Nowadays, with the development of Internet information and the popularization of investment concepts, there should be only a few super domineering people who can pay the full amount at once when buying a house, just to save the extremely low interest of only 2%!
Because those large sums of money are reinvested, and the price is even higher than 2%. It is really not possible to be so crazy except competing with others for pre-sale houses, or foreclosure houses that must be traded in full cash. , I am being domineering and pay the full amount directly.
This kind of crazy behavior looks like a fool in our eyes!
Then when it comes to getting an underwritten mortgage loan, we have discussed it a little before. It is best to have a good interaction with the bank for a year, so that the approved loan ratio and interest rate will be very good.
Unless you are an employee of some special companies, such as TSMC, which is very popular recently, and you can definitely get a 90% loan, or an employee of one of the top 100 companies with an annual income of more than 100 million, you can get a super nice loan, otherwise you just have to be prepared and get a loan. Years of good interaction records are shown to the bank.
For example, there are no card fees owed, no installment payments, no other loans, there is real estate in your name, you usually help your grandma cross the street... and so on.
If you are a freelance worker, such as online auction, selling vegetables in the market, entertainer, digital nomad, full-time stock trading, keeping a mistress...etc.
In the eyes of the bank, this is considered a non-quality customer with an unstable job and income. Although you claim that there is a lot of money in the deposit, it will only be judged as money that may be temporarily loaned out, unless you claim that you have that much money for two years. In it, but what idiot would put a large amount of money in the bank instead of investing it to earn a higher return rate.
Banks are like that. What they like to see the most is money that is deposited on a regular basis and will definitely need to be taxed, such as a fixed salary transfer account that will definitely be taxed.
Saying that you have proof of paying a large amount of rent every month, I can only tell you that I am very sorry! The bank only looks at the income column, and the expenditure can only be used as a reference, which is basically useless, so you can only do your homework on cash flow.
I am self-employed, but what should I do if I don’t have proof of salary?
Then go ahead and add labor and health insurance coverage, and gradually increase your payment level step by step. This can also be used as an alternative proof of your income.
You can also deposit money into your account every day. Even if you only deposit a small amount every day, it can be regarded as a fixed income, which is proof that you are really working hard to make money.
Another way is to open your own company and be the person in charge, but remember to pay yourself a salary when you open a company. Most companies start a company to save taxes and do not pay themselves a salary at all. Here you can only look at the 401 report, and then 401 has just been opened and if it’s not beautiful, it’s really of no use!
On the contrary, if you open a business, you must pay the 405 audit fixed tax every three months, which may be more useful.
Then you need to find a powerful local agent to help you use his good connections and help you deal with banks you are familiar with. See if he can help you add some proof of your weak financial resources for his sake. Otherwise, no matter what you do, it will be in vain.
Then be sure to find a local bank as the main target for applying for a mortgage loan! This is an extremely important point!
Just because you are applying for a mortgage for the house you bought, when they are going through the process, they will have a stage to evaluate the current housing price. At this time, they will send agents to conduct on-site inspections to see how much the house you bought is worth. Rather than how much you bought at a premium, that price will definitely be used as the factor consideration.
If you apply with a bank you are familiar with, but the purchase is in a very remote place, they can only contact the local branch to check it for them. Think about it, that is not my performance, why should I make a serious trip? Of course, it was a very casual reply, and it’s really hard to say whether he suffered a loss at this time.
Therefore, when you buy a house, you must find a powerful local agent, which can help you save time and trouble, and through his contacts, you can increase the probability of being approved for a loan.
But no matter how you operate the network, if your own conditions are not good, no matter how you use the network, it will not help.
so!
Before you start looking at houses, review yourself to see if you can meet the excellent loan approval conditions. If you are still a little short of it, then spend half a year or a year thinking of ways to make it better, so that your loan approval process will be better. It will be much easier.
And when you are choosing a bank, of course everyone will want to ask, and the preliminary evaluation is harmless, but if you agree to let them do the joint recruitment, you must first choose and be optimistic about what kind of bank transactions you hope to have in the future, at most Just choose one of the three.
Because exceeding too many joint loan record points will easily have a great impact on your various loan approvals in the short term.
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