lend money after the face-to-face signing?

Generally, the loan can be granted within one week after the face-to-face signing, but if the bank's loan policy is tightened and the loan funds are insufficient, the time for lending after the face-to-face signing will be delayed. The following is the situation that the loan has not been approved for a long time after the face-to-face signing:

1. Holiday period: the loan approval will be postponed during the holiday period, and the loan cannot be released during this period.

2. Loan peak period: During the peak period of bank loan business, banks will be in a state of insufficient loan funds. At this time, even if it is a face-to-face signing, you have to wait in line for a loan.

3. Policy change period: for example, the tightening of mortgage policy and the increase of bank interest rate will affect the lending speed after face-to-face signing.

4. Strict risk control period: The bank's risk control has been very strict. If the customer's loan qualification is not so good, the lender's qualification may be re-evaluated after the face-to-face signing, so the time for lending will be delayed.

What are the procedures for face-to-face signing?

1. Bring valid ID cards and other materials to the bank.

2. The loan officer shall review the materials (ask the borrower about the loan demand and personal situation according to the materials provided).

3. If the materials are not neat, they shall be filled within the agreed time.

4. After the face-to-face signing, the bank evaluates the loan house.

5. The bank conducts the second audit on the borrower.

6. The bank will issue a loan approval letter after agreeing to lend money.

7. The buyer and the seller transfer ownership.

8. Go through the formalities of property right mortgage.

9. Bank loans