send an application to a specific bank
Posted: Sat Dec 21, 2024 4:22 am
Enlarge imagehow to find out if a house is eligible for a mortgage
Each bank has its own requirements for housing under a mortgage
What housing is not suitable for a mortgage
Let's answer this question in usa business email list one word - illiquid. Again, each bank has its own criteria. They will definitely not approve a mortgage in one of two cases:
dilapidated housing, the depreciation of which exceeds 65% (in some banks 45%);
The housing is subject to demolition or renovation.
Below we list the parameters that may (or may not) influence the bank’s decision:
an apartment in a small two-story building with several apartments;
old private house within the city limits;
a room in a communal apartment or hostel;
apartment on the first or last floor;
a house in an industrial area or a district with a bad reputation.
It is important to understand that the bank's task is not to "annoy" the buyer by refusing, but to help purchase quality housing, the purchase of which will not lead to negative legal consequences. This is why financial institutions carefully check each property.
Fact of the day
The Belarusian 50-ruble banknote of 1992 depicted a black bear, which is not found in Belarus.
Another fact
How to find out if an apartment/house is suitable for a mortgage
Real estate ads often say "suitable for mortgage." In reality, this is not always the case. Is it possible to know for sure that the bank will approve the chosen housing? More likely no than yes. There is only one way to check.
Each bank has its own requirements for housing under a mortgage
What housing is not suitable for a mortgage
Let's answer this question in usa business email list one word - illiquid. Again, each bank has its own criteria. They will definitely not approve a mortgage in one of two cases:
dilapidated housing, the depreciation of which exceeds 65% (in some banks 45%);
The housing is subject to demolition or renovation.
Below we list the parameters that may (or may not) influence the bank’s decision:
an apartment in a small two-story building with several apartments;
old private house within the city limits;
a room in a communal apartment or hostel;
apartment on the first or last floor;
a house in an industrial area or a district with a bad reputation.
It is important to understand that the bank's task is not to "annoy" the buyer by refusing, but to help purchase quality housing, the purchase of which will not lead to negative legal consequences. This is why financial institutions carefully check each property.
Fact of the day
The Belarusian 50-ruble banknote of 1992 depicted a black bear, which is not found in Belarus.
Another fact
How to find out if an apartment/house is suitable for a mortgage
Real estate ads often say "suitable for mortgage." In reality, this is not always the case. Is it possible to know for sure that the bank will approve the chosen housing? More likely no than yes. There is only one way to check.