The reasons why banks refuse to issue mortgage - Buy property in our time is quite difficult. As real estate prices are increasing every day , save on your square footage , not everyone can . Way out of this situation may be under the mortgage collateral property . Many , deciding to take a mortgage , consider only the banks , the terms of which satisfy their interests, ignoring the requirements of banks and the possibility of refusing to grant credit . There are cases when the customer agrees to purchase " abandoned" property , but such situations are extremely rare , only 5-7%. But in this case there is the risk of failure to issue the required amount to purchase housing.
Banks tend to have their own internal regulations on failures in the mortgage. These reasons may be banal and imperfections of real estate , namely : if the house is to be demolished if a customer buys a house in the building , which is recognized as a historical monument, was held illegal if alterations in the apartment if the depreciation of the building exceeds 60% if a third party claim housing if acquire a room or share in the apartment (possibly positive solution if the last room , or share is the final step for the acquisition of ownership of the whole apartment ) .
Failure in these cases is justified , as banks bear the risk of loss of real property (absence of legal rights to renewal ) conditions can not be paid from the customer, issued him a loan.
This list above , unfortunately, is not exhaustive, it is possible to add the following restrictions:
If the object is located in a block or panel building , which came into operation until 1975. The reason lies in the fact that these houses are categorized as " home to be demolished ." If the acquired property is located outside the city limits . If the apartment is used geyser, as experts believe , here there is a big risk, even if the property is insured. If the house has hardwood floors.
Today, many banks are trying to issue mortgages and clients , collateral property which will be blacklisted , thereby creating competition for the remaining banks . Exposing themselves to such risk , banks have a profit of big bets and promote themselves as loyal and focused on the interest of citizens . Rating of such banks is certainly growing .
banks, banks that reject mortgages, issue, mortgage, mortgage application denied too much, mortgage application rejected reason, mortgage denied after closing, mortgage loan rejected, reasons, reasons why banks refuse to issue mortgage insurance, reasons why banks refuse to issue mortgage loans, reasons why banks refuse to issue mortgage payments, reasons why banks refuse to issue mortgage rates, refuse, why is my home loan denied, why is my mortgage denied, why mortgages are declined.
