how can we successful for getting the home loans?

These days lot of people buying a house and many of the financial institutions are offering the great and best home loans to the loan applicants who are requesting loans, but not everyone’s loan qualifications are so good because every money lenders have their own loan lending principles for granting loans to the home loan applicants. Some people may have a small problem with the credit score(one of the major loan approval factor). Some people may not be too stable in bank flow, and some people may have insufficient down payment.

So, how can we successful for getting the home loans? So, some people thought of looking for a guarantor. What are the conditions for the loan guarantor of the purchase? What are the conditions for a mortgage loan mortgage guarantor? In applying for the conditions of such a guarantor, the applicant of the loan must have a fixed place of residence or business; a business license and a business license, a stable guarantor's ability to repay the principal; The entrepreneur's project has a certain amount of self-owned funds.

Well, these are two major loan offerings from the money lenders/financial intuitions.

1. General Mortgage

2. Maximum Mortgage

What is the difference between "general mortgage" and "maximum mortgage"? "General mortgage", as long as the mortgage loan has been settled, even if the mortgage has not been sold out, it will lose its effectiveness. The "maximum mortgage" is that when the mortgage is set, the two parties only reserve a maximum amount first, but the actual amount of the mortgage has not yet been determined to guarantee the future claims that may continue to occur until the final settlement or the loan term expires. The final amount of mortgage can only be established.

Therefore, according to the current method adopted by the bank, even when the borrower has paid the house loan, it does not mean that the bank will immediately issue the debt settlement certificate but wait until the bank finds out that the borrower does not owe the credit card. In the case of car loans and other such debts, the mortgage is considered fully paid. Therefore, when applying for the home loans, you should pay attention to the following points: Maintaining a good payroll record can be said to be one of the most important conditions for securing a loan.

If the salary you receive is cash, remember to take it to the bank and note the name of the payment unit on the deposit slip, so you can see the notes when you brush the book, like a salary. Proof of the account. The so-called "general guarantor" ("guarantor") means that when the borrower of the mortgage does not pay the bank, the guarantor will replace the borrower to pay the bank. From this, it can be seen that the bank “must” first to procure the debtor’s obligation to repay the debt, and after submitting the enforcement to the “court”, there is still an indebted debt, and the guarantor can take responsibility for the remaining unfinished loan.