How to Increase the Likelihood of Mortgage Approval
Posted: Tue Feb 18, 2025 10:15 am
If the client provides the bank with maximum guarantees of the transaction's purity, the likelihood of the application being approved will increase. What can be done:
confirm that the seller of the property has other housing;
indicate the market value of the apartment in the contract;
make cashless payments.
In practice, banks often approve mortgage loans for the purchase of changsha mobile number database housing from relatives. Especially if we are talking about liquid real estate, which will be easy to sell if the borrower refuses to pay the debt. However, lenders easily detect fictitious transactions and can reject an application for many reasons. Including, due to the obviously understated value of the housing in the contract. The more transparent the transaction, the higher the likelihood of approval of the application.
Favorable mortgage in Bank Sinara
Sinara Bank offers to get a mortgage loan on really favorable terms. Including for buying housing from relatives. A minimum of documents is required - you can familiarize yourself with all the terms of mortgage programsHere.
Leave an online application, get a preliminary decision and come to the nearest bank office to continue processing the documents. Our clients get a mortgage quickly and often save on interest. And we are always happy to answer your questions - just call or write to us.
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.
confirm that the seller of the property has other housing;
indicate the market value of the apartment in the contract;
make cashless payments.
In practice, banks often approve mortgage loans for the purchase of changsha mobile number database housing from relatives. Especially if we are talking about liquid real estate, which will be easy to sell if the borrower refuses to pay the debt. However, lenders easily detect fictitious transactions and can reject an application for many reasons. Including, due to the obviously understated value of the housing in the contract. The more transparent the transaction, the higher the likelihood of approval of the application.
Favorable mortgage in Bank Sinara
Sinara Bank offers to get a mortgage loan on really favorable terms. Including for buying housing from relatives. A minimum of documents is required - you can familiarize yourself with all the terms of mortgage programsHere.
Leave an online application, get a preliminary decision and come to the nearest bank office to continue processing the documents. Our clients get a mortgage quickly and often save on interest. And we are always happy to answer your questions - just call or write to us.
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.