Mortgages are all the rage. Why save and save money when you can take out a loan and make the desired acquisition today? Despite a great desire, sometimes bank clients cannot take out a mortgage in order to buy a house or apartment, as they are refused to issue money. If you are going to go to the bank for a loan, find out if you are on the "black list" of those who will be immediately denied mortgage lending.
Top unwanted professions
Before issuing a mortgage loan, the banker collects all the necessary information about the client. He pays the main attention to the profession of a person. It is important for him that the client is able to regularly repay the loan plus interest on it. It is believed that there is no chance of getting a loan from drivers and tourism managers, from builders and police officers, from military personnel and realtors, from employees of agricultural enterprises and from social workers. Even judges are blacklisted because it is difficult and sometimes pointless to sue them if necessary. However, what did the representatives of other professions displease with?
It turns out that the income of realtors and builders may suffer from the economic crisis, and the salaries of agricultural workers from a crop failure. The military after retirement, as well as the police, find it difficult to find another job. Drivers and tourism managers have low salaries, as do social workers. In general, the above professions are a kind of stop sign for bankers, although, as a rule, everything is decided individually.
Collateral problems
As a rule, a mortgage loan is issued against collateral, which is either existing housing or real estate purchased using the mortgage. The mortgage will be refused if the mortgaged property is preparing for demolition, if the house is a cultural heritage and an architectural monument. A banking expert draws attention to the appraisal of real estate from the Bureau of Technical Inventory. If the building is worn out by 60% or more, the bank does not accept real estate as collateral. They do not issue a mortgage loan if the client owns only part of the apartment or house and if third parties are entitled to the property. If you have a visa to Italy , and you want to mortgage a house in Milan with illegal redevelopment, then the bank will find out, and you will be rejected. There are also other important reasons why real estate cannot become a mortgage.
